Tommy Hartono 吕恩豪

Tag: Letter of credit

  • Day 161: Letter of Credit

    Day 161: Letter of Credit

    —

    by

    Tommy Hartono
    in

    #QuickBiteCompliance Day 161 The Hidden Risks of Letters of Credit: How Criminals Exploit This Financial Tool Imagine you own a toy store and want to buy 1,000 teddy bears from a factory overseas. You don’t know the factory owner personally, so you ask your bank to issue a Letter of Credit (LC). This is like…