Trade finance
Red flags include:
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Import or export of items at prices above or below normal market rates
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Changes to letter of credit beneficiary just before payment is made
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Change to the place of payment to an account in another country to the beneficiaries stated location
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LOC is not in line with customer business
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LOC is for goods not in demand in the importing country
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LOC is for goods that are not produced in the exporting country
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Commodities are shipped through locations without an apparent economic or logistical reason
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