With the world situation as it is, the risk of money laundering in trade finance remains a constant and therefore so does the focus of the regulator on your firms systems and controls to mitigate that risk – you only have to look at recent fines. Heightened sanctions and embargos mean criminals look for different ways to launder money through international trade. Those in the frontline, involved in trade finance, need to know about the risks involved and understand how to spot red flags and deal with suspicious activity.

Learning outcomes

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

  • Clarify your understanding of money laundering and terrorist financing and the resulting offences
  • Discuss the scale and the scope of the risks of money laundering in trade finance
  • Confirm the role you need to play in mitigating the risk of financial crime in trade finance
  • Understand the FCA and other relevant regulator requirements
  • Discuss how suspicious activity reports should be utilised within your firm
  • Know how to monitor and manage trade finance  and the associated compliance needed
  • Ensure customer due diligence is conducted and applied robustly
Martin Allen

Martin Allen

A lengthy, highly successful and varied career in Barclays bank has been the perfect springboard to martin becoming an exceptional consultant, not onl...

A lengthy, highly successful and varied career in Barclays bank has been the perfect springboard to martin becoming an exceptional consultant, not only within financial services but across a broad spread of clients in the UK, Europe, Africa, the Middle East and in the Caribbean.

His training expertise which began over 30 years ago (interspersed with senior management roles) has developed unparalleled:

• Knowledge and experience in his areas of expertise

• In compliance – especially in financial crime prevention focusing on anti-money laundering (AML), combating terrorist financing (CTF), fraud and identity theft

• Across all aspects of traditional retail and corporate banking and exposure to investment banking, international banking (especially “off-shore”) and private banking

• Communication and inter-personal skills:

• With staff at all levels in organisations from inductees to board members

• With course delegates on training events from the purely practical – ensuring that procedures are followed correctly – through all aspects of management and leadership skills, to advanced facilitation

• Consistent high-quality feedback shows that he’s equally at ease engaging with new inductees as he is challenging the thinking of senior executives

He has particular expertise in financial crime prevention where he is widely acknowledged as a subject matter expert thanks in no small part to wide and deep exposure to the development of anti-money laundering / know your customer (AML /KYC) and countering terrorist financing (CTF) solutions both during his time at Barclays and since. This exposure has involved inter alia the development and delivery of policy, procedure, training and communication on the identification and prevention of money laundering, terrorist financing, fraud, identity theft and “phishing” both in the UK and in overseas jurisdictions.

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First and second line staff responsible for and involved in trade finance