Mar.2019 update - Wolfsberg Trade Finance Principles         

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

.Build up a good Risk Based Approach plan for the trade finance and trade services activities.

Course Outline:

. Introduction

. Control Mechanisms • Customer Due Diligence • Name Screening • Activity Based Financial Sanctions • Export Controls

. 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 • Receivables • payables • Bank to Bank Trade loans and

Target Audience:

.Compliance, AML, risk, FI and Trade finance departments

Prerequisites:

.No Prerequisite

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Certificate of Attendance