Standard Chartered Bank has more chance of taking possession of assets attached to alleged Indian gold and diamond fraudster, Jatin Mehta, after a judge in the UK high court restored four suspected shell companies. The bank was one of several… Read More ›
The UAE has launched a blockchain-based trade finance platform aimed at curbing double-financing and misinvoicing. UAE Trade Direct then intends turning to other key areas of trade finance, such as digitalising bills of lading and e-invoices and, in time, expects… Read More ›
A new report published by Global Witness (GW) claims to show that Libya continues to lose millions of dollars a year through the fraudulent use of its letters of credit (LC) system run by the Central Bank of Libya (CBL)…. Read More ›
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 ›