Trade Based Money Laundering (TBML) and Proliferation Finance (PF)

This highly interactive training programme offers a unique experience for trade finance professionals, Compliance Officers and senior managers to discover why trade-based money laundering is an increasingly attractive means for criminals to transfer their illicit funds around the world, leading to greater regulatory focus on banking systems and controls. Participants will learn how to manage their firm’s trade finance risks by recognising the red flags and applying best practice procedures.

This fully immersive course has been designed to incorporate instructor-lead delivery of real-life case studies as well as sessions for participants to employ situational awareness techniques in analysis, critical thinking, and investigation skills.

• Understand the offences of Money Laundering, Terrorist Financing and Proliferation Finance, and why they pose such a serious problem for financial institutions.

• Review the higher Compliance risks associated with trade finance.

• Consider the risks associated with dual use goods.

• Become familiar with the six main methodologies of trade-based money laundering.

• Utilize common red flags to detect potential trade-based money laundering.

• Practice conducting effective Customer Due Diligence.

• Understand their role as the first line of defence in protecting the firm from being exploited by criminals.

• Become more proficient in filing a Suspicious Activity Report (SAR)

• Undertake an interactive exercise recognising Proliferation activity.

• Trade Finance: Introduction to products & services, financial sanctions and trade embargoes.

• Financial Crime risks & vulnerabilities.

• Laws, Rules & Best Practice: Financial Action Task Force, EU & International guidance, UK Regulatory Environment.

• Trade-Based Money Laundering: Methodologies, Further tactics, Red flags.

• Proliferation Finance: Risk Assessment, The importance of Customer Due Diligence, Transaction Monitoring.

Trade finance professionals, Compliance Officers and senior managers, Financial crime professionals 

No exam is available for this course.