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Geoffrey Wynne was interviewed together with Claudia Hussy, Head of Trade Finance Unfunded Product Management & Automation Lead, Deutsche Bank and Chris Southworth, Secretary General ICC UK by Clarissa Dann, Editorial Director, Deutsche Bank for Trade Finance TV. The interview discussed: How Can We Reduce Trade Finance Fraud?

Fraudsters love trade and trade finance is particularly exposed to their attentions. Taking advantage of the trade industry’s reliance on document-based processes, they use techniques such as fake invoices, fake or cloned bills of lading, collateral fraud and duplicate financing to get the better of banks and their clients.

The discussion focuses on the tell-tale signs to look out for, what more can be done as we digitalise trade finance to make it harder for fraudsters to penetrate daily transactions and the interviewees give examples of trade-related fraud and the measures available to stay one step ahead of the criminals.

To watch the video in full click here, and for further information, please click here.