Avoiding Fraud in Trade Finance in An International Climate

The Singapore Business Federation Business Institute is pleased to organize a workshop on “Avoiding Fraud in Trade Finance in An International Climate”. Upon completion of the workshop, the participant will be granted an attendance certificate.

Day/Date: 16 August 2017, Wed (Postponed)
Time: 9:00am - 5:00pm
Venue : 160 Robinson Road, SBF Center, #06-01, S068914 (Venue to be Confirmed)
Fee per pax (incl. GST): S$420.00(Member)  |  S$530.00(Non-Member)

Trade finance fraud is not a new phenomenon; it is a practice that has been evolving. The 1-day seminar focuses on the practical aspects of trade finance fraud with particular regard to fraud identification, assessment and reduction techniques. Principles of fraud cases will be analyzed and discussed for decision-making, when dealing with complex trade finance transactions. The seminar concludes with thoughts and discussions towards better control of fraud and minimization of losses in relation to trade finance.

Programme Objectives
This  programme identifies and address the threats, problems and fraud in trade.  Participants will learn from case-studies how to mitigate risks in frauds in relation to trade. 

Programme Outline

1. International Trade Fraud

2. Documentary Fraud - Introduction
    - Types of documentart fraud
    - Common characteristics of documentary fraud

3. The Buyer Lose

4. The Seller Loses

5. The Bank Loses
    - The collateral illusion
    - Loneco - trade finance fraud of the decade

6. Documents in Trade Finance

7. Marine Insurance and the Trade Finance Fraud

8. Money Laundering
    - Money laundering's target

9. Fraud Exception
     - Reasons for Fraud

10. Commodity - Sugar Fraud

11. Fraud and the Uniform Customs

12. Minimizing Frauds

13. Maritime Fraud
     - Charter party fraud
     - Documentary fraud
     - Pre-dated bill of lading
     - Containerisation
     - "Rust Bucket" Vessels
     - Piracy
     - Preventive Measures

Target Audience

• All levels of personnel who work in banks and organizations/ institutions dealing in trade products.

• New  personnel who need to gain sufficient knowledge to conduct their audit and compliance for trade finance effectively

• Officers from import and export, forwarders and trading companies

*  This is an ICC Academy accredited course. 6 PDCs will be awarded at the completion of this programme.
For more information on accreditation, please log on to 

*Programme is accurate at the time of print
Training expenditure qualifies your company for up to 400% tax deductions or up to 40% cash payouts under the Productivity and Innovation Credit (PIC). 

Administrative Details:

Please email to institute@sbf.org.sg to reserve a seat, this will be followed by a confirmation email. 
Upon confirmation, please prepare a cheque to SBF 
(refer to address on above letterhead). 
Cheque should be made payable to “Singapore Business Federation”. Please indicate the Ref No. and company’s name, participant’s name at the back of the cheque.

  • Registration is on a first-come-first-served basis. No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is allowed. We regret that no refund and full fees will be charged for cancellation or non-attendance.

  • Confirmation of your registration will be emailed to your company upon receipt of full payment.

NOTE:  As a precautionary measure, our advice is for members who are unwell not to attend the session.


For more information, please contact:
Email: institute@sbf.org.sg (ATTN: Ms. Josephine Ong)
Call: 6701 1135

*Information is correct at the time of print

All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these event. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for  compelling and legitimate grounds relating to your particular situation, please inform our staff.

8/16/2017 9:00 AM - 8/16/2017 5:00 PM

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