TT brief: fraud - business email compromise

If you work in the international supply chain, you are at risk of being unwittingly exposed to many types of payment fraud during the normal course of business. The methods used are often sophisticated and involve the complicity of multiple parties internationally. The proceeds of fraud often feed into other criminal activity such as drug smuggling, people smuggling, modern day slavery and terrorism.

With business transactions and communication handled almost exclusively online in today’s fast-paced digital environment, there is an increased risk of fraud, making due diligence more critical than ever. This document looks at the most common methods of payment fraud in the global supply chain and the preventative measures you can take to mitigate the risk.