ICC Report on Global Risks Trade Finance
Latest ICC Official Opinions
- Pitfall of the ICC official opinions and the new ISBP
- Things to do and not to do
- Case studies
Types of Commercial and International Trade Fraud
- Documentary Letter of Credit Fraud
- Commodity Fraud
- Financial Instruments Fraud
- Case studies (court cases)
Risks Involved in International Trade Finance: A Banker’s Perspective
- Low risk because of 3Ss?
- Country risk
- Exchange risk
- Bank risk
- Customer risk
- Court injunction/stop payment order
- Sanction and embargo
- Money laundering and terrorists financing
DC Fraud and ScamsCharacteristics of Fraud/Red Flags
- Documentary Fraud
- Commodity Fraud
- Financial Instruments Fraud
- Case studies
- Warehouse Receipt/Warrant Financing under LC
- Fraudulent Documents
- Double/Triple Financing under the same Warehouse Receipt
- Case studies (recent court cases)
Synthetic LC or Structured Trade Finance
Prevention and Mitigation