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?
May 23, 2022 at 9:36 am
#1060

Participant
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.
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This reply was modified 2 years, 5 months ago by
Carin G Hansen.
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This reply was modified 2 years, 2 months ago by
Carin G Hansen.
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