US targets network of Singapore, Swiss and UAE traders in Iranian oil crackdown
04-11-22 / by John Basquill
The US government has taken action against a network of fuel traders and shipping companies...Author's Archive
John joined GTR in 2020 as a senior reporter. He covers all areas of trade and trade finance, particularly commodities and supply chain. He also focuses on trade-related financial crime, including money laundering, sanctions evasion and fraud. He has previously been a reporter and editor at speciali ...
John Basquill | Senior Reporter
Glencore to pay £281mn in “landmark” West Africa bribery case
03-11-22 / by John Basquill
Commodity trader Glencore has been ordered to pay £281mn for its role in bribing officials...
Banks turn to network tools and anomaly detection to fight financial crime
02-11-22 / by John Basquill
Financial institutions are increasingly using network analytics and anomaly detection tools to identify potential collusion...
Ukraine grain exports face vessel backlog as concerns grow over Black Sea initiative
26-10-22 / by John Basquill
Authorities responsible for the safe export of Ukrainian grain from Black Sea ports are working...
Mena trade finance faces “unique” criminal risks, report warns
26-10-22 / by John Basquill
Banks providing trade finance products, including standby and back-to-back letters of credit (LCs), are exposed...
ICC UK urges action on digitisation in “wake-up call” over fraud
19-10-22 / by John Basquill
The International Chamber of Commerce United Kingdom (ICC UK) is pushing banks and authorities to...
Standard Chartered eyes bank partnerships to expand reach of trade tracking tool
19-10-22 / by John Basquill
Standard Chartered plans to partner with banks around the world to expand the reach of...
Munich Re scales back oil and gas cover as climate campaigners up pressure on insurers
10-10-22 / by John Basquill
Climate campaigners have hailed a decision by the world’s largest reinsurer, Munich Re, to scale...
Al Masraf hires head of global transaction banking
09-10-22 / by John Basquill
Abu Dhabi-headquartered Al Masraf has appointed Mark Emmerson as head of global transaction banking, effective...
Westford sues insurer over disputed Phoenix trades
05-10-22 / by John Basquill
Westford Trade Services is suing Dubai Insurance Co over losses involving disgraced commodities trader Phoenix,...