A lesson of vigilance? – Banamex falls foul of fresh air


When a company's back is to the wall, passing fresh air invoices to their factoring provider usually starts as a one off to get them through a tight period, a temporary lack of working capital, unfortunately it rarely stops there. Citigroup s Mexican subsidiary Banamex are one of the latest providers of receivables financing to fall foul to such fraud. Trfnews looks at how and why invoice fraud is able to happen.


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