About fraud
WHAT MAKES A GOOD MIDDLEMAN?
Working through a middleman is not always a bad idea. Often both the exporter and importer can benefit from working through a trading company.
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BUILT-IN DISCREPANCY IN THE L/C
This is a method used by dishonest companies for not honouring the L/C or to negotiate price reduction.
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BROKEN PROMISES TO SELL
This type of behaviour always creates a great deal of trouble for importers and can cause the loss of reputation and good name.
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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.
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UNFAIR CLAIMS
Dishonest buyers often make unfair claims to receive price reduction from the seller or pay nothing for the goods at all.
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REPRESENTATIVE SCAM
Scammers can ask you to become their representative in your country and assist them with forwarding of the payments from their customers.
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DELAY WITH PAYMENT
When a buyer does not stick to the payment schedule, he can delay receipt of the original documents.
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ONE BILLION EURO L/C
Fraudsters were planning to get considerable sums of money using fake documentation.
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