Wolfsberg, ICC & BATF Trade Finance Principles         

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  Export Controls  Limitations

. 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 Transaction Monitoring

Target Audience:

. Trade finance, Compliance, AML and risk dept.

Prerequisites:

. Pre-knowledge about trade finance products.

This course entitles you to attend:

Upon successful completion of this course, participants will obtain: