Policy & Compliance
“ I have seen three short fi rm frauds in this industry [freight forwarding] in the last month and one of them involved mangoes from Pakistan/ Bangladesh. It is rife and innocent suppliers ought to be warned again – Fraud expert
• No record of them ever importing or exporting previously on the HMRC Traders’ website. • They have had directors leave and a new director confirmed. The new director is listed by credit checking agencies as of Belgian origin. ‘Due diligence’ checks As we have said earlier, most businesses are legitimate, but as this case highlights, by having good ‘due diligence’ checks in place the Member believes that it has avoided being the victim of a scam for the second time. BIFA discussed this matter with a contact specialising in industry- related fraud who commented: “I have seen three short firm frauds in this industry [freight forwarding] in the last month and one of them involved mangoes from Pakistan/Bangladesh. It is rife and innocent suppliers ought to be warned again.” This crime is very easy to commit; the only failsafe is to insist on seeing the latest edition of the trader’s accounts.
business in late 2023 and what is being offered now: • They only want us to handle the airfreight. No collection at destination and Customs clearance or delivery at destination. • Both request quotes to various
locations not just the UK. • Contact came to us without previous connections. • Large volumes of cargo. • Accepted our quote with no questions. • Both importing fruits, especially mangoes
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December 2024 | 17
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