Lenders turned down TMT Metals in 2021, rates ‘made no commercial sense’
08-03-23 / by John Basquill
TMT Metals, one of the traders Trafigura has accused of participating in a “systematic” fraud...Fraud
Trafigura replaces nickel head following alleged fraud
21-02-23 / by Jenny Messenger
Trafigura has named two new co-heads of its nickel, cobalt and lithium trading division, weeks...
Trafigura accuses TMT Metals, others of “systematic” US$577mn nickel trading fraud
09-02-23 / by John Basquill
Trafigura has revealed it could lose more than half a billion dollars after falling foul...
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...
ANZ wins almost US$300mn in damages over commodity finance fraud
20-01-23 / by Jacob Atkins
Australian bank ANZ has been awarded more than US$293.6mn in damages against two Hong Kong...
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...
Five topics that shaped trade finance in 2022
22-12-22 / by GTR
With a weakening economic outlook and geopolitical instability rattling the world’s supply chains and trading...
Banks turn to network tools and anomaly detection to fight financial crime
02-11-22 / by John Basquill
Financial institutions are increasingly using network analytics and anomaly detection tools to identify potential collusion...
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...