Proactive FIB members uncover series of commodity frauds

摘要

Alert ICC Financial Investigation Bureau (FIB) members have been keeping the agency on its toes with several reports of suspicious commodity trades they were seeking clarification on. In all cases the documents submitted were found to be false and the commodities did not exist.rnThe suspect trades involved various fake documents, including a Sale & Purchase contract peppered with 'red flag' terms and phrases such as "First Class World Prime Bank" and a requirement to sign an ICC Non-Circumvention/Non-Disclosure agreement.