Trade Based Money Laundering

Product Description

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. International trade and trade instruments are often used vehicles to launder criminal money.

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

GRC Solutions is delighted 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 decades of experience in the financial services sector. Combined with GRC Solutions award-winning Salt Learning technologies these courses will empower your people to take your FEC resistance to the next level

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

Customise Course

Do you have a policy or process, or some subject-matter expertise that you would like to add to this course?
Talk to us about ways we can quickly tailor the course to suit your needs.

Enquire

Buy this Course

Buy for individual Buy for company

FEATURED COURSES

Anti-Bribery and Corruption – Global

Globally, governments are looking at ways of reducing the prevalence of bribery and corruption in business dealings through increasingly serious...

Learn more

Anti-Money Laundering – New Zealand

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) is the primary legislation intended to satisfy New Zealand’s...

Learn more

Competition and Consumer Protection – Australia

The maximum penalty for a breach starts at 50 million dollars and can be much greater to reflect the benefit...

Learn more

Discover why so many companies choose GRC Solutions compliance training

"As a subscriber to the GRC Solutions weekly compliance bulletins, the BankVic team has found these a valuable resource for keeping up-to-date with new and changed regulatory and code obligations that affect the mutual banking industry, and how these changes might impact our organisation"

Compliance Manager at BankVic

"The project was extremely positive for both organisations. The GRC Solutions team delivered a visually impactful bespoke learning solution that met HCF requirements… on budget and ahead of deadline."

Compliance Manager at HCF

"I think that this was one of the best modules ever! Whoever created this module should be congratulated over and over. The fact that I have just spoken with a teacher who was having the very difficulties made the module more helpful. Once again thank you."

Pastoral Care, Mercedes College

“The ‘Adaptive’ learning feature is fantastic! It gives learners a sense of control of how they wish to learn and the opportunity to re-confirm/validate their existing knowledge.

The training content is easy to follow, with the use of case studies and relevant scenarios to demonstrate to learners how the content is applied in real life. As a Salt platform Administrator, my experience is made easy with the range of reports available and the patience and support of the GRC Support team, who are always ready and willing to help.”

Learning & Development Specialist at Allied Credit

"I wanted to compliment [GRC Solutions IT Manager] Cody Jones on providing a new customer with an exceptional level of service. Cody is responsive, helpful, no question is a problem and nothing is too much trouble. Cody gives us confidence combined with a pleasant personality which makes our Salt experience so much more manageable and enjoyable."

Risk, Safety & Compliance Officer, Mercy Education Limited

Clients that rely on us

Awards

OUR TROPHY CABINET

GRC Solutions’ team of legal, educational and technology specialists, working in partnership with our clients, win multiple awards, including Best Compliance Training Project at LearnXLive every year for over ten years. Imagine what we can do when we work with you!