The Certificate in Trade-Based Anti-Money Laundering (AML) is a comprehensive program designed to equip students with the necessary knowledge and skills to effectively combat trade-based money laundering. This program comprises four modules that delve into various aspects of trade-based money laundering, including its techniques, trends, risks, governance, and monitoring. Students will gain a deep understanding of the trade process, trade financing, and the role of different entities involved in trade-based money laundering schemes. Through case studies and practical examples, students will develop the expertise needed to identify, assess, and respond to trade-based money laundering risks.
Module 1: Understanding Trade-Based Money Laundering
In this module, students will be introduced to the fundamentals of trade-based money laundering. They will explore the connection between trade-based money laundering and trade-based terrorist financing, and gain insights into the trade process and trade financing. The module also covers the types of businesses at risk of trade-based money laundering, such as shell companies, freight forwarders, and customs brokers. Real-world case studies will be examined to enhance understanding, and a comprehensive summary and quiz will consolidate students’ knowledge.
Module 2: Trade-Based Money Laundering Trends and Risks
This module focuses on the latest trends and risks associated with trade-based money laundering. Students will learn about the risk-based approach to trade-based money laundering and explore economic sectors and products that are vulnerable to such illicit activities. The module delves into common trade-based money laundering techniques and provides guidance on conducting risk assessments. A captivating case study on the use of agricultural products in a trade-based money laundering scheme will illustrate the practical application of the knowledge gained. A summary and quiz will assess participants’ comprehension.
Module 3: Role of FIU and Governance in Countering TBML
In this module, students will discover the crucial role of the Financial Intelligence Unit (FIU) and effective governance in countering trade-based money laundering. They will explore various FIU supervision approaches, as well as the governance structure and program necessary to combat trade-based money laundering effectively. The module examines the roles and responsibilities of trade-based money laundering governance, including the Trade-Based Money Laundering Reporting Officer. A case study involving the use of vehicles in trade-based money laundering provides a concrete example of these concepts. A summary and quiz will gauge participants’ understanding.
Module 4: TBML Risks Indicators, Monitoring, and Reviews
This module delves into the identification, monitoring, and review of trade-based money laundering risks. Students will learn about different trade-based money laundering risk indicators and explore techniques for monitoring TBML transactions. They will gain insights into distinguishing “false positives” from “true matches” and conducting risk-based investigations on suspicious transactions. The module concludes with guidance on reporting suspicious transactions and activities. A captivating case study on the black market peso exchange will bring the concepts to life. A summary and quiz will consolidate participants’ knowledge.
Final Assessment and Program Completion
Upon completing the four modules, students will undertake a final assessment to demonstrate their understanding of trade-based anti-money laundering concepts and techniques. Successful completion of the program will lead to the awarding of the Certificate in Trade-Based Anti-Money Laundering.
Join us on this transformative learning journey to acquire the expertise and skills needed to counter trade-based money laundering effectively. Enroll in the Certificate in Trade-Based Anti-Money Laundering program today and become a valuable asset in the fight against financial crime.
