International Trade & Trade based Money Laundering (TBML) Masterclass
We provide platform for Public training, In-house, to all clients and individual who seek to learn and educate.
Course Overview
International trade and trade instruments have important features that make them potentially attractive vehicles to launder criminal money. Trade-Based Money Laundering (“TBML”) is recognized by the FATF as one of the three main methods by which criminal organizations and terrorist financiers move money for the purpose of disguising its origin and integrating it back into the formal economy. Hence, it is important for Banks to identify the risk areas in their trade finance activities and determine whether the controls in place are robust to mitigate ML/TF risks.
The course covers all aspects of Financial Crime Compliance (including the regulatory framework) with particular regard to Trade Finance (principles and core products), Correspondent Banking, International Payments, Global Cash Management, their associated compliance risks, and the suspicious money laundering/sanctions violation activity red flag indicators of each. In our masterclass, we will Emphasis on TBML is early warning signs, which are explained in-depth to help the participants to detect fraudulent activities.
BENEFITS OF ATTENDING
- Various trade finance products
- Measures and best practices to TBML
- Assess the AML risk profile of proposed trade transactions
- Financial crisis: how did trade finance structures hold up?
- International trade risks in emerging markets
- Financial Action Task Force & Wolfsberg Committee
- Parties involved in different trade products
- Trade-based money laundering risks and trends
- Challenges to countering trade-based money laundering
- Identify and conduct a risk assessment related to TBML
- Common trade-based money laundering techniques
- Misuse of an existing trade chain to move funds for terrorists
- Monitoring – red flags, “eye balling” of documents, automation (pre/post-transaction)
WHO SHOULD ATTEND
- Trade Finance Team
- Wholesale Banking
- International Traders
- Accountant
- Operation team in Trade Finance
- Supervision/Regulation
IN-HOUSE
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office by offering our classroom program or LIVE Online. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
Top Quality
From the Boardroom to the front line, we can deliver engaging, multi-faceted learning programmes that will nurture the skills needed to fast-track development and enable teams to flourish.
Best Way
We combine the right blend of formal, informal, online and classroom techniques to increase your employees’ knowledge retention, drive collaboration, and create social learning communities.
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Trusted Clients
Amazing Experience
"We worked with BIZENIUS for our Fresh Graduates Program thru one of our clients. I must say that they are simply amazing. At each step of the sessions, Knowledge Transfer and Practical Learning were emphasized upon, with daily evaluations to verify learning. Happy to say that we are so happy that our partners chose BIZENIUS to deliver this critical session for us. Looking to work together in future."
Sustainable Relationship with BIZENIUS
“It is always a pleasure to work with BIZENIUS. We have been partnering with BIZENIUS since 2016 and we see improvements with each session. The courses are highly Interactive, and their lecturer’s makes it easy to understand the materials. We look forward to working with BIZENIUS on a variety of courses. We are happy with the way this relationship has evolved.”
Practical Approach, Hand on Learning.
“BIZENIUS organized NEBOSH Oil and Gas Certificate for us. The sessions in the preparatory training were well complimented with real life case studies and practical examples. We enjoyed the 5 days training session leading up to the examination. Everything was organized with meticulous details to ensure a great learning experience and success at the examination. Thank you.”
Relevant and Well Organized.
“The training was very well organized. The content was very relevant to my role. The interactive discussion was encouraged, and the trainer was also very knowledgeable of the subject matter. I would recommend this training to all who are involved at some stage of Risk, ICAAP or ILAAP.”
