HKGCC Seminar: What Can Be Done to Mitigate Loss from Collection Failure?

Most exporters and traders are eager to do more business, and often, they skipped the Know Your Customer or KYC process (also known as due diligence). The absence of KYC process is estimated to cause the failure of over 20% of collection cases. Besides, company may be unintentionally involved in money laundry or fraudulent cases if the company does not check its trading partners. In this seminar, speakers will discuss how to effectively use the "Collectability Index" to reduce the failure to recover bad debts.

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