Law and Practice in International Banking & Commercial Payments

Law and Practice in International Banking & Commercial Payments

Course Description

Introduction

Welcome to the Law and Practice in International Banking & Commercial Payments course, offered by Cambridge for Global Training. This course is designed to provide professionals in the banking and finance sector with a comprehensive understanding of the legal framework and practical considerations governing international banking transactions and commercial payments. Through a combination of theoretical knowledge and practical insights, participants will gain the necessary skills to navigate the complexities of international banking law and ensure compliance with regulatory requirements.

Course Objectives

By the end of the course, participants will be able to:

• Analyse the legal principles and regulations governing international banking and commercial payments.
• Understand the role of key international bodies and agreements in shaping banking and payment practices.
• Apply legal concepts to real-world scenarios in international banking and commercial transactions.
• Evaluate the risks associated with international banking and payment operations and develop strategies for risk mitigation.
• Implement best practices for ensuring compliance with anti-money laundering (AML) and other regulatory requirements.
• Enhance negotiation skills for international banking and payment agreements.
• Foster a deeper understanding of the legal and commercial implications of cross-border transactions.

Who Should Attend

• Banking and Finance Professionals
• Legal Counsel and Advisors
• Compliance Officers
• Corporate Treasury Professionals
• Trade Finance Specialists
• Risk Managers
• International Business Executives

Course Outline

Unit 1: Introduction to International Banking Law

• Overview of international banking law and its significance
• Legal framework for cross-border banking transactions
• Role of international agreements and conventions
• Jurisdictional issues and conflicts of law
• Regulatory bodies and their role in international banking regulation

Unit 2: Legal Aspects of International Payments

• Principles of international payment systems
• Documentary credits (letters of credit) and their legal framework
• Uniform Customs and Practice for Documentary Credits (UCP 600)
• Payment methods in international trade: bills of exchange, promissory notes, and checks
• Legal issues in electronic funds transfers and digital payments

Unit 3: Risk Management in International Banking

• Types of risks in international banking transactions
• Credit risk assessment and management
• Market risk and interest rate risk
• Operational risk and its impact on banking operations
• Legal and regulatory considerations in risk management

Unit 4: Compliance and Regulatory Frameworks

• Anti-money laundering (AML) regulations and their application in international banking
• Know Your Customer (KYC) requirements for international transactions
• Counter-terrorist financing (CTF) regulations
• Sanctions compliance and export controls
• Compliance monitoring and reporting obligations

Unit 5: Negotiation and Dispute Resolution

• Negotiation strategies for international banking and payment agreements
• Resolution of disputes in international banking transactions
• Arbitration and mediation in cross-border disputes
• Enforcement of international banking agreements and judgments
• Case studies and practical exercises on negotiation and dispute resolution