About fraud

BRIBERY IN RUSSIA

Bribery in Russia is a serious issue, as these statistics suggest. More than half of all Russians questioned have to pay bribes. 48% used bribes more than once; 8% have done so only ones in their lives; while 4% are paying bribes on a regular basis. The average bribe... More info >>>

SPECIAL COMPANIES FOR RISKY TRANSACTIONS

To minimise the risk for the main company some businessmen establish separate companies for risky operations. This method is used to protect the main business from any claims and safeguard its reputation and financial stability. Many businessmen operate two or more companies and, depending on the risk involved in each... More info >>>

TRANSPORT COMPANY SCAM

Using the services of an unknown transport company can be risky for the buyers since they can easily lose both the cargo and the money. When the buyer is placing the very first order with a new supplier he can easily become a victim of this fraud. This method... More info >>>

SAMPLES IN THE SHIPMENT – TROUBLES FOR THE IMPORTER

Samples in the shipment can cause serious problems for the importer; especially if they were not ordered and declared. Giving free samples is always considered as a good service provided by the exporter. When two companies are conducting their first shipment, it is very common for the seller to put... More info >>>

I AM NOT THE DECISION MAKER, ASK MY BOSS!

Often a junior manager shifts the decision onto his superior, who it is almost impossible to contact. You can see this behaviour pattern when business went wrong and you have suffered financial losses due to the mistakes made by your counterparty. Many things beyond your control could happen: the documents... More info >>>

DOCUMENTS FORGED AND THE PRODUCT STOLEN

By writing forged phone numbers on the transport documents, the scammers stole products worth one hundred thousand Euros. This scam was uncovered in a district of Moscow. A local businessman purchased several trucks with frozen foods from a foreign supplier. The goods were paid for in advance and the... More info >>>

CUSTOMS CLEARANCE FRAUD

This fraud is used by dishonest transportation and clearance companies to obtain extra payments from their customers. Companies that do not have enough experience in customs clearance or have good contacts with customs, veterinary and other authorities often use the services of third parties to clear the goods. Many... More info >>>

HOW TO IDENTIFY VAT FRAUD

Using the following signs the tax authorities can identify VAT fraud. VAT fraud is well developed in many countries. In our previous publications we have already described some of the methods used by the scammers. Generally, the fraudsters are using the following techniques: The product does not actually exist.... More info >>>

FRAUD AGAINST LEASING COMPANIES

It looks like the scam is relatively easy to implement. Businesses working with expensive building, construction, medical, processing equipment, electronics etc., are on the top of the list in committing this fraud. The fraud works like this. A company wants to get money fast and problem free. The scammers... More info >>>

FAKE BILLS OF LADING: CARGO NEVER UNLOADED

Sometimes cargo disappeared during transportation between small and unknown ports. ICC´s International Maritime Bureau (IMB) is warning banks and shipping operators of a rash of false bills of lading in the Arabian Gulf area and South East Asia. Several recent cases involving fraudulent Bills of Lading point to a... More info >>>

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