Avoiding Fraud in Trade Finance in An International Climate

Trade finance fraud is not a new phenomenon; it is a practice that has been evolving. This 1 day workshop 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 workshop concludes with thoughts and discussions towards better control of fraud and minimization of losses in relation to trade finance.

Programme Objectives

This workshop is to identify 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 Documentary 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 launderer’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

Programme Methodology

Lecture, case studies and Q&A

Target Audience

CEOs, CTOs, CIOs, CISOs, MDs, GMs, IT managers, IT heads, COOs

Trainer’s Information

Olivia Chan was the Awarded Fellow (the highest a grade of membership) by Chartered Institute of Bankers' Council (UK), being give recognition for status in banking profession and commemorating contribution to the important area of banking education.  She has more 25 years of experience in stand-up lecturing and training for foreign universities, training institutes and banks in area of finance, and have trained more than 10,000 participants in various programs.

*Programme is accurate at the time of print

Day/Date: 16 April 2019, Tue

Time: 9:00am - 5:00pm

Fee per pax (incl. GST): S$420.00 (Member )  |  S$530.00 (Non-Member)

Venue : 160 Robinson Road, SBF Center, #06-01, Singapore 068914

For more information, please contact:

Email: josephine.ong@sbf.org.sg (ATTN: Ms. Josephine Ong)

Call: 6701 1135

Administrative Details:

Please email to josephine.ong@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.


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.

4/16/2019 9:00 AM - 5:00 PM

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