The Problem: Fraud Thrives
Where Visibility Ends.

Cross-border agri-trade operates across fragmented systems with limited shared visibility. Identity checks
are inconsistent, documents are manual, and financing decisions are often made before goods move.
These gaps enable misrepresented counterparties, forged documents, and phantom shipments — with
risks discovered only after capital is deployed.

Fraud persists not because trust is missing, but because trust isn’t measurable or continuous.

Limited Visibility Across Borders.

In most cross-border trades, buyers, sellers, logistics providers, and financiers
operate in different countries, legal systems, and data silos.

Fraud Risk

Fake counterparties, falsified documents, and misrepresented shipments often go undetected
until it’s too late.

Reason For Fraud

  • No single party has end-to-end visibility of the trade.
  • Information is fragmented across emails, PDFs, and intermediaries.
  • Verification is often based on trust, not real-time evidence

Identity & Entity Verification Gaps

Many agri-traders are SMEs operating in regions where:

Fraud Risk

Shell companies, impersonation, and recycled business identities are common — especially in first-time cross-border relationships.

Reason For Fraud

  • Company registries are inconsistent
  • Digital identity standards vary widely
  • Manual onboarding dominates

Document-Heavy, Manual Processes

Fraud Risk

Document forgery, double financing, invoice manipulation, and shipment substitution thrive in paper-based workflows.

Reason For Fraud

Cross-border agri-trade relies heavily on

  • Invoices
  • Bills of lading
  • Certificates of origin
  • Inspection reports

These documents are often

  • Manually generated
  • Reused across multiple transactions
  • Easily altered or duplicated

Physical Goods, Delayed Proof

Agricultural commodities move slowly across borders and oceans.

Fraud Risk

Phantom shipments, under-delivery, quality substitution, and false confirmations are difficult to detect in real time.

Reason For Fraud

  • Payment decisions are often made before delivery
  • Quality and quantity verification happens after shipment
  • Disputes arise long after capital is deployed

Asymmetric Information Between
Traders & Financiers

Banks and financiers typically

Fraud Risk

Capital is extended against paper confidence rather than trade reality, increasing exposure to trade-based money laundering (TBML) and default fraud.

Reason For Fraud

  • See only documents, not the underlying trade behavior
  • Lack visibility into trader history across markets
  • Rely on static balance sheets instead of live trade data

Lack of Standardized Trust Signals

Today’s global agri-trade ecosystem lacks

Fraud Risk

Each transaction is treated as an isolated event, allowing repeat offenders to move undetected across markets and platforms.

Reason For Fraud

  • A common trust framework
  • Comparable risk signals across trades
  • Transparent, explainable credit and trust metrics

High Impact of a Single Fraud Event

Fraud Risk

The cost of fraud is not just financial — it erodes confidence in cross-border trade itself.

Reason For Fraud

In agri-trade

  • Margins are thin
  • Volumes are large
  • Timelines are long

A single fraudulent transaction can

  • Wipe out months of profit
  • Break long-term trade relationships
  • Trigger regulatory scrutiny or blacklisting