GTR News Brief Episode 22

Host Felix Thompson gives a breakdown of the major stories in trade and trade finance news this week.

International banks are being urged to cut ties to three meat trading companies in Brazil, after an anti-corruption investigation accused the trio of contributing to deforestation in the Amazon.

As US President-elect Joe Biden readies to enter the White House next month, one topic he will need to address is the tough economic sanctions imposed on Iran by the Trump administration, which has crippled the Middle Eastern state’s economy.

In other news, trade finance products are being exploited by criminal groups to launder funds and support terrorist activity, according to a landmark report from an influential financial crime standards-setting body.

Meanwhile, fintech company MonetaGo has partnered with Singapore-based trade technology platform GUUD to implement its trade finance fraud prevention solution across Asia.

Senior reporter John Basquill also provides a closer analysis after banks in Singapore unveil tougher commodity finance standards.

Music credit to Kevin MacLeod for his track Loopster, taken from incompetech.com. Licensed under creative commons by attribution 3.0 license. Further music credit to Sunrise Drive by South London HiFi. Licensed under creative commons Attribution 4.0 License. Music promoted by CopyrightFree.org