National Commercial Bank Jamaica Simplifies SWIFT Code Transfers

National Commercial Bank Jamaica Simplifies SWIFT Code Transfers

This article details the SWIFT code usage rules for the National Commercial Bank of Jamaica (NCBJ), emphasizing the importance of using the correct SWIFT code for cross-border transfers. While the main SWIFT code is JNCBJMKXXXX, it is recommended to confirm the specific branch code with the recipient or the bank to ensure accurate and error-free remittance. Using the correct branch code minimizes the risk of delays or misdirected funds when sending money to Jamaica.

Timorleste Updates Customs Tariff with WCO Backing

Timorleste Updates Customs Tariff with WCO Backing

At the request of Timor-Leste, the World Customs Organization (WCO), through the WCO-Norad project, provided technical assistance to support the country's tariff update from HS 2012 to HS 2017. This initiative aims to enhance Timor-Leste Customs' commodity classification capabilities, integrate into the ASEAN Economic Community, and promote trade facilitation and economic development. The project encompassed tariff assessment, gap analysis, training guidance, and system upgrades, contributing to the modernization of Timor-Leste Customs.