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Archives 2003 :

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<?xml version="1.0" ?><root> <article> <articletitle>Expanded anti-fraud service goes into action</articletitle> <subtitle>London, 18 December 2003</subtitle> <teaser-text>ICC Commercial Crime Services has stepped up its anti-fraud services to banks, investors and other financial institutions by launching the Financial Investigation Bureau (FIB), designed to meet growing threats from this type of crime. </teaser-text> <teaser-image> <img alt="bank_teller.b" src="/uploadedImages/ICC/ICC_Home_Page/bank_teller_b.jpg" /> </teaser-image> <articlebody> <table width="250" align="right" border="0"> <tbody> <tr> <td></td> </tr> <tr> <td></td> </tr> </tbody> </table> ICC Commercial Crime Services has stepped up its anti-fraud services to banks, investors and other financial institutions by launching the Financial Investigation Bureau (FIB), designed to meet growing threats from this type of crime. The FIB, which replaces the highly successful Commercial Crime Bureau (CCB), is designed to deal with the spread and increased sophistication of financial fraud. The bureau will also help its members cope with mounting regulatory requirements in the wake of the 9/11 terrorist assault on New York and Washington. Since the CCB was founded in 1992, it has saved banks and investors billions of dollars and built a database of information on fraudsters that is among the most comprehensive in the world. That database is at the disposal of the new service and its members. Pottengal Mukundan, Director of ICC Commercial Crime Services, said: "The role of CCB has been changing to reflect the new pressures. We decided to redefine its role under a title that more accurately defines what we do for the growing number of new members, many of them outside our traditional banking base." The FIB's structure provides for membership at several different levels to ensure that it is affordable to all organizations that need to protect themselves from both the direct threat of crime and the consequences of non-compliance with the host of regulations introduced since 9/11, dealing with terrorist funding and money laundering. Mr Mukundan added: "We have structured FIB so that it offers a number of new services to meet the needs of financial institutions and investors in a direct private sector response to the globalization of organized crime and the advanced techniques criminals are using." Besides serving banks, FIB will be of particular interest to law and accountancy firms and individual investors, for whom it can : · Verify the bona fides of any proposed financial transaction before funds are paid · Conduct background checks on the parties involved · Investigate the source of financial fraud and money laundering schemes and identify those responsible · Recover assets lost to financial fraud · Provide expert witness testimony in cases of financial fraud for prosecutors, litigators and civil claimaints Core services include : · a confidential database service (FIB holds over 200,000 records on entities connected to suspicious and fraudulent activity over the past 10 years) · analysis of information in the public domain · access to a confidential communications network encompassing members in 75 countries and International Chamber of Commerce representatives in 130 countries · tracking down and closing fraudulent websites. Regular newsletters and confidential bulletins will highlight current trends in financial fraud and provide early warnings to reduce the risk of becoming a victim. These communications are underpinned by conferences and seminars that provide an opportunity to learn from and interact with some of the best qualified and experienced people in the financial services sector. Mr Mukundan said that dramatic increases in money laundering legislation, the introduction of new Financial Action Task Force (FATF) recommendations and the US Patriot Act have all combined to increase the burden on the financial sector and the many auxiliary service providers linked to it. It was now more important than ever for financial institutions and others to demonstrate a high standard of due diligence, taking all suitable steps to identify fraudulent proposals, the CCS Director said. This includes routine checks on the parties involved to remove the risk of their inadvertent involvement in major investment fraud. "With its huge reach and independent approach, FIB provides a single centre of information to check and verify documents that few can match, offering peace of mind at a very reasonable cost for the increasing number of organizations that are now subject to tough new legislative requirements," Mr Mukundan said. In one of its first cases, the FIB received information that a bank, purportedly registered in Ireland, had been involved in generating letters of credit covering electrical goods exported from France to Ghana. Investigations showed that the bank was using an accommodation address and was not registered with the Banking Supervision Unit of the Irish Financial Services Regulatory Authority. The FIB immediately sent out warnings to its member banks. For full details on FIB, email <a href="javascript:openEmailWindow('/emailpage.html?function=1&author=fib_iccat_icc-ccs')">Click here to send a mail.</a>.org.uk"> <a target="blank" href="javascript:openEmailWindow('/emailpage.html?function=1&author=fib_iccat_icc-ccs')">Click here to send a mail.</a>.org.uk </a> or telephone +44 208 591 3000. </articlebody> <small-image> <img alt="" src="/uploadedImages/ICC/ICC_Home_Page/bank_teller_b.jpg" /> </small-image> <small-imagecaption>FIB - a direct private sector response to the globalization of organized crime</small-imagecaption> <big-image></big-image> <big-imagecaption /> <relatedfile></relatedfile> <links> <a href="/ccs/menu_fib_bureau.asp"> Financial Investigation Bureau </a> </links> <author /> <title /> <telephone /> <fax /> <authormail>None</authormail> </article> </root>

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Trade an opportunity - not a problem says business leader
Paris, 15 December 2003 Interviewed on BBC television today, ICC Secretary General M aria Livanos Cattaui today called on governments to put posturing and rhetoric aside and work together for a successful Doha round trade agreement.

Business backs technology solutions for climate change
Milan, Italy, 12 December 2003 As a United Nations conference on climate change ended here, business representatives applauded signs that governments are now emphasizing the role technology must play in finding solutions.

The final business statement - WSIS Geneva
Geneva, 12 December 2003 Business has been represented at this Summit, and indeed throughout the entire summit preparatory process, by the Coordinating Committee of Business Interlocutors - or CCBI - led by the International Chamber of Commerce, with the active participation of companies and business associations from all regions of the world.

The final business statement - WSIS Geneva
Geneva, 12 December 2003 Speech by Richard D. McCormick*

Banking Commission takes the road with first meeting in India
New Dehli, 11 December 2003 The ICC Banking Commission met in India for the first time this week, with the revision of ICC's rules on documentary credits the top agenda item.

Business warns that UN anti-graft accord contains flaws
Merida, Mexico, 11 December 2003 As more than 100 United Nations' member governments signed a groundbreaking convention against corruption today, a spokesman for world business warned that it contained serious deficiencies.

Revive the Doha round, says business
Paris, 11 December 2003 The International Chamber of Commerce today urged governments to renew their commitment to a successful Doha trade round at a key meeting of the World Trade Organization next week.

Business confirms its support for ICANN
Geneva, 10 December 2003 Business today called for the strengthening of ICANN as the coordinator of the internet's domain names and numbers system.

Business backs UN's Anti-Corruption Day
Merida, Mexico, 9 December 2003 The International Chamber of Commerce today joined in celebrating the inaugural International Anti-Corruption Day. The United Nations launched the initiative to raise awareness of corruption and the role of the new UN Convention against Corruption.

New proposal on internet governance to be tabled at summit
Geneva, 8 December 2003 International business leader, Mr Talal Abu-Ghazaleh will tomorrow use a high-level meeting at the World Summit on the Information Society (WSIS) to propose creation of an internet governance forum balancing the interests of governments, civil society and business.

ICC launches toolkit for e-business
Paris, 8 December 2003 ICC has launched a new series of booklets - 'ICC tools for e-business' - to coincide with this week's World Summit on the Information Society in Geneva.

Four new countries join ICC's global network at World Council
Paris, 5 December 2003 More than 150 business executives from over 80 countries convened here today for the 186th session of the ICC World Council.

ICC executive board meets to set 2004 priorities
Paris, 4 December 2003 ICC's executive board convened here today to set strategic priorities for the world business organization in 2004 and listen to the insights of two recognized experts on the most pressing geo-political issues facing the world and the rising economic importance of China .

Electronic documents and letters of credit - the way of the future
Paris, 3 December 2003 Our Book of the Month for December offers authoritative guidance on how to use the electronic supplement to ICC's universally applied rules on documentary credits, UCP 500.

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<?xml version="1.0" ?><root> <article> <articletitle>Business goes online for WSIS</articletitle> <subtitle>Paris, 2 December 2003</subtitle> <teaser-text>Companies attending the upcoming World Summit on the Information Society (WSIS) have launched their summit effort with the creation of a dedicated website.</teaser-text> <teaser-image> <img alt="wsis logo s" src="/uploadedImages/wsis_logo_s.gif" /> </teaser-image> <articlebody> Companies attending the upcoming World Summit on the Information Society (WSIS) have launched their summit effort with the creation of a dedicated website. <a href="http://www.businessatwsis.net/"> www.businessatwsis.net </a> was officially launched today as the online home for all business summit input, press releases, policy statements and conference programmes. Business input to the UN summit is being spearheaded by the Coordinating Committee of Business Interlocutors (CCBI), of which ICC is the chair. Calling the new website "a one-stop shop for anyone interested in the business position on key WSIS issues", ICC's Senior Policy Manager for E-business, IT and Telecoms, Ayesha Hassan, said the new website would be regularly updated from Geneva during the summit. "What we have created with this website is a constantly evolving portal for business news and views," she said. "A team in Geneva will be editing the site throughout the summit, ensuring a steady stream of business reaction to the progress of the summit. "Whether you are a journalist, a government delegate or an interested member of the web-surfing public, you can be kept informed of the business view with a simple click of the mouse." The <a href="http://www.businessatwsis.net/"> www.businessatwsis.net </a> website also features: - the business programme of events - a complete rundown of business activities at the summit, including the two business events; "What makes ICTs effective engines of growth" and "Champions of the Information Society:Young entrepreneurs: innovators and investors", featuring business and political leaders from around the world; - business policy statements - a compilation of all CCBI policy input in the lead-up to Geneva - including the preparatory committees meetings. - The Business Statement - an overall business statement of the business priorities and recommenda tions for achieving the goals of on the summit. and its aims; - Business in Action - a select showcase of "IT for development" projects in which companies are involved around the world; - A complete list of companies and industry associations who make up the CCBI. By signing on to a mailing list, website users can also receive regular and automatic email alerts for all new press releases and statements as they are published. Visit <a href="http://www.businessatwsis.net/"> www.businessatwsis.net </a> for further details. </articlebody> <small-image> <img alt="" src="/uploadedImages/<a target="blank" href="javascript:openEmailWindow('/emailpage.html?function=1&author=biz_iccat_wsis.gif')">Click here to send a mail.</a>" /> </small-image> <small-imagecaption>Keep informed of the business view with a simple click of the mouse - www.businessatwsis.net</small-imagecaption> <big-image></big-image> <big-imagecaption /> <relatedfile></relatedfile> <links> </links> <author /> <title /> <telephone /> <fax /> <authormail>None</authormail> </article> </root>

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Rights of sponsored parties spelled out in revised ICC code
Brussels, 27 November 2003 The International Chamber of Commerce today launched a revised International Code on Sponsorship, emphasizing the sponsored party's freedom of choice.

Global economic recovery has started, says business poll
Paris, 26 November 2003 A world survey of business sentiment today pointed to the onset of global economic recovery, with upbeat expectations evident in North America, Europe, Asia and most other regions.

Regional leaders head to Dhaka to talk trade
Dhaka 25 November 2003 The prime ministers of Bangladesh, Thailand and Former Prime Minister of India will join WTO Director General Dr Supachai Panitchpakdi at a conference here in January to bolster a revival of global trade talks.

New award to honour business efforts to eradicate poverty
Paris, 14 November 2003 Business efforts to reduce poverty in line with the UN Millennium Development Goals will be recognised in a new joint ICC-United Nations award to be handed out at next year's ICC World Congress in Marrakesh.

Transportation and trade growth in Asia is theme of regional conference
Bangkok, 14 November 2003 The vital role of transportation in Asia's economic development will be highlighted at this year's ICC Asia regional conference in the Thai capital on 27 - 28 November.

Getting back to business in Iraq
Baghdad and New York, 12 November 2003 The U.S. arm of the International Chamber of Commerce, the United States Council for International Business (USCIB), announced today that the Iraqi-American Chamber of Commerce and Industry has joined ICC, the world business organization.

CCB follows the bouncing cheque
London, 6 November 2003 The London based ICC Commercial Crime Bureau (CCB) is warning banks and their customers to be wary of cheques from unfamiliar financial institutions. The CCB was moved to issue this warning after a host of worthless cheques were passed to its banking members in recent months.

Spotlight on the Letter of Credit year
Paris, 1 November 2003 The 2003 Annual Survey of Letter of Credit Law and Practice went on sale today, providing a compilation of key articles, case summaries, and the full texts or pivotal letter of credit cases and other relevant material.

Concern grows as pirates attack tankers
London, 31 October 2003 The ICC International Maritime Bureau warned today that attacks by pirates against tankers in Indonesian waters could lead to an environmental disaster.

Business issues cautious welcome for UN anti-corruption convention
New York, 31 October 2003 ICC, the world business organization, has welcomed United Nations moves to create an anti-corruption convention, due before the General Assembly today, but says that unless properly monitored it could create an uneven playing field for business.

Business offers plan for reviving the Doha round
Paris, 30 October 2003 The world's leading business organization today appealed to governments to restore momentum to the Doha trade round without delay.

Rogue ship breaks arrest
London, 29 October 2003 Multi-million dollar cargoes are once again at risk of being stolen after a ship operated by an organised group based in the Lebanon broke arrest from Banjul, Gambia, in the early hours of 25th October 2003, warns ICC International Maritime Bureau (IMB).

EU support sought against extra-territorial application of US law
Paris, 27 October 2003 The International Chamber of Commerce wants the EU to exert pressure on the United States government to stop EU companies from being sued in US courts over alleged human rights violations and other offences outside the United States.

"Get real" is business plea to WSIS
Paris, 24 October 2003

Investment crucial to building the information society
Geneva, 19 September 2003 Business is calling for more emphasis on competition and investment as preparations for the United Nations World Summit on the Information Society (WSIS) enter their final phase.

The arbitrator's duty when wrongdoing is sus pected
Paris, 2 October 2003 The dilemma confronting arbitrators when they suspect money laundering, fraud or bribery is dissected in ICC's Book of the Month for October.

"Hands off" is business plea to EU Commission
Paris, 30 September 2003 "If it's not broken, don't fix it" was the business message sent today to the European Commission in response to the proposed revision of the Rome Convention of 1980, which deals with disputes over international contracts.

PDAs pose a serious threat to corporate security
London, 30 September 2003 The ICC's CyberCrime Unit is warning owners of mobile communication devices, such as PDAs (Personal Digital Assistant), to be aware of the serious threat they may pose to corporate data.

Businesses large and small launch campaign to push for renewed WTO talks
Quebec City, 17 September 2003 Chamber of commerce leaders from Europe, North America, Africa, the Arab world, Latin America and Asia today threw their weight behind an ICC-led campaign to urge governments to urgently revive global trade talks.

Business stands up to be counted in Cancºn
Cancun, Mexico 13 September, 2003 As global trade talks entered their second day in Cancun, the combined forces of the assembled world business community threw their support behind the WTO process and warned against expecting unrealistic outcomes.

Conference will delve into arbitration in Latin America
Paris, 10 September 2003 Two ICC arbitration conferences are scheduled next month, focusing on dispute resolution under international construction contracts and arbitration in Latin America.

New brand of piracy threatens oil tankers in Malacca Straits
Kuala Lumpur, 2 September 2003 Gangs of heavily armed pirates using fishing and speed boats have been targeting small oil tankers in the Malacca Straits, according to the ICC's Piracy Reporting Centre.

Business hails Hague jurisdictional treaty draft
Paris, 29 August 2003 The International Chamber of Commerce today said a draft treaty governing jurisdiction in cross-border business contract disputes was shaping up to give a boost to trade.

Kill spam - but not legitimate e-business
By Maria Livanos Cattaui - Singapore, 27 August 2003 Only a few years ago, the Internet was billed as the great leveller that allowed small businesses to reach out to vast markets at negligible cost. All they needed, so we thought, was a product people wanted to buy.

World poll puts Internet jurisdiction under scrutiny
San Francisco, USA, 7 August 2003 Is the Internet being stifled as a business medium by the constant tug-of-war over which country's law applies when disputes arise?

Piracy soars as violence against seafarers intensifies
London, 24 July 2003 Piracy against the world's shipping surged in the first half of this year, with a record 234 attacks reported and violence against seafarers escalating, the ICC International Maritime Bureau said today. Again, waters off Indonesia were the most dangerous.

British companies welcome government report on GM science
London, 23 July 2003 ICC United Kingdom has welcomed this week's UK government report which quells fears that GM technologies represent a risk to human health and pose a threat to the environment.

Make economic integration a weapon against poverty
Vienna, 11 July 2003 Rejecting claims that globalization is increasing poverty and inequality, the Secretary General of the International Chamber of Commerce, Maria Livanos Cattaui, has called for even closer economic integration among nations.

Don't sidetrack ICANN is business plea
Paris, 10 July 2003 The International Chamber of Commerce is opposing imminent moves to create a new intergovernmental organization to manage the Internet domain name system.

EU taxman causes VAT headaches outside Europe
Paris, 2 July 2003 As the European Union this week started imposing value-added tax on electronic products and services supplied by non-EU firms, many small companies outside Europe fear that the levy will compromise their ability to serve EU consumers.

EU Commission ideas for taxing multinationals "almost unworkable"
Paris, 4 June 2003 Company tax experts have lodged early objections to proposals floated by the European Commission to use International Accounting Standards (IAS) as a starting point for an EU-wide tax base for multinational companies.

Industry groups join forces to avert data retention laws
Brussels, 4 June 2003 A coalition of industry groups have joined forces to resist government moves towards mandatory data retention prior to meetings of European Telecommunications and Justice and Home Affairs Ministers this week.

Business wants Doha Round accord on trade facilitation
Paris, 15 April 2003 The International Chamber of Commerce today called for a far-reaching agreement on trade facilitation to be included in the Doha Development Round being negotiated by the World Trade Organization (WTO).

Jurisdictional certainty is essential in international contracts
Paris, 2 April 2003 An unexpectedly large proportion of companies are dissuaded from going ahead with international contracts because of doubts about which national courts would resolve any dispute, an ICC survey disclosed today.

Business heads to e-summit as "key provider of solutions"
Geneva, 17 February 2003 Business is ready to reprise its role as the "key provider of solutions" at the upcoming UN Summit on the Information Society but only if governments play their part, ICC Secretary-General Maria Livanos Cattaui said today.

IMB investigates organised theft of cargo in Eastern Mediterranean
London, 17 February 2003 Multi-million dollar cargoes are at risk of being stolen by an organised criminal group based in Lebanon, an investigation by ICC's International Maritime Bureau (IMB) has found.

Download the Internet edition of the ICC annual report
Paris, 5 February 2003 A web-friendly edition of ICC's annual report, The world business organization in 2003, goes online today detailing plans for this year and outlining achievements of the International Chamber of Commerce in 2002.

High seas terrorism alert in piracy report
London, 29 January 2003 The vulnerability of shipping to terrorist attacks is highlighted in a rep ort on piracy and other criminal attacks at sea issued by the ICC International Maritime Bureau (IMB).

Arbitration expert to preside over new-look international court
Paris, 6 January 2003 Dr Robert Briner has been re-elected by the ICC World Council for a third term as Chairman of the ICC International Court of Arbitration and will preside over the most internationally diverse membership in the court's history.

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