Global banks to collaborate on fighting “pervasive” trade finance fraud
15-03-23 / by John Basquill
The International Trade and Forfaiting Association (ITFA) will lead efforts to cut out double financing...Agritrade
UK banks to take action on trade finance fraud in new ICC-led project
08-02-23 / by Eleanor Wragg
The UK’s trade finance banks are joining forces with the International Chamber of Commerce United...
Agritrade executive jailed for 20 years for role in fraud scandal
18-01-23 / by John Basquill
Singapore authorities have sentenced Agritrade’s former chief financial officer to 20 years’ imprisonment for her...
Industry cheers live launch of MonetaGo fraud prevention tool on Swift following ICC UK call to action
26-10-22 / by Eleanor Wragg
Financial technology solutions provider MonetaGo has launched its Trade Financing Validation Service into live production...
ICC UK urges action on digitisation in “wake-up call” over fraud
19-10-22 / by John Basquill
The International Chamber of Commerce United Kingdom (ICC UK) is pushing banks and authorities to...
Standard Chartered, Trafigura complete first transaction on Singapore trade data platform
07-09-22 / by John Basquill
Standard Chartered and Trafigura have announced the successful completion of the first live oil inventory... Singapore authorities say commodity finance “stable” amid growing market concerns
11-05-22 / by John Basquill
A Singapore senior minister says the city-state’s financial regulator does not plan to inject liquidity...
Surecomp fights double financing fraud with invoice checking tool
13-04-22 / by John Basquill
Toronto-based tech firm Surecomp is seeking to tackle attempts at double financing through the launch...
Exclusive: Rhodium insolvency fears sparked by loss of US$580mn insurance cover
15-12-21 / by John Basquill
Troubled commodities trader Rhodium Resources lost insurance cover totalling more than US$580mn last year, leaving...
Swiss banks take on fraud with tough commodity finance standards
03-11-21 / by John Basquill
Ten major banks from Switzerland’s commodity and trade finance sector have finalised a best practice guide...