Crime Distributed Ledger Technology (DLT) Duplicate 
PYMNTS
FEBRUARY 11, 2020
And as financial regulations expand to combat financial crime, many financiers have found trade finance is simply too expensive to underwrite as a result, leading to either higher costs for global traders or banks pulling back from trade finance altogether. . .” Lower Trust, Higher Costs. But blockchain goes further, said Tarone.
Fintech Review
FEBRUARY 25, 2025
Stricter regulations, while necessary to prevent financial crimes, also contribute to slowing down approvals for trade finance transactions. Fraud is another significant concern, as manual processing and the lack of transparency make trade finance susceptible to counterfeit documents, duplicate financing, and fraudulent claims.
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