Sanctions: more pain on the way for treasurers and trade finance
Trade finance may take a beating in light of more stringent enforcement around trade embargoes by US authorities. Corporate treasurers would do well to keep a close eye on the developments.
New rules rolled out by the US watchdog - the Office of Foreign Assets Control (OFAC) - in March spell a transformation in the way lenders approach sanctions. Gone are the days when banks could merely screen businesses against a blacklist.
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