Criminals and tax evaders are using trade as a veil for their illicit activities. Finbarr Bermingham reports on the damage that’s being done, and how banks and companies need to clean up their acts.
When GTR gathered together a group of East African trade financers, companies and insurers, talks centred on financing opportunities for local banks, changing trade flows and the region’s energy needs.
The old guard of lenders, pre-occupied with repairing balance sheets, is not serving UK SMEs as they should. According to innovation charity Nesta, demand for alternative sources of finance grew by 91% between 2012 and 2013 in the UK. The British government has started to take note, reports Jason McGee-Abe.
A pioneering study by GTR and the Supply Chain Finance Community has found that corporates are increasingly looking to supply chain finance as a strategy to create opportunities, rather than as a mere exercise in cost reduction. Shannon Manders reports.