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Company X is located in Syria and is operating in the textile industry. It contacted a Saudi company in order to import some materials from
Company X is located in Syria and is operating in the textile industry. It contacted a Saudi company in order to import some materials from them. The Saudi company approached the bank for financial advice. Therefore, the bank warned the Saudi company from conducting any sale transaction with Company X even if it provided a letter of credit. Identify and define the type of risk that the bank is alerting the Saudi company about?
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