Thank you for sharing!

Your article was successfully shared with the contacts you provided.
2022 Alexander Hamilton Awards!

Operating in markets where government regulations restrict currency conversion, cross-border funds transfers, or other aspects of corporate liquidity management can prove challenging for corporate treasury.

As the nonprofit International Fund for Animal Welfare (IFAW) has discovered, “there are disparities in payment standards, settlement systems, and compliance requirements across regions,” says group treasurer John Kluza. “Even in developed countries, there can be a lot of nuances and different data elements required. Then, in the emerging markets, we run into a lot of regulatory issues around transaction codes and central bank reporting, which make payment transaction support rather complex for our three-person global treasury team.”

Organizations’ development of innovative approaches to these types of emerging-market challenges drove the projects that won this year’s Alexander Hamilton Awards in the category Best Practices in Restricted/Emerging Markets. Both of our 2022 award winners overcame such restrictions, and resulting efficiency challenges, to build optimized and efficient treasury processes that comply with local restrictions on cash flows.


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.