About International Trade-Based Fraud
While fraud caught during financial and occupational audits are highlighted, international trade based fraud goes largely unreported largely because it seems like hitting a lottery at first, followed by the embarrassment associated with being scammed.
When a company falls victim to fraud, it can face various negative consequences, including financial loss, reputational damage, legal & regulatory consequences, operational disruptions, employee morale & trust issues, increased vulnerability to future fraud, and loss of competitive advantage.
Frauds of extreme nature are sadly capable of destroying companies, families and lives.
This is not about labeling everyone a fraudster, a cheat, or a scammer as there are genuine Buyers / Sellers / Businessess out there, but rather asking:
THREE QUESTIONS
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Why is this offer so fantastic?
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Why is the other party so accommodative?
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Why am I so lucky?