Modern Architecture

Trade-Based Money Laundering, Detection & Prevention

KEY FACTS: Trade-Based Money Laundering, Detection and Prevention

 

Hours: 6 Hours 

Date: 6/05/2022 

Time: 9a.m – 5p.m (one hour lunch break). 

Location: Live Online Zoom Webinar

Price: 250 + VAT  (payable in 2 instalments)

CPD: 6 CPD Points awarded 

Award: Certificate of Attendance 

The need for training:

To raise strong awareness of this major area of global but under-estimated scheme of money laundering.

 

Who is this course for? 

 

CEO,s finance institutions of macro, micro finance, Compliance managers (banks and other FI’s), Investment specialists, Wealth management company staff: on-boarding, and account monitoring Internal auditors, Money Laundering Reporting Officers (MLROs), In-house counsel,CFO’s

Course aims: 

Trade-based money laundering is one of the most prevalent yet hidden forms of money laundering. A corporate crime that both disguises and moves billions in criminal proceeds.Therefore, this course is essential for finance professionals, regulators, auditors, investigators, intelligence officers, compliance officers, and operations’ managers. 

Specifically, the course covers business-to-business risk (including cross border business relationships and operations) and how trade-based money laundering is a wheel of organised crime. Equally, the attractiveness and vulnerability of each trade channel, and products used to disguise and move criminal proceeds.

 

The course takes a thorough and practical delivery approach.  We will use presentations, skills, interactive group activities, multi-directional discussions and case studies which differ in involvement and complexity.

 

A full case study will be issued as a ‘walkthrough’ of the program content

 

Course learning outcomes: 

  1. Identify crimes that are the ‘trigger points’ of money laundering, such as fraud and corruption

  2. Handling trade and finance-related documentations and systems which represent money laundering risk

  3. Identifying where and how your  organization has been caught up in trade-based money laundering 

  4. Red flag suspicious activity and indicators of cross border international trade transactions

  5. Managing Everyday issues in business which carry trade- based money laundering risk

 

Course trainer:

Ian Ross, PhD(des) MSC, FCMI, ACFS, PGCE, BA., Head of the Institute of Financial Crime and Compliance (IFCC) 

Course methodology: 

 

Online Zoom Webinar. This method enables the instructor to continuously assess the receptivity of the trainees and to be constantly updated accordingly. During the training, appropriate techniques will be developed and assist the subject of training. The lecture and the regular discussion challenge are the main pillar of the training techniques in this program. In addition, small screenings and demonstrations by the instructor in appropriate places will awaken and keep the trainees in learning vigilance.

 

Course Materials: 

 

The course takes a thorough and practical delivery approach.  We will use presentations, skills, interactive group activities, multi-directional discussions and case studies which differ in involvement and complexity.

 

The learning tools we introduce in the training will provide highly valuable practical use in the organisation

 

Course certificate:

A training Certificate will be awarded to those participants who will successfully complete the training. A certificate of attendance will be given to participants detailing the CPD points awarded. 

COURSE CONTENT

01

 

02

04

03

05

Introduction to Trade Based Money Laundering

Legal

TBML Case Study

Financial Mechanisims 

New and emerging methods of TBML

  • money laundering defined

  • ‘No money, no laundering’ - Predicate crimes? 

  •  Trade-based money laundering. Clear examples and concepts

  • Key money laundering detection skills 

  • Nature and value of payment – ordinary course of business?

  • A brief review of the (applicable) global legal framework 

 

  • Trade Based money laundering risk governance (including sanctions)

  • Appraising a large-scale TBML scenario 

  • Originator; behaviours 

  • Beneficiary: behaviours 

  • Enhanced due diligence and screening

  • Trade finance 

  • Third parties and operation. Vulnerability to compliance risk ‘Product compliance’ risk 

  • Crypto currency

  • Regulation challenges