CGP Secure Trading
CAPITAL GATEWAY PARTNERS PTY LTD is an AUSTRAC registered Gold Bullion Dealer: 100885613.
CGP’s Commitment to Fraud Prevention in the Commodity Industry
Fraud in the international commodity trade is prevalent, but CGP’s expertise ensures that fraudulent schemes are identified and stopped swiftly. We employ strict due diligence, leveraging our deep industry connections to verify every transaction. Suspicious activity is flagged immediately, and all relevant information is provided to authorities such as Interpol, the FBI, and AUSTRAC, ensuring those responsible are exposed.
Verify a document is from CGP via QR code assistance.
To verify that a CGP document is authentic you may scan the QR code on the document which will take you to a verification page hosted by www.capitagateway.com.au
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Every CGP document MUST be received from the "@capitalgateway.com.au" domain.
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Every CGP document MUST contain the CGP chain-link background without any alteration and this should be clear and sharp without any interruption in the pattern.
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Every CGP document will contain the email address raffael@capitalgateway.com.au or received on WhatsApp from +61488888819
If any of the above points are not correct, the document is likely counterfeit or inauthentic, please contact us to report it.
Examples of Successful Fraud Prevention:
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Cross-Border Oil Deal Fraud Prevented:
Scammers attempted to use forged identities and falsified documents to obtain financial instruments in an international oil deal. CGP detected these inconsistencies early, halting the scheme before any losses occurred. All relevant information was shared with AUSTRAC for further investigation.
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Copper Cathode Hoax Stopped:
A copper supplier failed our strict due diligence checks, which revealed their use of falsified documentation to impersonate a legitimate company owner. Through CGP’s network, we uncovered similar scams from the same source, affecting other buyers. Critical information was passed to Interpol for further investigation, the involved parties were added to an industry blacklist where future due diligence checks will show up the names of the involved persons.
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Illicit Broker Scheme Unraveled:
A group of fraudsters, posing as legitimate businesses, attempted to acquire SBLCs from smaller foreign banks using stolen identities. CGP’s identification of discrepancies in their documentation led to immediate action, with information sent to AUSTRAC and central banking authorities to prevent misuse of these financial instruments. As the broker had a mix of real and fake connections and documents from various sources, careful navigation was required to obtain evidence of the activity without alerting the principal orchestrator.
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Mining Shipment Fraud Discovery:
Before CGP’s involvement, a loader operator at an Australian coal loading port was paid a cash bribe to swap an Ore sample during SGS testing. The ore being loaded was at 15% moisture and the AMSA regulation specified the product must not be shipped if the moisture content was above 11%.
By acting to swap the samples prior to shipping, the seller avoided exorbitant demurrage and re-processing costs. Unfortunately the excess moisture content led to a significant hydrocarbon pressure buildup in the ship’s hold, causing an explosion as the vessel entered Chinese waters.
CGP was called to handle the remainder of the deal and we implemented strict supervision, SGS reporting protocols and real-time in-person monitoring to ensure accurate, transparent sampling and certification. In addition to streamlining the logistics process, de-risking the operation and increasing productivity, CGP prevented further fraudulent activities and incidents for the duration of the contract.
How real is fraud risk in physical commodities?
Fraudulent commodity offers are circulated globally on a daily basis.
They are typically elaborate and daring in nature, often targeting unsuspecting brokers who may believe an offer is real. Less experienced brokers often share these opportunities with legitimate buyers in the hopes of landing a deal. Quite often this becomes a time wasting exercise, or worse, buyers may issue a bank instrument for tens of millions of dollars if due diligence is not absolutely thorough.
The majority of fraudulent operators will initially pose as buyers - seeking proof of product (POP) proof of funds (POF) and other legitimate documentation that may typically be requested by sincere buyers in the verification of a legitimate offer. With these legitimate documents in hand, scammers can alter them, or make representations with them that appear legitimate.
The scammers often create websites and register similar or identical named companies in nearby jurisdictions so that checks with "business registry portals" such as Companies House (UK), ASIC Connect (Australia) and SEC registries (USA) appear legitimate.
The scams become more prevalent and, exponentially more challenging to trace through Chinese, African and South American jurisdictions.
Presenting as a registered company and showing legitimate documentation does not mean an entity is genuine and safe to engage with. Commodity contracts usually start at no less than $10M USD per month, so the reward for a successful scam attracts an never-ending stream of highly motivated individuals and groups who are often interconnected with larger criminal syndicates.
It is commonly noted amongst experienced commodity traders that "Ninety-nine percent of all physical commodity deals are fake".CGP does not accept unsolicited offers or introductions. All business is referral or invitation-based. Every single element of a buyer or seller's offer is thoroughly vetted. Authenticity is at the forefront of every single engagement, it is tested, aggressively and consistently, ensuring confidence and security to all our partners across the globe.