Moreover, it is difficult to discover and investigate possible illegal supply chain connected activities such as counterfeiting, forced labour, poor conditions in factories, or revenues used to fund war crimes and criminal groups.
Trade finance is haunted by analogue operations. Most processes are still manually programmed and, where digitalisation has managed to penetrate the industry, market uptake has been slow, mostly down to issues with scalability and flexibility which current platforms have not managed to deal with
Typically, this means that time is wasted on unnecessary hand-holding, due diligence and compliance.