Session on Regulation with EDPMS and IDPMS with the Industry in association with Princeton Academy at Mumbai. This session was enlightening, as the issues faced by the industry with various operational issues in compliance with InternationalTrade RBI regulation.

The reason for posting this is the recent instances, apart from many others that have come across posts starting my Trade Finance Consultancy. Have realized that there is a nascent need for msme to be guided on the operational issues of tradecompliance and optimum structuring of tradeFinance. Just mentioning some.

1. Despite clear regulation of MTT (Third Country Transaction), instances where a breach has been done by customers unknowingly as they were not guided about the regulations.
2. Read about this trade finance fraud transaction in today’s local daily,  how a firm was duped into paying fees of Rs 48 lacs for arranging SBLC from overseas to raise finance for the business. To avoid such instances, it’s necessary to connect with authentic and experienced professionals having knowledge of Credit and RBI regulations.

If we as a country want an era of atmanirbharbharat and promote exports, its imperative that the adherence to the compliance be there to have hassle-free trade transactions