Technology and Trade-Based Financial Crimes

Geoff Wynne moderated a panel discussion titled “Technology and Trade-Based Financial Crimes” at the 2022 London Annual Trade Finance Compliance Conference, sponsored by the Institute of International Banking Law & Practice.

Topics that the panel discussed, in relation to trade finance compliance, included using AI and blockchain, fintech/regtech solutions, big bank vs. small bank resourcing, virtual training for banks’ AML and trade staff, the use of technology and waiver of liability, the push towards automated document checking and the digitalisation of trade/URDTT.