Trade Finance Forum › Forums › Market Regulations › Risk Analysis › Can you elaborate various types of trade finance fraud? › Reply To: Can you elaborate various types of trade finance fraud?
Please understand that trade finance includes both physical and financial international transactions, as well as a diversified set of parties, languages, government units, and other factors. So, I believe that this situation tends to make it appealing to scammers and financial felons of all types. Fraud in financial transactions can manifest itself in a variety of ways. 1. Laundering of funds 2. Authenticity of transactions 3. Impersonation by different parties 4. Showing trades that did not actually take place 5. Outright Cheating in various ways 6. Involvement of Bank Accounts of people not a part of the transactions