Trade Based Anti Money Laundering AML Framework

Trade Based Anti Money Laundering AML Framework free download

Trade Based Anti Money Laundering TBAML course for Compliance, AML, CDD. KYC, Trade, Risk and Audit Professionals

Money Laundering ML is one of the biggest challenges faced by Institutions/organizations, especially financial institutions, around the world. Millions of dollars are spent annually by institutions/organizations to identify and manage money laundering risks including trade-based money laundering TBML.

What is Trade-based money laundering (TBML)

TBML is a criminal activity. It is the process of disguising the proceeds of crime and moving value or money using trade transactions, to legitimize their illicit origins. To manage the Trade-Based Money Laundering Risk, and Activities, and ensure Regulatory Compliance, the institutions/organizations hire dedicated Trade AML Compliance Officers/Specialists.

ABOUT THE COURSE

In this 'Trade-Based Anti-Money Laundering' course, you will learn about the core concepts and principles of Trade-Based Money Laundering TBML, and related AML/CFT Compliance Requirements. You will learn the concepts through various examples, and see how a financial institution manages its Trade-Based Money Laundering Risks. This course will help you understand the key regulatory compliance requirements related to TBAML.

TOPICS COVERED IN THIS COURSE

This course will teach you the following aspects of Anti-Money laundering AML and Trade-Based Money Laundering TBML:

• Money Laundering ML, Risks Involved, and its Purpose

• Why are Anti-Money laundering AML Measures Important for a Country's FS

• Example - Typical Trade Transaction between 2 Companies to Support Criminals

• Example - Exchange of High-Value Item against Illegal Product to Support Criminal

• Core Risks in the International Trade System

  
  

  Trade-Based Money Laundering TBAML

• Understanding Trade-Based Money Laundering

• Different Types of Trade Transactions

• Things Money launderers Do In Trade-Based Money Laundering Transactions

  
  

  TBAML Examples

• Example - Trade-based money laundering TBML transactions

• Example - 'Under or Over' Invoicing and Tax Avoidance by Group Companies

• Example  - Trade Transaction Involving Criminal Activity

• Example - Over-invoicing Imports and Exports, to Launder Money

• Example - Suspicious Imports By the Owner of a Company - Misrepresentation of Quantities and Money Laundering - Imports/Exports

• Methods Used by Money Launderers in Trade Transactions

  
  

  Risk Management - TBAML

• Risk Management Framework for TBML 

• Roles and responsibilities of the Board of Directors and Senior Management

• Policies and procedures, to deal with Trade-Based Money Laundering TBML activities and Implement Trade-Based Anti-Money Laundering TBAML Requirements

  
  

  Understanding Concepts of Customer Due Diligence CDD and KYC

• Understanding Customer Due Diligence CDD Concept

• Example 1 - Normal Case - CDD of a Corporate Client

• Example 2 - Suspicious Case - CDD of a Corporate Client

• Understanding Know Your Customer KYC Concept

  
  

  Customer Due Diligence CDD and KYC Measures in TBAML

• Trade Customer's Due Diligence and Risk Profiling CRP Requirements

• Screening measures (KYC/CDD perspective)

• EDD measures

• TBML Suspicious Transactions Reporting

• Key Considerations in Preparing Suspicious Transactions Reports SARs

  
  

  Database Management

• Trade-Based Money Laundering TBML Database requirements

  
  

  Trade-Based Money Laundering Red Flags, and Risk Indicators

• Trade-Based Money Laundering TBML Red Flags or Risk Indicators

• TBML Structural  Money Laundering Risk Indicators

• TBML Document Money Laundering Risk Indicators

• Roles and responsibilities of Trade-Based Money Laundering Reporting Officer (TBMLRO)

• Internal Reporting by MLRO

• Challenges Faced with Control of Trade-Based Money Laundering

  
  

• Quiz MCQs

Why This Course:

Some of the core benefits of attending this course or certification include:

• If you want to work in the Compliance Function, Risk Management Function, Anti-Financial Crime Department. or Anti-Trade-Based Money Laundering Department, then this course will help you understand the work requirements.

• After attending this course you will get a certificate of course completion, which shall enhance your job profile

• Get lifetime access and a certificate of completion of this course

How Will You Benefit Through This Course?

This course will help you in your job if you are doing a job in a company or institution, as:

• Compliance Analyst,

• AML Analyst, CFT Analyst, CDD/KYC Analyst

• Trade-Based Money Laundering Analyst - TBAML Analyst,

• Compliance Risk Manager,

• Money Laundering Reporting Officer MLRO,

• Deputy Money Laundering Reporting Officer D-MLRO,

• Internal auditor,

• Trade Operations / Branch Operations/ account opening manager,

• Internal Controls Specialist,

• Internal Auditors,

• Compliance Quality Assurance and Risk Reviewers, etc.

Thank you.