QUESTION Dear Mr. Old Man, I stumbled on one of your blogs and fortunately, I found your email address. I am writing you today hoping to find a definite answer to the question: Does SWIFT MT 103/23 exist at all? Such a question is relevant because as I tried to Google it, a number of sources suggest that the SWIFT …
Beware of MT103/23 – Fraud?
Mr Old Man: 1/ Yes. A finance company can act as a remitting bank under a documentary collec...