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Geoffrey Wynne and Robert Parson were quoted in an article titled "Know Your Fraudster: Why the Old Risks Still Shape Modern Trade Finance," published by Trade Treasury Payments (TTP) summarising a recent Breakfast Club session jointly hosted by TTP and Sullivan & Worcester on April 22 at The Lansdowne Club in London. The seminar, "Can We Beat the Fraudsters In Our Trade Finance Transactions?," featured Geoff as the panel moderator and Robert as one of the panellists, and brought together market participants to examine the persistent challenge of fraud in trade and receivables finance.

The article describes how trade finance fraud, while relatively rare, poses a significant and evolving challenge that cannot be fully eliminated but can be mitigated through stronger coordination, improved data sharing, and layered risk controls across the industry. It highlights how fraud impacts SME lending, the growing sophistication of fraudsters—especially with AI—and the importance of ongoing monitoring, legal safeguards, and insurance solutions, while emphasizing that information asymmetry and lack of collaboration remain key barriers to effectively reducing risk.

The article can be read in full here.