BACB is delighted to announce the launch of its 2024 research paper, entitled “Unlocking African opportunities: a specialist bank’s approach to safe, sustainable trade”. Offering a deep dive into the unique challenges of trading with specialist markets, BACB experts share their insight on how risk can be mitigated through effective transaction monitoring and robust due diligence.
The paper was launched at today’s GTR Africa 2024 conference in Cape Town. “Like any other part of the world, Africa has its own unique risk profile,” commented BACB CEO Paul Jennings. “But the challenges can certainly be addressed and mitigated. The right approach to conducting safe, sustainable trade in these markets goes beyond just strong risk compliance checks – it necessitates deep expertise and understanding of the local context.”
In the paper, BACB also provides a series of case studies illustrating how the bank has been able to support crucial trade flows in markets such as Libya, Nigeria, and Mauritania. Read the full paper here.
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