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UK strengthens finance industry against duplicate financing fraud

By Puja Sharma

February 08, 2023

  • API
  • Banking fraud
  • Financial Fraud
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Duplicate financing is defined as fraud by which fraudsters get the same transaction financed multiple times. Today, a fraudster can go to multiple banks and have the same trade financed, without the banks having the ability to cross-check. Regulation around confidentiality hinders banks from sharing information on deals they have financed with other banks The […]

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