Skip to main content
All Academy Courses

CERTIFIED ONLINE TRAINING

AML – Trade-Based Money Laundering

GCAL Specialist Training

Course Overview

A programme that is designed to support risk and compliance professionals to identify and manage the financial crime risks, including trade-based money laundering, that relate to trade finance activity. 

Course Structure

  • Introduction to Trade Products and Services. 
  • Uniform Customs and Practice for Documentary Collections (UCP). 
  • Why trade is used by criminals.  
  • Trade Based Money Laundering. 
  • Trade Based Terrorist Financing. 
  • Trade-related Crimes – tax, sanctions, dual use goods and smuggling. 
  • Risk Based Approach to Managing Risks. 
  • Identifying the risks – jurisdiction, trade transaction/payment, customer, documentation and product. 
  • Case study – UAE. 
  • Making a report under POCA and Terrorism Act. 

Course Summary

Course Level
Specialist
Availability
From Q2, 2024
Online Presentation
Recorded Instructor-Led Training
Duration
3 Hours

Enquire Now

Who Is This For?

  • Trade finance operators. 
  • Sanctions risk employees. 
  • All employees who contribute to the management of trade customer relationships and activities. 
  • Financial crime compliance professionals at all levels. 
  • SAR handlers and investigators. 
  • MLRO, DMLRO and the nominated officer. 
  • Compliance assurance and monitoring. 
  • Auditors. 

Learning Outcomes

How will I benefit from completing the programme?

  • Describe operational trade-related financial crime risks and how the sector is used to move value between international collusive criminal. 

  • List some specific trade-based money laundering typologies, such as the misrepresentation of value, quantity, and quality of goods, and how these are used to move illicit value from bribery, corruption, crime and terrorism. 

  • Outline the risks of sanctions evasion and dual use goods/ finance of proliferation. 

  • Use red flags to identify risks relating to the movement of illicit value through trade, the financing of terrorism, sanctions evasion, importing and exporting unlicensed dual-use goods and tax evasion.  

  • Demonstrate how to manage and mitigate financial crime risks related to trade-based activities. 

  • Analyse regulatory case enforcement action to identify what went wrong when managing trade-related risks. 

Topics Covered

What will I learn?

Overview of trade products and the importance of trade finance. 

Crime typologies – TBML, TBTF and Trade-related predicate offences 

Analysis of free trade zones. 

Case study – UAE. 

Misrepresentation of price, quantity, and quality. 

POCA 2002 

Terrorism Act 2000 

Money Laundering Regulations 2017 (as amended) 

Regulatory case enforcement studies: 

  • TBML 
  • TBTF 
  • Tax crimes 
  • Sanctions 
  • Dual use goods 

Unusual indicators and ‘red flags’ 

Reporting concerns 

Managing the conflict between UCP and POCA reporting. 

Record keeping. 

Delivery Formats

We work to your budget which means you can afford us! Price is based on several factors including number of delegates, length, and method of delivery.

  • Live Online
  • In Classroom
  • Private groups
  • Blended Learning
  • On Demand