Wolfsberg, ICC, BAFT Trade Finance / AML-Compliance Requirements          Download Brochure

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:

.A- Introduction

.B- Control Mechanisms

.1-Customer Due Diligence

.2-Name Screening

.3-Activity Based Financial Sanctions

.4-Export Controls

.5-Limitations

.C- Escalation Procedures

.1-Introduction

.2-Three Lines of Defense

.3-Application

.D- AML guidance on the specific application of controls by Banks in the context of:

.1- Documentary Credits (DCs),

.2- Bills for Collection (BCs),

.3- Guarantees and Standby Letters of Credit

.4- Receivables

.5- payables

.6- Bank to Bank Trade loans and

.E- By explaining the following applications in respect of each of the A/M product:

.1-Due Diligence

.2-Review (risk indicators)

.3-Screening

.4-Transaction Monitoring

Target Audience:

.Compliance, AML and trade finance dept.

Prerequisites:

.None

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Training attendance certificate.