Singapore banks pick MonetaGo to build trade finance registry
16 Jun 22

Singapore banks pick MonetaGo to build trade finance registry

Singapore banks pick MonetaGo to build trade finance registry Financial technology solutions provider MonetaGo has been selected by the Association of Banks in Singapore (ABS) to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud. The TFR serves as a secure database for records of […]
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New guidance from FATF on trade finance money laundering risks
25 Mar 21

New guidance from FATF on trade finance money laundering risks

New guidance from FATF on trade finance money laundering risks (Original article by John Basquill, in GTR) Financial crime authorities are upping efforts to tackle trade-based money laundering (TBML), urging lenders to watch for complex corporate structures or trade flows, circular payment arrangements and inconsistencies in documentation. The warnings feature in new guidance from the […]
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04 Feb 21

Agritrade, Hin Leong, ZenRock, Hontop, Sugih Energy : Frauds in 2020

Agritrade, Hin Leong, ZenRock, Hontop, Sugih Energy : Frauds in 2020 Commodity Finance Fraud In 2020, commodity finance fraud claimed its place as the most popular topic on the GTR website, following several allegations and cases of fraudulent activity that were exposed across Asia and the Middle East. The first sign of trouble appeared in March when Singapore-based commodities […]
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