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CERTIFIED ONLINE TRAINING

Managing the Risks of Financing of Proliferation (and dual use goods)

Gain greater confidence defining the risks and identifying unusual and high risk activity in relationships and transactions.

Course Overview

A new and comprehensive certified, online and instructor led course designed for professionals who are required to contribute to the global efforts and manage the risks associated with the financing of chemical, biological, radiological and nuclear materials (“CBRN”), and so-called dual use goods. 

Course Structure

  • Welcome to the programme (pre-recorded) and what you can expect (learner journey, outcomes, help and support and assessment/ certification) – 5 minutes.
  • Modules: (45 minutes)
    1. Introduction to CBRN risks, the finance of proliferation, and dual-use goods.  
    2. Summary of UK and international legal and regulatory developments to manage the risks of financing the proliferation of CBRN and dual use goods
    3. Introduction to import and export licensing requirements in the UK.
    4. Case studies analysis – terrorist activities.
    5. Managing the risks – framework of systems and controls required to deter, detect and disrupt the financing of proliferation.
    6. Identifying the risks – high risk activity, products, and transactions.   
    7. Reporting unusual activity and suspected licensing failures. 
  • End of programme video (pre-recorded) – 5 minutes, what happens next (assessment process and open book) 
  • Sample 3 MCQ – 15 minutes 
  • 15 MCQ 1 – 30 minutes 
  • 15 MCQ 2 – 30 minutes (reassessment)  
  • CPD and UOG Certification
  • Feedback and Trustpilot

Course Summary

Course Level
Awareness
Availability
From Q2, 2024
Online Presentation
Recorded Instructor-Led Training
Duration
90 Minutes

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Who Is This For?

  • All financial crime risk and compliance professionals.
  • Trade finance and supply chain specialists.
  • Senior financial crime compliance professionals, including the MLRO, Head of Financial Crime Compliance and the nominated officer and their teams.
  • Financial crime professionals with specific responsibility for conducting the business-wide risk assessment.
  • Line two compliance assurance and monitoring professionals.
  • Line three auditors.
  • Non-executive Directors and members of risk and audit committees.

Learning Outcomes

By the end of the programme, you will be able to:

  • Define what is meant by the terms CBRN, dual use goods, and the finance of proliferation. 

  • Provide a summary of the key licensing requirements of UK trade import and export laws and regulations. 

  • Outline the key legal and regulatory roles and responsibilities that are applicable to regulated firms and employees. 

  • Explain what risk factors must be considered when performing an assessment of risks associated with the finance of proliferation.  

  • List some of the higher-risk activities that are associated with customers, jurisdictions, transactions and products. 

  • Describe unusual and suspicious activity indicators in customer transactions and behaviours.  

  • Report suspicion according to company policies and procedures and in full compliance with UK laws and regulations. 

Topics Covered

What will I learn?

  • International and UK laws and regulations relevant to managing the risks of financing of proliferation.
  • The Wassenaar Agreement.
  • Financial Action Task Force.
  • Money Laundering Regulations 2017 (as amended).
  • Terrorism Act 2000.
  • UK Consolidated list of strategic military and dual-use items that require export authorisation.
  • OGEL and Goods Checker Tools.
  • SPIRE licensing process.
  • Case study analysis of examples of proliferation of financing.
  • Dual-use goods lists.
  • Performing a risk assessment.
  • Unusual indicators ‘Red Flags’
  • Reporting the risks.

Delivery Formats

Delivered though our online learning management system (LMS) accompanied by recorded instructor-led training