.Elevate the knowledge of compliance officers in the field of international trade
.Introduce the TBML to compliance officers, and clarify the misuse of trade finance and also the misuse of trade services products by criminals to launder illicit funds.
.Identify the red flags within trade services or trade finance in respect of TBML.
.A- Module one:
.1-Introduction to international trade
.3-Methods of payment Open account Advance payment Collections (URC522)
.4-How collection work
.5-The parties of collection
.6-Responsibilities of the bank Letters of credit (UCP600)
.7-How letter of credit works
.8-Parties of a letter of credit
.9-Types of letter of credit
.10-Responsibilities of the banks
.11-Payment under a L/C
.12-Special types of letters of credit
.B- Module two:
.1-TBML (trade based money laundering)
.2-Introduction: - Definitions - ML from the two traditional methods to the TBML - Free trade regime Vs. Regulation of Trade
.3-basic techniques of trade-based money laundering
.4-Distinguishing features of the dynamic environment for TBML
.5-Main areas to be focused by Authorities to increase effectiveness in combating TBML
.6-Money Laundering Vulnerabilities of Free Trade Zones
.7-The Wolfsberg Group
.9-FATF's Trade-Based Money Laundering "Red Flag" Indicators
.Officers working in compliance dept. in banks, financial institutions and mega corporate.
.Basic knowledge about trade services and trade finance products (documentary collections, documentary credits).
. Course Attendance Certificate.