fbpx

Certificate in Trade-Based Anti-Money Laundering (AML)

Enroll in the Certificate in Trade-Based Anti-Money Laundering (AML) and take your Anti-Money Laundering Career to the next level!

Preview this course

Course Description

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.


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

Learning Objectives

  • Understand the foundational concepts of Trade, Trade Financing, Trade-Based Money Laundering and Terrorist financing
  • Understand types of TBML activities
  • Understand Trade Process and Financing
  • Understand Risk-Based Approach to Trade Based Money Laundering
  • Understand TBML Techniques, and TBL Risk Assessment
  • Understand TBML Risk Indicators, Alerts, and Reviews
  • Understand role of Financial Intelligence Unit FIU, and the TBAML Governance
  • Understand role of Trade-Based Money Laundering Reporting Officer (TBMLRO)
  • Understand the difference between the TBML False Positives and True Matches
  • Understand TBML Reviews, Conclusion and Suspicious Transactions Reporting

Target Audience

  • Compliance professionals that want to acquire a solid understanding of AML/CTF
  • Risk management professionals that want to effectively manage AML/CTF risks
  • Ambitious AML/CTF compliance personnell looking to broaden knowledge and skills
  • Career starters seeking career opportunities in the AML/CTF compliance industry

Requirements

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.

Learning Method

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 the Program

Module 1: Understanding Trade-Based Money Laundering

  • Introduction to this Module
  • Trade-Based Money Laundering and Trade-Based Terrorist Financing
  • What is Trade Process and Trade Financing
  • Types of Businesses at Risk of Trade-Based Money Laundering
  • Shell Companies, Freight Forwarders, and Customs Brokers
  • Case Study: Trade-Based Money Laundering
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 2: Trade-Based Money Laundering Trends and Risks

  • Introduction to this Module
  • Risk-Based Approach to Trade-Based Money Laundering
  • Economic Sectors and Products Vulnerable to Trade-Based Money Laundering
  • Common Trade-Based Money Laundering Techniques
  • Trade-Based Money Laundering Risk Assessment
  • Case Study: Use of agricultural products in a trade-based money laundering scheme
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 3: Role of FIU and Governance in Countering TBML

  • Introduction to this Module
  • Financial Intelligence Unit FIU Supervision and Approaches to TBAML
  • TBAML Governance Structure and Program
  • Roles and Responsibilities of TBAML Governance
  • Role of Trade Based Moey Laundering Reporting Officer in the Prevention of TBML Risks
  • Case Study: Use of Vehicles in Trade-Based Money Laundering
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 4: TBML Risks Indicators, Monitoring, and Reviews

  • Introduction to this Module
  • What are different TBML Risk Indicators
  • TBAML Transaction Alerts Monitoring
  • TBAML Transactions « False Positives » and « True Matches »
  • Performing Risk-Based TBML Suspicious Transactions Investigations
  • Conclude on Suspicious Transactions and Activities for Reporting Purposes Internal Reporting of
  • Suspicious Transactions by MLRO
  • Case Study: Black Market Peso Exchange
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Final Assessment

  • Final Assessment

Completing the Program

  • Completing the Program

Ready? Get unlimited access to all courses and webinars by joining our membership today!



Frequently Asked Questions

What are the requirements to take the courses?

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.

Can I download course files and resources for the course?

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.

How long do I have to complete the courses?

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.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

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.

How do I earn my certificates?

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.

How are the exams conducted?

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.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

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.

More Questions?

Email us and we'll be happy to answer any of your questions.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

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.