Challenge
Country risk and sanctions screening were critical, with a local buyer requiring a standby instrument from an accepted bank. The client needed a compliant structure while minimizing exposure and payment delays.
Approach
We strengthened compliance and SBLC structuring to reduce risk. Key actions:
- **Enhanced KYC/AML:** UBO checks, sanctions and dual-use screening.
- **Issuer selection:** licensed issuer with local acceptance and clear call conditions.
- **Risk controls:** escalation paths and contingency for document changes.
- **Enhanced KYC/AML:** UBO checks, sanctions and dual-use screening.
- **Issuer selection:** licensed issuer with local acceptance and clear call conditions.
- **Risk controls:** escalation paths and contingency for document changes.
Outputs
Compliant SBLC framework with cleared counterparties and reduced country-risk exposure.