Trade Compliance Consulting to the interface to your commercial bank

At the interface between your trade compliance organization and your commercial bank, the following challenges may arise:

• Safe use and creation of letters of credit and guarantees (update of organizational instructions and processes)
• Frequent discussions between bank and client: Banks' requirements to trade compliance documents
• Risk: Transactions in USD
• Risk: Bank blocks your business account in the event of serious violations against foreign trade law or terminates your business account in the event of repeated violations against foreign trade law