INTEL
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Scam patternsbg-monetization

BG/SBLC Monetization

Bank-instrument 'monetization' — a financial-instrument fraud frequently bundled into oil-deal pitches.

BG/SBLC monetization schemes promise to "monetize" a bank guarantee or SBLC into cash or trade finance, often bundled into an oil-deal pitch to explain where a buyer's funds will come from. The structures rely on forged or "leased" instruments plus upfront fees; genuine banks do not lease guarantees to strangers for a fee. Any oil procedure that depends on monetizing a leased BG/SBLC is an advance-fee scheme.

Related: SBLC, MT760.

See also

sblcadvance-fee-fraud

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