Combating Financial Crimes in Trade Finance         

By the end of this course you will be able to:

. Elevate the knowledge of trade finance specialists in the area of identifying and minimizing the risks that they may be subject to, in respect of financial crime (money laundering).

. Helping and guiding AML and compliance officers to build up a good Risk Based Assessment plan for the trade finance and trade services activities within the bank.

Course Outline:

. Trade Finance Principles  Introduction  Control Mechanisms • Customer Due Diligence • Name Screening • Activity Based Financial Sanctions

. Escalation Procedures • Introduction • Three Lines of Defense • Application

. AML guidance on the specific application of controls by Banks in the context of Documentary Credits (DCs), Bills for Collection (BCs), Guarantees and Standby Letters of Credit and open account trade. • Due Diligence • Review (risk indicators) • Screening

Target Audience:

. Branches, head office and trade services staff.

Prerequisites:

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Certificate of Attendance