Free Trade Agreement (FTA)

A Free Trade Agreement (FTA) is a legally binding treaty between two or more countries designed to eliminate or reduce barriers to trade, such as tariffs and quotas, while simultaneously introducing complex regulatory challenges related to cross-border financial flows, Anti-Money Laundering (AML), Know Your Customer (KYC) standards, and the enforcement of international sanctions. These agreements, which govern trillions of dollars in global commerce, necessitate a high degree of regulatory cooperation and harmonization among signatory nations to prevent the exploitation of liberalized trade channels by illicit financial actors.