The Chief Compliance Officer (CCO) of a financial institution has been asked by a manufacturing...

Delayed processing of cross-border transfer of funds between countries may occur due to increased scrutiny to determine the legitimacy of each transfer.

Citing inaccurate content of the MER. the president of the country has called upon the FATF to publicly withdraw the MER and commission an independent review of findings.

Mandate termination of all cross-border trading until evidence can be provided to show an improved position of compliance for the weaknesses stated in the MER.

Negative consequences will not occur because the manufacturing customer has been trading with reputable countries and suppliers for many years without incident.