Commercial fraud has become more sophisticated, targeting specific industries and adapting to prevention measures. It occurs for reasons such as volatile markets, fast business transactions, and lack of adequate controls. Fraud happens at opportunistic times like month-end or seasonal periods. Companies can manage risk by having detailed credit policies and audit processes, understanding internal and external fraud risks, and implementing safeguards such as thoroughly validating new customers and orders.

1. Commercial Fraud – Your goods and money wanted….. Edward Pacey FICM FACP Director Credit Services EMEA Bell Microproducts