Introduction to Trade Based Financial Crimes

This course provides 3 hours of introductory training on the following topics: AML, Sanctions, Fraud, Counter Terrorist Financing, Tax Evasion, Export Compliance, Enforcement, KYC, Trade Based Due Diligence, Red Flags and Dual use Goods.

Course overview

Module 1: Overview of Financial Crimes

Module 2: Anti Money Laundering (AML) and Combating Terrorist Financing (CTF) in a Trade Finance context

  • Introduction – Role of Policy and Procedures for Financial Crimes prevention
  • Money Laundering and Terrorist Financing – Definitions and Nature
  • The International Context
  • AML and CTF Frameworks
  • Vulnerabilities of Products

Module 3: Customer Identification, Customer Risk Profiling and Monitoring

  • Customer Due Diligence (CDD)

Module 4: Sanctions

  • Sanctions

Module 4: Designing a Comprehensive AML and CTF Framework

  • Concepts of Risk Management
  • Risk-based approach to AML and CTF
  • Escalation and Exit Strategies

Module 5: Governance and Leadership

  • The AML Governance framework
  • Management issues for AML and CTF policy
  • Culture and training

Module 6: Suspicious Activity/Suspicious Transaction

Reports and Dealing with the Authorities

  • Transaction monitoring
  • Recognition, Handling and Reporting transactions
  • Post-reporting considerations
  • Dealing with the authorities

Module 7: Fraud

  • Fraud