Trade Based Money Laundering (Global)

Trade Based Money Laundering is “the next frontier” in international money laundering law enforcement.

As the financial community becomes more experienced in recognising and preventing traditional money laundering methods, such as large cash deposits, criminals have explored other means to scrub their ill gotten gains. Businesses involved in international trade need to be vigilant to ensure their trades are not compromised by criminal elements infiltrating their organisations. Banks need to be aware of the risks to their reputation should their services be found to have facilitated the process of money-laundering. The sheer volume and international nature of trade can create a cloak of complexity and lack of transparency that financial criminals seek to exploit. This course has been designed by subject matter experts to provide an overview of trade-based money laundering (TBML) risks. It introduces the core principles and features of TBML and outlines the various methods and techniques used by criminals. It gives a clear explanation of various TBML typologies and supplies practical insights into how to identify AML red flags.

Who should do this training?

This course is suitable for

• banking professionals, particularly client-facing employees, as well as
• risk management analysts and AML compliance officers across banks and businesses that trade internationally.

 

Specialised Financial Economic Crime Training

We’re proud to collaborate with i-KYC, the internationally respected Financial Economic Crime (FEC) advisory company, to bring you a series of courses on FEC subjects. i-KYC develops premium content using their years of experience in the financial services sector. Combined with our award-winning Salt compliance learning platform these courses will empower your people to take your FEC resistance to the next level

• Sanctions Compliance
• Trade Financing
• Proliferation Financing

 

Course Outline

Module 1: An introduction to trade-based money laundering (TBML) principles

• An introduction to trade-based money laundering (TBML) principles
• Key features of a TBML scheme
• TBML methods and techniques used by criminals

Module 2: TBML typologies and red flags

• Jurisdictions
• Goods/services
• Corporate vehicles and structures
• Trade finance instruments
• TBML and the role of banks