Trade Forum 2024: Leveraging Trade to Address Climate Change in Asia and the Pacific
Ren Yuh Kay
As Senior Manager in the Trade Division under IMDA’s Sectoral Transformation Group, Ren Yuh is responsible for the development of various initiatives to accelerate digital transformation of Trade & related sectors in Singapore, as well as fostering industry partnerships in the pursuit of these objectives.
CWRD Brown Bag held on Financial Inclusion in the CAREC Region: Promoting Fintech
On 29 April, Dr. Ghulam Samad of CAREC Institute discussed key findings of his study on fintech adoption in the CAREC region. The seminar surveyed the fintech market in the region, highlighted the unmet demands for trade finance from MSMEs, and offered recommendations for the region's successful fintech adoption.
Trade Based Money Laundering, Trade Finance and Illegal Wildlife Trafficking
Gary Wilson gave a background about trade based money laundering, trade finance, and illegal wildlife trafficking.
Asia-Pacific Trade Facilitation Forum 2019: Digital and Sustainable Trade Facilitation for Regional Prosperity
The Asia-Pacific Trade Facilitation Forum (APFFF) is the leading regional platform for the exchange of information, experiences and practice on trade facilitation. The APTFF has been organized by the Asian Development Bank (ADB), the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and growing number of partners since 2009. The Forum attracts over 250 participants from over 30 countries.
Trade Finance Products in Action/Case Study
In this presentation, Mr. O'Brien walked participants through the process of a typical trade facilitation deal, and discussed a case study to get a better understanding of how it works.
Ultimate Beneficial Owners: International Standards and Practices
In this presentation, Mr. Syquia guided participants in defining ultimate beneficial owners and applying the Financial Action Task Force (FATC) standards. He also discussed how to determine controlling ownership interests, structures designed to conceal beneficial ownership, and identifying who actually exercises control.
Letter of Credit Relay
In this presentation, Mr. Packham and Mr. O'Brien gave an overview and the workflow for a Letter of Credit (LC) relay, and shares the challenges holding back Pacific countries. They also shared the benefits of LC relay, and potential solutions to overcome the challenges which were earlier presented.
Digital KYC Solutions: Everest
In this presentation, Mr. Reid gave an overview and architecture of Everest's digital Know Your Customer platform, and how they process the on-boarding and verification of users/entities. He also shared an example from the Central Bank of Samoa to illustrate the money transfer chain of custody, remittance ID verification and transaction tracking and reporting.
Trade Loans: A Less Risky Alternative to Overdrafts
In this presentation, Mr. Packham shares the definition, purpose, and applicability of a trade finance loan. He also underscored the advantages of trade loans and its benefits to the customer and gave an overview of a trade cycle analysis, which can be used to help establish a trade loan facility.