Fraud prevention and risk mitigation are among the hottest topics in global trade today. In this podcast, we dive into the key issues impacting financial crime compliance and discuss how digital trade networks can play a role in reducing trade-based fraud. Our distinguished guests in this episode are Kaushika Ruwangalla, Global Head of Financial Crime Compliance – Trade at HSBC and Sebastian Villyn, Head of Risk & Compliance Data at Lloyd’s List Intelligence.
Featuring our distinguished speakers:
Carl Wegner, CEO, Contour
Kaushika Ruwangalla, Global Head of Financial Crime Compliance – Trade, HSBC
Sebastian Villyn, Head of Risk & Compliance Data, Lloyd’s List Intelligence
Moderated by Joshua Kroeker, CPO, Contour
To watch the video recording, click on the media player below.
A breakdown of the topics:
3:25 – Role of banks: What do banks look out for in terms of fraud and sanctions evasion?
7:55 – Data validation and sources of data: How is that built into the risk management process?
12:40 – Role of Contour and digital trade networks: How collaboration can help with the cross-matching of information
18:18 – Whose responsibility is it to get the industry together?
28:50 – How a decentralised network can play a part
30:46 – What exactly is trade-based fraud?
35:20 – How can one be better protected?
39:00 – The future of risk mitigation: How do we resolve this going forward?