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STSA & Commodity Finance Banks Outline Best Practices for Fraud Mitigation

The Swiss Trading and Shipping Association (STSA) and ten major banks recommend vessel tracking, monitoring, and Bill of Lading verification to prevent fraud and significant losses in commodity trade financing.

After a number of fraud and insolvency cases shook the commodity and trade finance sector in 2020, the Swiss Trading & Shipping Association (STSA) has, for the very first time, published a best practice guide for mitigating risk across transactional financing, governance, and more. Want to know more? Read the full article below and get the guide.

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