Trade Based Money Laundering (TBML)
Description:Trade-based money laundering (TBML) is one of the three main methods used by criminal organizations and terrorist financiers to move money and hide its illicit roots. It involves the laundering of money through the physical movement of goods through the trade system. Anti-financial crime professionals need to understand the wide range of risks associated with the international trade system, and their indicators, in order to effectively prevent TBML. The Trade-Based Money Laundering course breaks this complex topic down into a bite-size learning path, so participants can confidently define TBML, assess the associated risks, and act to mitigate them.
WHO IS THIS PROGRAM FOR?
- Sanctions and Compliance professionals
- Banking professionals
- Intermediate career AML professionals
- Finance and accounting professionals
WHAT WILL YOU LEARN?
- What is Money laundering
- Techniques of Money Laundering
- Participants and Important Regulatory Framework in TBML
- Concept of TBML
- Methods of Trade Settlement & Intermediaries
- Open Account Transactions
- Documentary Collections & Letter of Credit
- Structured Financing Products
- Typology and Red Flags
- Types of TBML
- Regulatory Framework
- Role of FATF
- OFAC/UN/EU sanctions
- Banker’s Perspective
- Emerging Trends and Counter Measures.