Overview of International Trade and inherent risks

Risks Associated with International Trade & Victims of Trade Fraud

• Difficulties Associated with International Trade
• Assess country risks and PEST control
• Customer Risks –Know your business and Know you Customer’s customer
• Risks to Buyer –Insolvency, Capital Control
• Risks to Seller Bankruptcy, Devaluation and exchanges
• General Risks – Transportation and Insurance
• Advance Payment Risks
• Risks in different type of Letters of Credit
• Documentary Collection Risks
• Letter of Credit Risks
• Open Account Risks
• Bankers Guarantee & Standby LC Risks

How to Mitigate the Risks Associated with International Trade – ECICS, ECGD

Trade Fraudster – Who are they?

Navigating the Hidden Risks in International Trade – Victims of Trade Fraud

• Importers
• Exporters
• Financial Institutions
• Third parties

By the end of the workshop, you will:

• • Have a practical understanding of the inherent and hidden risks and frauds in International Trade
  • Understand what trade fraud is and the motivation behind it
  • Know how to take preventive measures to mitigate risks in frauds in relation to International Trade
  • Learn practical pointers on how to mitigate these risks
  • How to limit and deal with discrepancies in the documents

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are available in the training room to charge your digital device.

• Accounting and Finance Professionals
• Auditors
• Banking Professionals
• Business Managers
• Anyone interested in understanding and managing the risks arising from International Trade

Richard Yeo

Richard has been involved in teaching, training and consultancy in various institutions and organisations for over 30 years. He is able to provide real life examples which he draws from his rich management experience.

Richard was formerly a Deputy General Manager (Head of Operations and Head of Compliance) in a Japanese bank. His role included overseeing Loans Administration, Back-office settlements, Remittances (Fund Transfers), Office Administration (including Accounting and HR function) and Telecommunication (Including the Global Cash Management Systems) and the setting up of the Compliance Section. He had also held various management positions in HL Bank, Armco Pacific Limited and JP Morgan.

Richard subsequently joined Kenwood Asia Headquarters to oversee the five subsidiaries in their operations (ROCA) before he was headhunted by Sapphire Corporation Ltd as a Consultant. His role as a consultant was to source for facilities and funding from banks to support in the numerous projects. One such project was a US$72.8 million Collar Finance and US$15 million Letter of Credit Facilities.

Richard has an MBA and several professional qualifications, and enjoys sharing his knowledge and exchanging pointers with participants. He is a highly sought-after Trainer in Trade Finance, and was an invited speaker for a Commercial Affairs Department’s seminar on “Risks and Frauds in Import/Export Procedures”, attended by Officers in ASEAN and Singapore.