News and Publications

Trade fraud

Fraud signals and prevention


Fraud schemes are becoming more and more sophisticated as a significant increase in companies suffering from fraudsters occur.


Trade involves cross border transactions, both financial and physical, along with diverse players, languages, jurisdictions and other variables. This makes it attractive to fraudsters and financial criminals.


Your buyer may bluff you before the deal or your buyer may include your deal in foreign trade frauds. It’s vital to stay safe.


Therefore, it is our duty as of responsible trade risk management provider to take necessary steps to mitigate.


All incidents of trade fraud can be divided into two groups:

  • Fraud occurring in the context of a familiar customer.
  • Fraud occurring in the context of a new customer.


Pay attention to the alerting signals and take respective actions.


A detailed trade fraud prevention memo attached.

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