Association of Banks in Singapore launches trade finance registry to counter trade finance fraud


SINGAPORE, June 24 (Bernama-Xinhua): The Association of Banks in Singapore (ABS) on Friday (June 24) launched an industry utility that will securely maintain a centralised record of trade finance transactions in Singapore, according to a media release from ABS.

Launched at the ABS's 50th-anniversary dinner on June 23, the Trade Finance Registry (TFR) is supported by key trade financing banks in Singapore.

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Singapore , ABS , Trade Finance Registry

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