International Governing Bodies

Question 1

WTO

Answer 1

Help disputing parties reach agreement

Reducing obstacles to international trade and ensuring a level playing field for all

Legal and institutional framework

Question 2

ICC

Answer 2

Promote open international trade and investment and help business meet the challenges and opportunities of globalisation

Rule setting
Dispute resolution
Policy advocacy

ICC international court of arbitration

Question 3

Credit reference agencies

Answer 3

Graydon

Experian

Dun & Bradstreet

Question 4

Credit rating agencies

Answer 4

Fitch

Moody’s

Standard & Poor

Question 5

Export credit agencies ECA

Answer 5

Coface

Ex-Im Bank

Credendo

EKN

Atradius

Question 6

UNCITRAL

United Nations Commission on International Trade Law

Answer 6

CISG was developed by the UNCITRAL

CISG is deemed to be incorporated into the domestic law of any trade between these contracting states, unless stated in the contract

Some countries have adopted UNCITRALs Model law on International Commercial Arbitration

Question 7

FATF

Financial Action Task Force

Answer 7

Monitors the progress of its members in implementing necessary measures reviews money laundering and terrorist financing techniques and counter measures and promotes the adoption and implementation of appropriate measures globally

Published standards containing 40 recommedations

Question 8

Egmont Group

Answer 8

Many countries have an FIU (Financial Intelligence units. Egmont group is a united body of 159 FIUs

Provides a platform for the secure exchange of expertise and financial intelligence to combat money laundering and terrorist financing that aims to facilitate international co-operation