Trade Based Money Laundering

International trade and trade instruments have important features that make them potentially attractive vehicles to launder criminal money. The sheer volume and international nature of trade, frequent use of offshore entities such as Free Trade Zones and more or less complex trade finance instruments create a cloak of complexity and lack of transparency that the financial criminals seek.

Course Overview

The Introduction to Trade Based Money Laundering e-learning course has especially been designed by subject matter experts to provide banking professionals  with an overview of Trade based Money Laundering risks. 

Target Audience

This e-learning module is especially relevant for client facing Commercial Bankers, Trade & Commodity Finance specialists, Customer Support staff, Risk Management analysts and AML Compliance officers.

Knowledge Test & Certification

Each module will end with a Knowledge Check to test if the participants have understood the content of the training. The results of the tests can be saved or printed and can serve as an audit trail for evidence towards the regulator

Audit Reporting Package

Evidence of course completion of users including Knowledge Test scores & time stamp for local Regulators and Correspondent Bank relationships. Including document with e-learning content (slides) plus list of questions of the knowledge checks.

Course Objectives

At the end of the training, participants will be able to:

• Name the 3 key features of a Trade Based Money Laundering (TBML) schemes
• Distinguish 4 TBML techniques
• Identify key TBML Red Flags;
• Assess the AML risk profile of proposed trade transactions;

Course Content

• An introduction on TBML principles
• Key features of a TBML scheme
• Various TBML methods and techniques used by criminals;
• TBML Typologies
• AML red flags;