The Impact on Exporters of Foreign Assets Control, Anti-Boycott, and Anti-Money Laundering Regulations
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Instructor Profile
Walter (Buddy) Baker has over 30 years of experience in international trade finance. In May 2009 he joined Fifth Third Bank where he heads their Global Trade Solutions Delivery team. Fifth Third is one of the 20 largest banks in the US and provides a full range of risk mitigation and financing products for exporters and importers. Prior to Fifth Third, Buddy worked for Atradius Trade Credit Insurance, ABN AMRO Bank, Bank of America, Wachovia Bank, and The First National Bank of Chicago.
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Description This webinar educates participants on the regulations governing the actions of banks when handling international payments and explores what banks are required to do and not to do, with a particular focus on the impact on the exporter and their payment for goods. U.S. exporters are not only required to understand complex licensing requirements regarding the goods they sell, they must adhere to U.S. sanctions against "enemy" countries (foreign assets control regulations) and refuse to comply with sanctions imposed by other countries (anti-boycott regulations).
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Why should Attend This webinar tells about the U.S. exporters are not only required to understand complex licensing requirements regarding the goods they sell, they must adhere to U.S. sanctions against “enemy� countries (foreign assets control regulations) and refuse to comply with sanctions imposed by other countries (anti-boycott regulations).
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Objectives
Understand the difference between international rules, domestic laws & regulations, and international conventions and when they apply Learn under what circumstances payment from a foreign buyer could get frozen by the U.S. government and deemed "trading with the enemy" Understand what makes a transaction reportable or prohibited under the antiboycott regulations Review how the USA PATRIOT Act applies to trade transactions and information banks actually need in order to satisfy "Know-YourCustomer" requirements
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Who can Benefit
Credit And Collection Managers Presidents Vice Presidents Business Owners Managers Lending Professionals Accountants Bankers
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
How this Webinar Works Username and Password will be sent to you 24 hours prior to the webinar Presentation handouts in pdf format will be mailed to you Login to the session using the username and password provided to you Get answer to your queries through interactive Q&A sessions via chat
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www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com