Regulatory issues in trade and commodity finance

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Anti-bribery and corruption

It is important to be aware of anti-bribery and corruption issues when dealing with trade and commodity finance transactions due to the international nature of the transactions. They are of particular concern in export credit agency finance as export credit agencies typically take the form of a governmental agency, quasi-governmental entity or a private institution acting on behalf of the government and such transactions will involve interaction with public officials.

Bribery Act 2010

The Bribery Act 2010 (BA 2010) came into force on 1 July 2011. It was designed to provide an effective legal framework to tackle corruption in both the public and private sectors, modernising the UK’s anti-corruption legislation and replacing the Prevention of Corruption Acts 1889–1916.

The

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