Certificate in Trade Compliance Foundations
Enroll in the Certificate in Trade Compliance Foundations and take your Compliance Career to the next level!
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Course Description
The Certificate in Trade Compliance Foundations offers a comprehensive dive into the essential areas of trade and its associated compliances. As global trade grows, understanding its intricacies and ensuring adherence to legal and ethical standards becomes paramount for professionals in the field. This program is meticulously designed to cover the various facets of trade, providing a strong foundation for learners aiming for excellence in trade compliance.
In Module 1, participants begin with a holistic view of trade, from its basic definitions to the intricate procedures involved. Covering topics from imports and exports to exporter CDD/KYC, the module offers insights into export documentation and related transactions. A case study on broader export controls by a bank will further enrich participants’ understanding, ensuring they are well-versed with real-world scenarios. A multiple-choice quiz at the end of the module tests the acquired knowledge.
Module 2 delves into the heart of trade compliance. Participants will understand the core concept of compliance and how it translates to trade scenarios. Emphasizing the risks associated with trade transactions, the module underscores the importance of managing and mitigating these potential challenges. A case study focusing on planning and monitoring trade transactions brings the lessons to life, ensuring practical knowledge is gained.
Modules 3 and 4 tackle the critical topic of Trade-Based Money Laundering (TBML). Beginning with a basic understanding of money laundering, participants will be introduced to its stages, exemplary methods, and the various techniques employed by criminals. The spotlight then shifts to Trade-Based Anti-Money Laundering, detailing its requirements and shedding light on FATF guidance. Module 4 focuses on the governance structure, red flags, and essential roles such as the TBAML Management Committee and the TBML Reporting Officer. Real-world applications are again showcased through pertinent case studies, ensuring a hands-on learning experience.
Concluding the course, participants will undertake a final assessment, evaluating their comprehension and readiness in trade compliance foundations. Upon successful completion, learners will have acquired a robust knowledge base, preparing them for the ever-evolving world of trade and its complexities.
What You Will Get From This Course
In-demand Skills
Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.
Career Credential
Get a certificate from the FCA Financial Crime Academy.
Flexibility
Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.
Global Community
Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.
Course Material
Download supplementary course material such as the comprehensive course study guide.
Quiz Questions
Test your knowledge with multiple-choice questions and determine which skills you have mastered!
Course Overview
- Understand the fundamental aspects of the sanctions compliance framework, its significance in the business environment, and its role in KYC and onboarding processes.
- Recognize the root causes for sanctions internal compliance program failures and implement measures to address and prevent them.
- Gain a thorough understanding of the five key elements of the sanctions compliance framework and apply them effectively in real-world scenarios.
- Navigate and interpret official guidance on effective sanctions compliance from key global entities, including the DOJ, OFAC, EU, UK, and China.
- Identify specific components of compliance necessary for an internal sanctions compliance program or ICP as outlined by various official guidances.
- Understand the implications of sanctions violations, including necessary corrective measures, reporting mechanisms, and potential liabilities.
- Appreciate the advantages and role of whistleblower tools in sanctions compliance, understanding the type of information they can provide and the protection mechanisms in place.
- Implement and maintain an effective and robust internal sanctions compliance program, staying up-to-date with international guidance and best practices.
- Compliance Professionals: This includes Compliance Officers responsible for ensuring adherence to various regulations, particularly sanctions compliance. The course provides them with a comprehensive understanding of the framework and key components to enhance their company’s compliance stance.
- Risk Management and Internal Controls Professionals: Professionals who assess, manage, and devise strategies to mitigate potential risks associated with non-compliance will find this course highly beneficial.
- Internal Auditors: Those involved in the regular review and verification of company activities to ensure internal compliance. This course provides them with a deep understanding of the sanctions compliance framework and the official guidance to better conduct their audits.
- Anti-Money Laundering (AML) and Anti-Financial Crime Professionals: Individuals in these roles can benefit from understanding the intricate details of sanctions compliance, given its crucial role in preventing money laundering and financial crimes.
- Legal and Regulatory Professionals: Lawyers and legal experts dealing with international trade, sanctions, and regulatory compliance can expand their knowledge base and stay updated on official guidance.
- Business Leaders: CEOs, CFOs, and top executives in financial institutions and other relevant entities who need to understand the intricacies of sanctions compliance to make informed business decisions.
- Professionals Interested in Sanctions Compliance: This includes individuals looking to transition into compliance roles, students studying international trade or financial regulations, and any professional interested in understanding the complex world of sanctions compliance.
For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.
This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.
Course Curriculum
- Introduction to the Program
- Introduction to this Module
- Introduction to Trade
- What are Imports and Export
- Overview of Export Documentation and Exporter CDD/KYC
- Export Transactions – Open Account and Documentary Collections
- Trade Process and Export Transaction
- Case Study: Defining Broader Export Controls by a Bank
- Module Summary
- Multiple Choice Quiz
- Introduction to this Module
- What is Compliance?
- What is Trade Compliance?
- Risks Involved in Trade Transactions and Dealing with Those Risks
- Case Study: Planning and Monitoring Trade Transactions
- Module Summary
- Multiple Choice Quiz
- Introduction to this Module
- What is Money Laundering? What are Predicate Offenses?
- Exemplary Methods of Money Laundering
- Stages of Money Laundering
- Overview of Trade-Based Money Laundering
- Overview of Trade-Based Anti-Money Laundering Requirements
- Different Methods of Trade-Based Money Laundering Used by Criminals
- Overview of FATF Guidance on Trade-Based Money Laundering
- Case Study: How an Organization Performs its Trade Transactions Monitoring
- Module Summary
- Multiple Choice Quiz
- Introduction to this Module
- Governance Structure and Oversight of Trade Transactions
- What Red Flags are considered in Trade Transactions
- Role of Trade-Based Anti-Money Laundering (TBAML) Management Committee
- Development and Implementation of TBAML Policies and Procedures
- Role of TBAML Reporting Officer or TBMLRO
- TBML Reviews and Reporting
- Case Study: Trade-Based AML/KYC Documentation
- Module Summary
- Multiple Choice Quiz
- Final Assessment
- Completing the Program
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Frequently Asked Questions
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.
Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.
You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.
None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.
All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.
Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.
Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.
Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.
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10 Learning Hours
Downloadable Resources
Access on Mobile and TV
Certificate of Completion
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Interested in Group Training?
Empower your teams with the leading anti-financial crime, compliance, and risk management training and certifications.
10 Learning Hours
Downloadable Resources
Access on Mobile and TV
Certificate of Completion
Share
Interested in Group Training?
Empower your teams with the leading anti-financial crime, compliance, and risk management training and certifications.
Learn In-Demand Skills with On-Demand Courses
Gain the relevant skills and knowledge to ensure that you are supporting your firm and progressing your career.
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