Anti-Money Laundering: Fundamentals - Offshore Law Firms
45 Minutes
Trade-Based Money Laundering: Red Flags and Responsibilities
Title
Topic
Duration
Industry
Jurisdiction
Type
Description
Trade-based money laundering is one of the hardest forms of financial crime to detect, and banks that finance trade sit right in its path.
This course shows trade operations, relationship management and payments staff how criminals misuse invoices, shipments and payments to move value across borders. Learners follow a realistic case across three desks in a bank, spot red flags, apply the right level of due diligence, and learn how to report a suspicion without tipping off.
Course Objectives
- Explain the purpose of trade finance and why it carries a heightened risk of money laundering
- Recognise the common techniques used to launder money through trade and the red flags linked to each
- Apply the right level of customer due diligence to trade customers, counterparties and transactions
- Report a suspicion correctly, and avoid tipping off or prejudicing an investigation
Fill in your details below to instantly view the course for free.
This is a trial version of the course Trade-Based Money Laundering: Red Flags and Responsibilities Please note, we do not offer certificates for trial course completions.
By filling in this form you agree to share your information with VinciWorks. We take privacy seriously, click here to read our privacy notice.
Similar Courses
Anti-Money Laundering Advanced: for Law Firms in Australia
1 Hour
Anti-Money Laundering Fundamentals: for Law Firms in Australia
45 Minutes
Anti-Money Laundering Fundamentals: for Accountancy Firms in Australia
45 Minutes
Anti-Money Laundering Advanced (Regulated Business)
1 Hour
Anti-Money Laundering Advanced (Global Regulated Business)
1 Hour
