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International trade is a particularly attractive means of moving illicit funds across borders without being detected, and recent years have seen regulators around the world place increasing pressure on financial services firms to improve their trade-based money laundering (TBML) systems and controls. This course highlights the risks and shows how to apply best practice in order to comply with regulatory expectations.
This course is heavily based on true life case studies in order to provide delegates with the opportunity to discuss the complex issues involved with TBML, from over and under-invoicing, specific high-risk trade goods, to dealing with sanctioned countries and the problems recognising dual-use goods. The workshop will provide a comprehensive summary of the money laundering risks in trade finance, including a thorough summary of the key red flags, as well as a guide to improving TBML systems and controls. There is a specific emphasis on the importance of front line staff in recognising and reporting suspicious activity.
The course is case study based, enabling lots of opportunity for practice and sharing experience, the workshop will help firms assess their TBML risks and improve their employees? ability to recognise and report suspicious activity.
By attending this session you will:
Richard Sinfield is a highly accomplished Compliance and AML professional with a proven track record in designing and implementing regulatory complian...
Richard Sinfield is a highly accomplished Compliance and AML professional with a proven track record in designing and implementing regulatory compliance and anti-financial crime training programmes that support the needs of senior managers, front office and second line of defence staff in the financial services industry. With extensive training experience garnered at leading global banks and asset managers, Richard has proven adept at working with key business stakeholders to develop tailored and highly practical learning programmes, and then delivering effective and memorable classroom training. He has been a trainer for over 15 years, after working in the Compliance departments of two global investment banks. He has also recently provided consultancy services to the Trade Finance division of a UK bank.
This session will benefit individuals in all firms who are involved in, or responsible for, trade finance, including the MLRO, senior management, legal, and compliance.
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