UBA America Now Offering U.S. Dollar Clearing
“We are happy to announce that the correspondent banking offering of UBA America to our Financial Institutions customers across Africa has been expanded to include U.S. Dollar clearing.
UBA is the only sub-Saharan African bank with a banking license in the US and the only African bank regulated by the US OCC (Office of Comptroller of Currency). UBA’s presence in the US gives us membership of the U.S. Federal Reserve Clearing system as a result of which, UBA is the only sub-Saharan African bank with the unique ability to clear and settle US Dollar denominated payments without use of an intermediary bank.
At UBA America, we serve Corporates, Sovereigns, Development and Multilateral Institutions and, African banks. We are the US$ bank for African banks, and we have provided correspondent banking services to African banks for more than three decades, through our sophisticated bouquet of products, which include trade finance and treasury solutions.
UBA America operates in a highly regulated environment and, we place a high premium on compliance with all regulatory provisions, particularly as they relate to BSA/AML/CFT due diligence and sanctions screening.
To learn more about this product and other correspondent banking services we provide at UBA America, kindly contact our relationship management team at email@example.com.”
You may also be interested in
Presecans top 2020 UBA Foundation National Essay Competition; Winner bags $5,000 Grant for Tertiary Education
Presecans top 2020 UBA Foundation National Essay Competition; Winner bags $5,000 Grant for Tertiary Education Two students from the Presbyterian Boys Senior High School (PRESEC,
Students win 10,000 dollars worth of scholarship from the 2020 UBA foundation national essay competition
Students win 10,000 dollars worth of scholarship from the 2020 UBA foundation national essay competition Hafeez Othman Taqi and Jesse Nicky Kamara of Sierra Leone
Winners Emerge in UBA Foundation’s National Essay Competition Congratulations to Eshiet Abasiekeme of Bright Stars Model Secondary School, Uyo for coming in 1st place in
UBA Foundation’s National Essay Competition 2020 brings out the finest young creative writers in a challenging year 10 out of 12 are girls Lagos, November