Summary

This course explores Trade-Based Money Laundering (TBML), its techniques, and compliance practices to prevent and detect TBML risks.

This course is one of several courses within the Certificate in Anti-Money Laundering. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Understand the concept of Trade-Based Money Laundering (TBML) and how it differs from other types of money laundering
• Identify common TBML techniques and red flags associated with suspicious trade transactions
• Recognise the regulatory obligations and compliance requirements for financial institutions in preventing TBML
• Apply best practices to strengthen TBML controls and mitigate risks within their institution
• Demonstrate knowledge through an assessment of understanding of TBML indicators and effective compliance measures

Course Structure

• Section 1: Introduction to Trade-Based Money Laundering (TBML)
• Section 2: Common Techniques in Trade-Based Money Laundering
• Section 3: Key Red Flags and Indicators of Trade-Based Money Laundering
• Section 4: Regulatory Requirements and Compliance Obligations
• Section 5: Best Practices to Prevent Trade-Based Money Laundering
• Section 6: Case Studies in Trade-Based Money Laundering
• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.