Invisible cargo, visible risk: The new reality of detecting trade finance fraud

Fraud in international trade once involved swapping out cargo, misreporting shipments, or falsifying the port of call. For today’s breed of fraudster, however, the manipulation lies within the documents themselves. According to data from the International Maritime Bureau (IMB), the number of suspicious documents identified by by its worldwide banking membership was 17.3% higher in Q1 2025 than it was in Q1 2024, which itself was 12.3% higher than Q1 2023.To learn more about how fraud is evolving in trade finance and what the industry can do about it, Trade Treasury Payments (TTP) Editorial Director Deepesh Patel spoke with David Cuckney, Assistant Director of the IMB.https://tradetreasurypayments.com/posts/podcast-invisible-cargo-visible-risk-the-new-reality-of-detecting-trade-finance-fraud 

There are no comments yet.

Please log in to write the first comment.