Trade Based Money Laundering
International trade and trade instruments have important features that make them potentially attractive vehicles to launder criminal money. The sheer volume and international nature of trade, frequent use of offshore entities such as Free Trade Zones and more or less complex trade finance instruments create a cloak of complexity and lack of transparency that the financial criminals seek.
Course Objectives
At the end of the training, participants will be able to:
- Name the 3 key features of a Trade Based Money Laundering (TBML) schemes
- Distinguish 4 TBML techniques
- Identify key TBML Red Flags
- Assess the AML risk profile of proposed trade transactions
Course Content
- An introduction on TBML principles
- Key features of a TBML scheme
- Various TBML methods and techniques used by criminals
- TBML Typologies
- AML red flags
LMS platform & services
i-KYC’s e-learning courses are produced applying the industry standard SCORM 1.2 programming protocol. You may choose to have them delivered to you electronically, ready for uploading to your hosting platform. In case you need a hosting platform or wish to reduce the burden on your HR and IT organisations, i-KYC can support you in the roll-out with our low cost, state-of-the-art Learning Management Solution.
i-KYC offers a comprehensive cloud-based Learning Management Platform with the following essential features:
- Exclusive LMS Platform with own ‘Look & Feel’
- LMS administration and support services
- Hosting of multiple e-learnings (including 3rd party providers)
- Administer other training methods (e.g. classroom training, assessments)
- Scalability, flexibility and operational efficiency
- Monitoring and analytical capabilities
Benefits of the LMS Services
Rapid and no-hassle deployment of your complete learning programme using a dedicated single point of contact.
Create your exclusive Learning Management Platform with company logos and own Look & Feel.
Combine multiple courses in logical groupings to create personalized learning paths for your valued learners to engage.
Add content from various learning service providers (provided courses are SCORM compatible).
Review performance and gain insight into training impact with reports and dashboards, or create custom reports delivered via email.
Instant evidence to internal and external stakeholders of compliance with training-related regulatory obligations.
Special: Audit reporting package for
Management, Local Regulators and Correspondent Bank relations:
- Evidence of course completion of users including Knowledge Check scores & time stamp
- Document with e-learning content (slides) plus list of questions of the knowledge checks
i-KYC’s LMS administration and support services include:
- administration of unique user accounts
- grouping by Teams/Departments;
uploading and installation of e-learning programmes - roll out of e-learning courses to the target group (invitation to attend)
- administration of classroom trainings
- data collection and progress monitoring
- due date follow-up
- periodic management reporting
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