Trade Based Anti Money Laundering AML Framework

Trade Based Anti Money laundering course for Compliance, AML Specialists, Trade and Risk Management Professionals

4.35 (50 reviews)
Udemy
platform
English
language
Compliance
category
Trade Based Anti Money Laundering AML Framework
153
students
1.5 hours
content
Mar 2023
last update
$39.99
regular price

What you will learn

You will learn about Money Laundering, Trade Based Money Laundering with Examples

You will learn about Trade Transactions, Trade Based ML, Regulatory Requirements related to Trade Based Money Laundering for banks and FIs

You will learn Trade Based Customer Due Diligence, Enhanced Due Diligence (EDD),

Example of Trade Transactions involving Exchange of High Value Item against the Illegal Product, to perform Money Laundering

Examples of Under and Over Invoicing by Importers and Exporters

You will learn about Suspicious Transactions and Reporting Requirements

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

Quiz Test is made part of this course to test your TBML knowledge

Description

Money Laundering ML is one of the biggest threats to financial institutions and companies in the world. Millions of dollars are spent annually by organizations in managing the ML risks. AML specialists are hired on very high packages around the world, to oversee the compliance culture.

What is Trade-based money laundering (TBML):

TBML is the process of disguising the proceeds of crime and moving value or money using trade transactions to legitimize their illicit origins.

Do you want to learn about Trade-Based Money Laundering TBML, TBML AML/CFT Compliance Requirements, and Risk Management by institutions?

Do you want to learn the examples of TBML activities, and how a financial institution manages the Risks of Trade-Based Money Laundering TBML activities by criminals?

Do you want to learn the regulatory requirements and more specifically the anti-money laundering AML requirements to be complied with by FIs?


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

  • Core risks involved in International Trade System

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

  • Examples of Trade-based money laundering TBML transactions

  • Example of over / under-invoicing and tax avoidance by Group Companies

  • Example of business involved in trading and ML activities

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

  • Example of Misrepresentation of Quantities in Imports and Exports, to Launder Money

  • Risk management framework for TBML 

  • Roles and responsibilities of Board of directors and Senior Management

  • Policies and procedures to deal with TBML activities

  • Customer risk profiling and screening measures (KYC/CDD perspective)

  • EDD measures

  • TBML Suspicious Transactions Reporting

  • TBML Database requirements

  • TBML Red Flags or 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 in understanding 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 Be Benefitted 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,

  • Trade-Based Money Laundering Analyst,

  • Compliance Risk Manager,

  • Money Laundering Reporting Officer,

  • Deputy Money Laundering Reporting officer,

  • Internal auditor,

  • Trade operations / branch operations / account opening manager,

  • Internal Controls Specialist,

  • Risk reviewer, etc.

Thank you.

Content

Introduction of this course

Introduction
Why are Anti Money laundering AML Measures Important for a Country's FS
Why are Trade Based Anti Money Laundering TBAML Measures Crucial for FIs
Instructor's Brief Introduction

Money Laundering, Risks and Anti Money Laundering AML Framework

What is Money Laundering ML and Its Purpose
Core Risks Faced By Institutions Due to Money Laundering
Anti Money Laundering AML

Trade Based Money Laundering TBML and Transactions

Trade Based Money Laundering TBML
Types of Trade Transactions
Example of Trade Transaction Involving Criminal Activity
Methods Used by Money Launderers in Trade Based Transactions

Managing Risks of Trade Based Money Laundering TBML

Risk Management Framework for Trade Based Transactions
Roles and Responsibilities of Board of Directors and Senior Management
TBML Policies and Procedures Development
Trade Customer's Due Diligence and Risk Profiling CRP Requirements
Enhanced Due Diligence EDD Measures for Trade Customers
Suspicious Transactions Monitoring and Reporting

Database Maintenance

Maintenance of MIS for Audit Trail and Regulators Review
Trade Based AML Measures

Reviews

Sandy
May 3, 2023
This course and some of the terminology used is highly offensive and not proper industry terminology. However, it gives a basic understanding about trade finance money laundering.
Soab
August 13, 2022
Was looking for detailed insights in trade based money laundering system implementation. However got the high level understanding of TBML framework that FI's need to implement to combat TBML & TF risks.
Kimberly
February 8, 2022
The transcript is terrible because the audio is heavily accented and it is clear the transcript has not been proof-read. One example- transactions pronounced in the audio reads "Transsexuals" in the transcript.
Ashwani
January 4, 2022
this just a basic , we we are talking about the frame work for TBML, then we should learn more abut it , so far is good for nothing

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Related Topics

3308612
udemy ID
7/7/2020
course created date
7/23/2020
course indexed date
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