Key Details

Duration: 3 Hours
Available: None Scheduled

Overview

Global trade is a huge industry that involves projects and counter parties around the globe. Financial institutions play a major part in providing the financing which underpins global trade, and this is Trade Finance.Trade Financing itself can be simple or complex, but in all cases, it provides significant opportunities for...

Global trade is a huge industry that involves projects and counter parties around the globe. Financial institutions play a major part in providing the financing which underpins global trade, and this is Trade Finance.

Trade Financing itself can be simple or complex, but in all cases, it provides significant opportunities for Money Laundering and Terrorist Financing activities. Compliance Officers who’s remit includes Trade Finance must be clear as to what those risks are, how they can crystallise and how to prevent and detect such breaches. This case study based course covers the most commonly used Trade Financing methods, their attendant Money Laundering and Terrorist Financing risks and how to combat them.

Who is this for?

The course is designed for Compliance and/or Audit staff within FCA-authorised firms who are involved in identifying and controlling AML and CTF risk. It is particularly suitable for junior Compliance staff (typically those with 1-3 years of experience) who wish to further develop their knowledge and professional skills.

  • Overview of Trade Finance including most common activities
  • Trade Finance Money Laundering and Terrorist Financing typologies
  • Red flags
  • Checks and controls

After attending this course, you will be able to:

  • Describe the main types of Trade Finance
  • Identify and explain the main typologies
  • Identify red flags in real life cases
  • Create appropriate checks and controls.