PREVENTIVE MEASURES TO MITIGATE THE RISK OF FRAUD IN LETTERS OF CREDIT TRANSACTIONS IN MALAYSIA
This article attempts to analyse the issue of fraud in letters of credit (LC) transactions, also known as documentary credits. There are numerous reported cases of fraud in LC transactions, which remain a continuing risk. The UCP 600 is a popular standard of practice for banks, which confirms that b...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UUM Press
2021-01-01
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| Series: | UUM Journal of Legal Studies |
| Online Access: | https://www.scienceopen.com/document?vid=967fc3a5-6d16-4244-9a5d-63bea4c9943f |