Guide protects profession from fraud swindlers

Trade Finance Fraud

produced by the ICC’s Commercial Crime Services department includes case studies demonstrating the techniques fraudsters use to cheat victims of millions of pounds, euros and dollars through ‘phoney documentation, non-existent consignments, containers packed with worthless rubbish and a multitude of other devices’.

The key lesson of the book is that increasing the number of documents to control processes does not reduce the risk of fraud; ‘Independent verification of a few key documents does’.

The booklet available is available from ICC Books

Related reading

aidan-brennan kpmg
The Practitioner