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