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Certificate in Trade Compliance and Export Controls

Enroll in the Certificate in Trade Compliance and Export Controls and take your Sanctions Compliance Career to the next level!

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Course Description

This comprehensive program offers a deep dive into the intricate world of trade, export controls, and trade compliance, tailored to provide participants with the foundational knowledge and practical skills required in the rapidly evolving global market landscape. Covering a wide range of topics, this certificate program is segmented into four core modules, each supported by case studies, quizzes, and further reading materials to enhance the learning experience.

Module 1 focuses on the fundamentals of trade. Participants will embark on a journey through the essentials of trade, exploring the distinctions between imports and exports, understanding the nuances of export documentation, and grasping the processes behind exporter CDD/KYC. Real-world applications are illustrated through a case study, delving into the broader export controls implemented by banks. An encompassing multiple-choice quiz and a curated list of further readings provide opportunities for learners to reinforce their knowledge.

Delving deeper into the regulatory aspect, Module 2 introduces participants to the realm of trade compliance. The content sheds light on the core concepts of compliance and, more specifically, trade compliance. A significant portion is dedicated to understanding trade-based anti-money laundering requirements, with a focus on FATF guidance on the topic. To provide context, the module dives into the risks inherent in trade transactions and offers insights into risk mitigation. A hands-on case study on planning and monitoring trade transactions provides a practical perspective, equipping participants with actionable strategies for real-world application.

Module 3 provides a thorough overview of trade-based money laundering (TBML). Participants will understand the core concept of money laundering, its stages, and the predicate offenses associated with it. This module will also detail the various methods criminals employ to exploit trade for illicit purposes. This understanding will be further enriched with a case study examining how organizations effectively monitor their trade transactions, offering a practical lens through which participants can view the theory.

The final leg, Module 4, delves into the specifics of setting up a robust trade-based anti-money laundering program. From understanding governance structures to recognizing red flags in trade transactions, participants will be equipped with the knowledge to establish and oversee an effective TBAML program. Insights into the roles of TBAML management committees, TBAML Reporting Officers, and the intricacies of TBAML reviews and reporting are provided. A case study focusing on AML/KYC documentation ensures that learners can bridge theory with practice.

Upon successful completion of the four modules and their respective assessments, participants will be awarded the « Certificate in Trade Compliance and Export Controls, » signifying their proficiency in the domain. This program serves as a beacon for professionals aiming to excel in the complex world of global trade and compliance.


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

  • Discuss the concepts of Trade, Imports, and Exports.
  • Discuss the concepts of Export documentation, Export process, including open account and documentary collections.
  • Discuss export related controls, which financial institutions such as banks are required to develop and implement, to ensure that export transactions, and parties involved are identified, screened and controlled
  • Discuss the concepts of compliance, trade compliance, and risks involved.
  • Discuss the trade-based money laundering requirements, and overview of Financial Actions Task Force (FATF) requirements related to trade-base compliance
  • Discuss the money laundering, methods of money laundering, and terrorist financing.
  • Discuss the overview of trade-based money laundering, different methods used to perform the trade-based money laundering activities and how a newly formed bank implements “off-site trade transaction monitoring” process to control the trade transactions.
  • Discuss the Governance Structure and Oversight of Trade Transactions.
  • Discuss the Red Flags considered in Trade Transactions.
  • Discuss the roles of TBAML Management Committee, importance of development and Implementation of TBML Policies and Procedures, TBML Reviews and 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: Introduction to Trade

  • Introduction to this Module
  • Introduction to Trade
  • What are Imports and Exports
  • 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
  • Further Reading and References

Module 2: Introduction to Trade Compliance

  • Introduction to this Module
  • What is Compliance?
  • What is Trade Compliance?
  • Overview of Trade-Based Anti-Money Laundering Requirements
  • Overview of FATF Guidance on Trade-Based Money Laundering
  • Risks Involved in Trade Transactions and Dealing with Those Risks
  • Case Study: Planning and Monitoring Trade Transactions
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Modul 3: Overview of Trade-Based Money Laundering

  • 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
  • Different Methods of Trade-Based Money Laundering Used by Criminals
  • Case Study: How an Organization Performs its Trade Transactions Monitoring
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 4: Trade-Based Anti-Money Laundering Program Requirements

  • Introduction to this Module
  • Governance Structure and Oversight of Trade Transactions
  • What Red Flags are considered in Trade Trans
  • Role of TBAML Management Committee
  • Development and Implementation of TBML Policies and Procedures
  • Role of TBAML Reporting Officer or TBMLRO
  • TBAML Reviews and Reporting
  • Case Study: Trade-Based AML/KYC Documentation
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Final Assessment

  • Final Assessment

Completing the Program

  • Completing the Program

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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?

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