In China, regulators have tightened their grip on the bill financing sector in the wake of a series of fraud cases. But companies are desperate for a quick risk-management cure.
Amid reports of cyberattacks designed to hack the user end of a Swift software interface, CT checks where risk and accountability align for firms in the event of cyberfraud.
A huge fraud case reported by China’s Bank of Tianjin under its bill financing business has cast a larger shadow over trade finance governance in the country.