Complying with the Rules & Regulations Pertaining to Letters of Credit: OFAC, Anti-Boycott, and the USA PATRIOT Act
Date: | 11-Feb-13 to 11-Feb-13 |
Location: | Online Event / California City / California / United States |
Category: | Banking, Finance & Investment Conferences & Trade Fairs |
Visitors
There are many rules and regulations governing international trade. The rules are standards of practice, many created and maintained by the International Chamber of Commerce, to facilitate trade. The regulations contain legal restrictions on what one is allowed to sell to whom and required (and prohibited) business conduct, with penalties for failure to comply including fines, loss of export privileges, and even jail terms. In many cases, banks are required to police transactions they handle and report violations.
Areas Covered in This Session:
Export licensing (e.g., the Export Administration Regulations (“EAR”) and International Traffic in Arms Regulations (“ITAR”)).
FX controls.
Sanctions against “enemy” countries (e.g., the Office of Foreign Assets Control and U.N. sanctions).
Antiboycott regulations.
Anti-Money Laundering regulations (e.g., the USA PATRIOT Act).
Anti-corruption regulations (e.g., the Foreign Corrupt Practices Act).
The International Commercial Terms (“Incoterms”).
The U.N. Convention on Contracts for the International Sale of Goods (“CISG”).
The Uniform Customs and Practice for Documentary Credits (“UCP”).
International Standard Banking Practice for the Examination of Documents under Documentary Credits (“ISBP”).
The eUCP.
The International Standby Practices (“ISP98”).
The Uniform Rules for Demand Guarantees.
The Uniform Commercial Code, Article 5.
The Uniform Rules for Collections.
Who Will Benefit:
The following personnel from across industries will benefit:
Attorneys
Credit and collection managers
Compliance officers
Company presidents
Exhibitors
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