The UK’s trade finance banks are joining forces with the International Chamber of Commerce United Kingdom (ICC UK) in a new initiative to stamp out duplicate financing fraud, a practice that the business organisation says has siphoned “billions of dollars” from the global financial services industry.
https://www.gtreview.com/news/europe/uk-banks-to-take-action-on-trade-finance-fraud-in-new-icc-led-project/