Understanding Trade Based Money Laundering

Course Outline:

This course will familiarize you with numerous and principles. The quizzes and assessments are not timed but they are scored and your course result will be based on your overall score at the end of the course.  Trade Based Money Laundering (TBML) is the process of disguising criminal proceeds through trade to legitimize their ilicit origins.  This allows people and organizations to illegally earn, move, and store proceeds as legitimate trade. 

Course Topics:

T1: Course introduction. What is TBML? Who commits TBML? Trade Transparency Unit (TTU). Data Analysis and Research for Trade Transparency System.

T2: FATF Recommendations and TBML.  FATF Attention on TBML. The International Trade System. Best Practice Recommendations. TBML Typologies. TBML Risk.

T3: Trade Transparency Unit.  Explanation of the Trade Transparency Unit.

T4: Red Flags of TBML. This unit will explain some of the red flags to watch out for.

T5: Preventing TBML at Your Institution. Advice on how to prevent TBML.

T6: Case studies.