Fraud routinely targets import and export activity, and individual businesses suffer. Your company might, for example, lose money if a seller ships substandard goods or it could get fleeced if it turns out that a shipment doesn’t exist. Part of the problem lies in the document letters of credit (DLC) system that enables banks to pay sellers. If you’re importing goods, research your trade partner and either hire an inspector to verify the shipment or inspect it yourself before authorizing payment. Contact us for more information about protecting your business from fraud.