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?
I concur that trade finance is appealing to conmen, but it’s also a field where fraud is much simpler to spot and stop. The various types of trade finance fraud are as follows: a) Cheating and criminal trust breaches b) Bogus encasement using forged instruments; c) Unauthorized credit facilities stretched for remuneration or illegal fulfilment; and d) Recklessness and cash scarcities. e) Fraud and counterfeiting f) Inconsistencies in foreign exchange transactions.