Join us this week where we talk about how fraudsters love trade and how trade finance is particularly exposed to their attentions. They take advantage of the trade industry’s reliance on document-based processes, using techniques such as fake invoices, fake or cloned bills of lading, collateral fraud, and duplicate financing to get the better of banks and their clients.
What are the tell-tale signs to look out for, and what more can be done as we digitalise trade finance to make it harder for fraudsters to penetrate daily transactions?