top of page

Avoiding Fraud: Protecting Your Business in International Trade

Updated: Sep 20



International trade opens up many opportunities, but it also comes with risks, especially the threat of fraud. As businesses expand their reach globally, they need to be aware of the various types of fraud and take steps to protect themselves. This article provides insights and practical tips to help businesses avoid fraud in international trade and safeguard their operations.



Key Takeaways

  • Build trust with international partners by leveraging existing relationships and verifying financial stability.

  • Use technology like encryption services and regular email server audits to protect transactions.

  • Implement internal risk management policies, including clear procedures and dual control for financial activities.

  • Respond quickly to international payment fraud by contacting authorities and using fraud recovery tools.

  • Prevent export fraud by conducting due diligence, using secure payment methods, and building long-term relationships.



Building Trust with International Partners

Want to read more?

Subscribe to thetradeadviser.com to keep reading this exclusive post.

1 view0 comments

Comments


Join the Club

Subscribe today and we will send you weekly tips, market updates, and expert advice to help you grow your business internationally.

We'll tackle those tricky import/export challenges together!

Thanks for submitting!

Industry Reports. Checklists. Weekly Updates

UNLIMTED ACCESS 

Only $7.99

bottom of page