International Commerce Exchange
What is an Intermediary Bank?
An intermediary bank serves as a facilitator on behalf of the sending bank to process international financial transactions. For final payment instructions, you must provide the details of the beneficiary (receiving) bank, not the intermediary bank, to ensure the funds are properly directed to the intended recipient.
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Global Network
Our extensive global network connects financial institutions around the world, facilitating seamless international transactions and providing comprehensive banking solutions to meet diverse needs.
ABOUT US
Our Mission
At International Commerce Exchange, our mission is to strengthen the U.S. economy and stabilize the financial system for all segments of society.
We accomplish this through the implementation of monetary policy, the provision of financial services, the supervision of banks, and by offering thought leadership on issues that impact the nation and the communities we serve.
More About Us
+20
Years of ExperienceGlobal Funds, Seamless Solutions
Facilitating Fund Transfers: We support the efficient movement of funds between sending and receiving banks, especially when direct banking relationships are not in place.
Settlement Services: We manage the secure and timely settlement of financial transactions, ensuring accurate exchange of funds and securities.
Check Clearing: We process interbank check transactions, guaranteeing the proper debiting and crediting of accounts with precision and reliability.
Wire Transfers: We enable fast, secure electronic fund transfers between financial institutions, both domestically and internationally.
Currency Exchange: We provide currency conversion services essential for global trade and cross-border transactions, ensuring competitive rates and timely execution.
Combatting Financial Crime
Empowering Growth, Combating Crime: Together for a Safer Future
Combatting Financial Crime
While financial systems have the potential to improve lives, they can also facilitate harmful activities such as terrorism, trafficking, and corruption. At International Commerce Exchange, we recognize our unique opportunity to promote sustainable growth in our markets, which gives us a vital role in the fight against financial crime.
Our Leadership in the Fight
We are enhancing our defenses through rigorous compliance measures and fostering a culture where combating financial crime is integral to our daily operations. Our efforts extend beyond our organization; we collaborate with banks, governments, and regulators worldwide to raise industry standards and develop innovative strategies to thwart criminal activity.
Understanding Financial Crime
Financial crime is a significant source of revenue for international criminal organizations. Learn more about the common types below.
Money Laundering
Money laundering disguises illegal funds as legitimate, generating an estimated $5.8 trillion annually for criminal organizations.
Fraud
Fraud involves intentional deception for financial gain, resulting in losses or potential losses for others. Join us in the fight against fraud.
Human Trafficking
Human trafficking and exploitation constitute a vast and complex global industry, generating approximately $150 billion in illegal profits each year.
Illegal Wildlife Trade
The illegal wildlife trade threatens biodiversity and is linked to cross-border organized crime, fueling corruption, violence, and poverty.
Terrorist Financing
Money is crucial for terrorist activities, including training, recruitment, facilitation, and support for terrorist groups.
Bribery and Corruption
Bribery and corruption are illegal and dishonest practices that severely harm affected markets and communities.
How We Work
How International Commerce Exchange Operates
As a correspondent bank, we act as intermediaries between various financial institutions. We provide treasury services to facilitate transactions between sending and receiving banks, especially those located in different countries. Our services include:
