TRADE BASED MONEY LAUNDERING COURSE

TRADE BASED MONEY LAUNDERING (TBML) TRAINING

DURATION:                   

ONE DAY PROGRAMME

TARGET AUDIENCE:      

This AML/CFT training is especially relevant for client facing Commercial Bankers, Trade & Commodity Finance specialists, Customer Support staff, Risk Management analysts and AML Compliance officers

COURSE OBJECTIVES:               

At the end of the training, participants will have enhanced their awareness of AML/CFT issues related to trade and be able to:

  • Identify key TBML Red Flags;
  • Assess the AML risk profile of proposed trade transactions;
  • Advise clients regarding risks with respect to trade and cross-border financial crime;
  • Identify and mitigate abuse of Free Trade Zones and other offshore structures in trade transactions;
  • Spot AML Red Flags in a SWIFT MT 700;
  • Advise senior (risk) management regarding TBML matters

TOPICS:       

Using presentations, group assignments and case study analyses the following TBML  topics are addressed:

  • Basic principles and techniques;
  • Typologies and AML red flags;
  • Investigation tools, such as trade data analysis;
  • Practical examples, such as the Black Market Peso Exchange scheme;
  • SWIFT MT700 messaging and red flags