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Course Overview
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Trade Based Money Laundering and Terrorist Financing is recognized as posing a serious risk to the financial sector. A serious case of Trade Based Money Laundering and Terrorist Financing can reduce consumer and shareholder confidence and can impact the reputation of individual banks as well as potentially create challenging regulatory intervention.
This course explains the nature of Trade Based Money Laundering and Terrorist Financing and is designed to assist AML/TF practitioners, as well as those operational Trade Finance professionals, with the issues of implementing appropriate policies, systems and controls to try to prevent and detect Trade Based Money Laundering and Terrorist Financing occurring. It also highlights ways of managing the Trade Based Money Laundering and Terrorist Financing risks and discusses action that can be put in place when Trade Based Money Laundering and Terrorist Financing is discovered.
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Key Learning Outcomes
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By the end of this interactive course, the attendees will:
- Describe the purpose, appeal, and methods of trade based money laundering;
- Understand the International threats related to Trade Based Money Laundering and Terrorist Financing;
- Assess the AML risk profile of proposed trade transactions;
- Integrate TBML controls with existing AML/CTF program;
- Understand Government and Regulatory expectations in relation to Trade Based Money Laundering and Terrorist Financing;
- Identify and conduct a risk assessment related to Trade Based Money Laundering and Terrorist Financing;
- Identify practical prevention and detection techniques to Trade Based Money Laundering and Terrorist Financing;
- Consider and apply appropriate actions when Trade Based Money Laundering and Terrorist Financing does occur;
- Consider the appropriate policies, procedures (systems and controls) applicable to their organization.
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Target Audience
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This course is designed to:
- AML/CFT managers and officers;
- Bankers;
- Compliance and risk managers and officers.
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Course Detailed Outline
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Module One: What is Trade Based Money Laundering & Terrorist Financing?
- The international dimension of Trade Based Money Laundering and Terrorist Financing
- What is the Government and Regulatory expectation?
- Examples of Trade Based Money Laundering and Terrorist Financing and good practice/poor practice
- Where is there guidance available to assist?
- What are the challenges to preventing, detecting and investigating Trade Based Money Laundering and errorist Financing?
Module Two: Prevention
- Trade Based Money Laundering & Terrorist Financing – a ‘risk assessment’ of products, geography, customers, segments
- The role of Due Diligence in the TBML/TF process – who is the customer, KYCC, connected parties
- Consideration of Money Laundering/Trade Finance in product development
- Relationship of Trade Based Money Laundering and Terrorist Financing with Fraud
Module Three: Detection and Investigation
- Monitoring – red flags, “eye balling” of documents, automation (pre/post transaction)
- Recording and Management of ‘suspicious activity’
- Evidence gathering
- Internal Investigations
- Hotlines and whistle-blowing
Module Four: Policies and Procedures (systems and controls)
- Roles and Responsibilities
- Training and Awareness
- Assurance/Governance
Wrap UP
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Methods of Delivery
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- This training course will combine:
- Presentations with instructor-guided interactive discussions between participants relating to their individual interests.
- Practical exercises,
- Video material case studies,
- Presentations and group discussion in an active and participative way supported by reading and reference materials.
- All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course material.
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Course Details
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Course Date: 22 November 2020
Number of Days: 1 Day
Timing: 5:00 PM- 9:00 PM
Language of the Course and Material: Arabic
Venue: Hotel Venue/ Virtual Training
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Registration
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For registration, please send an email with the names and designation of nominee/s to the following E-mail:
Or Call us @
Fax:
Please ask about our corporate discount policy
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