Trade Based Anti Money Laundering AML Framework

Trade Based Anti Money Laundering AML Framework

Money Laundering ML is one of the biggest threats to financial institutions and companies in the world. Millions of dollars are spent annually by organizations in managing the ML risks. AML specialists are hired on very high packages around the world, to oversee the compliance culture.

What is Trade-based money laundering (TBML):

TBML is the process of disguising the proceeds of crime and moving value or money using trade transactions to legitimize their illicit origins.

Do you want to learn about Trade-Based Money Laundering TBML, TBML AML/CFT Compliance Requirements, and Risk Management by institutions?

Do you want to learn the examples of TBML activities, and how a financial institution manages the Risks of Trade-Based Money Laundering TBML activities by criminals?

Do you want to learn the regulatory requirements and more specifically the anti-money laundering AML requirements to be complied with by FIs?

This course will teach you the following aspects of Anti Money laundering AML and Trade-Based Money Laundering TBML:

• Money laundering ML, Risks Involved, and its Purpose

• Core risks involved in International Trade System

• Things Money launderers Do In Trade-Based Money Laundering Transactions

• Examples of Trade-based money laundering TBML transactions

• Example of over / under-invoicing and tax avoidance by Group Companies

• Example of business involved in trading and ML activities

• Example of Over-invoicing Imports and Exports, to Launder Money

• Example of Misrepresentation of Quantities in Imports and Exports, to Launder Money

• Risk management framework for TBML 

• Roles and responsibilities of Board of directors and Senior Management

• Policies and procedures to deal with TBML activities

• Customer risk profiling and screening measures (KYC/CDD perspective)

• EDD measures

• TBML Suspicious Transactions Reporting

• TBML Database requirements

• TBML Red Flags or Risk Indicators

• Roles and responsibilities of Trade-Based Money Laundering Reporting Officer (TBMLRO)

• Challenges Faced with Control of Trade-Based Money Laundering

• Quiz MCQs

Why This Course:

Some of the core benefits of attending this course or certification include:

• If you want to work in the Compliance Function, Risk Management Function, Anti-Financial Crime Department. or Anti-Trade-Based Money Laundering Department, then this course will help you in understanding the work requirements.

• After attending this course you will get a certificate of course completion, which shall enhance your job profile

• Get lifetime access and a certificate of completion of this course

How Will You Be Benefitted Through This Course?

This course will help you in your job if you are doing a job in a company or institution, as:

• Compliance Analyst,

• AML Analyst,

• CFT Analyst,

• Trade-Based Money Laundering Analyst,

• Compliance Risk Manager,

• Money Laundering Reporting Officer,

• Deputy Money Laundering Reporting officer,

• Internal auditor,

• Trade operations / branch operations / account opening manager,

• Internal Controls Specialist,

• Risk reviewer, etc.

Thank you.

Trade Based Anti Money laundering course for Compliance, AML Specialists, Trade and Risk Management Professionals

Url: View Details

What you will learn

• You will learn about Money Laundering, Trade Based Money Laundering with Examples
• You will learn about Trade Transactions, Trade Based ML, Regulatory Requirements related to Trade Based Money Laundering for banks and FIs
• You will learn Trade Based Customer Due Diligence, Enhanced Due Diligence (EDD),

Rating: 2.7

Level: Intermediate Level

Duration: 1.5 hours

Instructor: Governance Risk and Compliance GRC