Trade Finance Compliance 2

DEO-04-AFIT-003 Trade FInance Compliance 2
In this second course on Trade Finance Compliance we will focus on management of International Sanctions and the treatment of Embargoed or Dual Use Goods along with the evermore crucial area of Anti-Money-Laundering and Counter-Terrorist Financing. 

We will identify certian common Red Flags in Trade Transactions and examine transaction monitoring in trade finance departments.

Finally we will wrap up with a look at Governance in general from a Trade Finance Perspective and review tools and resources available for Trade Finance Compliance Officers.

Completing this course will confer 3 CPD Credits towards internationally recognised Continuous Professional Development Requirements within organisations operating this kind of staff development methodology.

Course Outline

1. SANCTIONS HANDLING BY BANKS
 1.1 Sanctions Screening
 1.2 Sanctions sources
 1.3.1 Sanctions Standard Practice
 1.3.2 Sanctions Standard Practice
 1.3.3 Sanction clauses in trade finance transactions
 1.2 IIBLP Sanctions Clause
2. MONEY LAUNDERING/TERRORIST FINANCING
 2.1 Red Flags
3. DUAL USE – EMBARGO GOODS
 3.1 Market Sentiment Regarding Trade Finance

 3.2 Ways to Screen Goods
4. RED FLAGS IN TRADE FINANCE TRANSACTIONS
 4.1 Evaluating Red Flags
 4.2 Red Flags in the Transaction
 4.3 The Goods and Size of Shipment Red Flags
 4.4 Transport Red Flags
 4.5 Payment Red Flags
 4.6 Country Red Flags
 4.7 Party / Parties Red Flags
 4.8 Discrepancies Red Flags
 4.9 Unusual Documentation Red Flags
5. TRANSACTION MONITORING IN TRADE FINANCE
 5.1 Co-operation between the 3 levels
 5.2.1 Transactional Due Diligence in Practice
 5.2.2 Attention to Wording     
6. GOVERNANCE
 6.1 Trade processing staff
 6.2 Trade Finance Management
 6.3.1 Investigation
 6.3.2 Investigation (continued)
 6.4 Logging and monitoring
 6.5 Compliance Training
 6.6 Compliance Tools
 6.7 Compliance Checklist
Further Reading
Forums Assignment

Our Trade Finance courses were awarded Best Online Trade Finance Accredited Courses Globally by Capital Finance International Magazine in 2019!  Our trade finance online training offerings are endorsed by the International Finance Corporation for professional development in this area by its issuing and partner banks.  Our online certificate program is a great value for money way to prepare for the exams of the CDCS and CITF exams.  All our courses are also accredited for Continuous Professional Development (CPD) purposes by the CPD Certification Service of the United Kingdom which confirms they meet international CPD standards