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...ZenRock
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...
Commodity trades and disputed claims
24-11-22 / by John Basquill
Banks and traders are still trying to claw back lost funds after the collapse of...
Veridapt partners with SGTraDex on secure data sharing
20-09-22 / by Eleanor Wragg
Veridapt, an Australian fintech company, has joined the Singapore Trade Data Exchange (SGTraDEx) as a...
Analysis: ZenRock judgement should prompt rethink on ‘reckless’ traders in double financing frauds
06-04-22 / by Jacob Atkins
In January this year, Crédit Agricole lost a bid before the Singapore International Commercial Court...
Crédit Agricole loses bid to recoup US$24mn lost in ZenRock fraud
19-01-22 / by Jacob Atkins
French banking giant Crédit Agricole has lost an attempt to claw back US$23.6mn it lost...
Singapore regulator to review Envysion risk controls after losses
24-03-21 / by John Basquill
Singapore’s financial regulator is conducting a review of Envysion Wealth Management’s governance and risk management,...
GP Global collapse: Oil trader moves to block minority creditor action
23-02-21 / by John Basquill
Scandal-hit oil trader GP Global, which is currently undergoing restructuring, is seeking court intervention to...
From the editor
02-11-20 / by Shannon Manders
The Asia Pacific region has provided the backdrop to many of our industry’s most significant...
Hong Kong oil traders ‘unable to obtain finance’ after Singapore fraud scandal
21-10-20 / by John Basquill
Two Hong Kong-based oil traders say banks have reacted to the fraud scandal in Singapore’s...