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Article: EX-IM BANK ADVANCES KNOW-YOUR-CUSTOMER INITIATIVE, ADOPTS GUIDELINES TO ENHANCE TRANSPARENCY, COMBAT FRAUD, CORRUPTION
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 11, 2008
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The Export-Import Bank of the United States issued the following press release:
The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) has adopted guidelines for Transaction Due Diligence Best Practices, which will improve the transparency and effectiveness of Ex-Im Bank's due diligence policies. The "know-your-customer" guidelines will help the Bank's partners more easily identify the key risk issues the Bank considers in evaluating applications.
The guidelines also will benefit taxpayers by balancing the efficient and timely execution of the Bank's mission - supporting exports to create U.S. jobs - with ensuring that Ex-Im Bank supports creditworthy and ...