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Warning Letter

A warning letter has been issued to all parties in the commodities industry regarding new measures for Buyers and Sellers, effective immediately. Any false or unverifiable transaction documents will lead to reporting to authorities like the FBI and INTERPOL, and timely responses to Commercial Invoices are mandatory. Non-compliance or misuse of documents will be treated as a federal offense, with penalties including a 2% charge on the total contract value for non-performing parties.

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58 views1 page

Warning Letter

A warning letter has been issued to all parties in the commodities industry regarding new measures for Buyers and Sellers, effective immediately. Any false or unverifiable transaction documents will lead to reporting to authorities like the FBI and INTERPOL, and timely responses to Commercial Invoices are mandatory. Non-compliance or misuse of documents will be treated as a federal offense, with penalties including a 2% charge on the total contract value for non-performing parties.

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dg.grupo.bmp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Warning Letter

IMPORTANT NOTICE

To all parties involved in the commodities industry, please be advised of the new measures
affecting Buyers and Sellers during transactions.

Effective immediately, if any document such as an ICPO (Irrevocable Corporate Purchase


Order), LOI (Letter of Intent), RWA (Ready, Willing, and Able), or BCL (Bank Comfort Letter) is
found to be false or unverifiable, the Seller will have the authority to report the incident to the
FBI, ICC (International Chamber of Commerce), and INTERPOL. Furthermore, upon receiving a
CI (Commercial Invoice), Buyers are required to respond promptly and formally in accordance
with the agreed terms.

Failure to respond in a timely manner will result in the Buyer being reported to the
aforementioned authorities. Sellers who repeatedly engage in the misuse of documents such as
NCND (Non-Circumvention, Non-Disclosure Agreement), LOI, ICPO, RWA, or BCL will also face
similar consequences for abuse, as this is now classified as a federal offense.

It is crucial to disseminate this information to all clients and providers associated with ICC, FBI,
and other international regulatory bodies. Strict enforcement of international codes will now be
upheld to eliminate any parties submitting false information. Submitting fraudulent
NCND/IMFPA (International Master Fee Protection Agreement), LOI, ICPO, RWA, BCL, FCO (Full
Corporate Offer), false Proof of Product (POP), or false Proof of Funds (POF) will be considered a
criminal act.

This regulation has been in effect since November 15, 2008, following a collaborative meeting
between the Federal Reserve, European Central Bank, INTERPOL, FBI, and CIA. The primary aim
of this measure is to safeguard the commodities industry, a vital component of the global
economy.

• By acknowledging this letter, you confirm your understanding of the severity of these
regulations and the significant impact on all transactions involving oil and other
commodities.
• Penalty Clause: Non-performing parties will be liable to pay 2% of the total contract
value agreed upon.

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