The International Trade and Forfaiting Association (ITFA) has announced the creation of the ITFA fraud prevention working group. The global trade finance industry body says the newly created group is being set up as part of ITFA’s fintech committee, with the… Read More ›

fintech
Deutsche Bank studies vulnerability of trade finance to fraud
The vulnerability of trade finance to criminals and protection measures being deployed to counter trade-based financial crime involving fake invoices, fake bills of lading, collateral fraud, and duplicate financing is the focus of a comprehensive insight piece produced by Deutsche… Read More ›
Quantexa’s decision intelligence solutions recognised for TBAML solutions
Quantexa, a London-based fintech providing decision intelligence solutions to help banks, insurers and government organisations to make sound decisions, has been recognised as a category leader for trade-based anti-money laundering solutions (TBAML) in the Chartis RiskTech 100 report. Chartis, which… Read More ›
Designated Russian individuals turning to TBML to evade sanctions
Sanctioned Russian individuals are using a range of methods, including trade-based money laundering (TBML), to evade sanctions imposed on them following Russia’s invasion of Ukraine according to financial intelligence sources consulted by the UK’s Joint Money Laundering Intelligence Taskforce (JMLIT)…. Read More ›
TradeSun launches real-time offering to tackle dual-use goods and Russia sanctions
TradeSun, an artificial intelligence (AI) platform for financial crime prevention and compliance in trade, has launched a real-time offering to detect and intercept financial transactions involving dual-use goods from Russia and Belarus, as well as vessels entering sanctioned areas amid… Read More ›
Surecomp integrates ThetaRay to mitigate TBML and ATM risks for banks and corporates
Canadian fintech Surecomp, which specialises in global trade finance solutions for banks and corporates, has announced a partnership with cyber security and big data analytics company ThetaRay for its detection platform to be live on the Surecomp Marketplace platform. Fully… Read More ›
Komgo and Mitech announce collaboration to guard against fraud and facilitate L/C transactions
Commodity trade finance blockchain platform Komgo and specialist trade finance fintech Mitech have announced a collaboration to allow users to create an immutable document to guard against fraud and falsification. The collaboration will also provide users with straight through processing… Read More ›