Course Outline:

This is specially designed to help the participant to gain a comprehensive understanding of the intricacies of trade-based financial crimes. Risks that the banks are exposed? Equip you with essential tools and techniques to detect and protect your organization from financial crimes.

Examples of Trade Finance Crimes:

1. To finance the terrorist activities and to conceal the real buyers which could be a sanctions party.
2. To send back the drug money or illegal money to the supplier;
3. To create financing but there is no real underlying trade.
4. To buy dual use goods for restricted country.

The ICC Global Trade Finance survey 2015 reported that “18.5% of survey respondents experienced an increase in allegations of fraud & 6.1% of respondents reported increases in court injunction barring payment under trade finance instruments.”

Objectives of this seminar:

1. What are the technological and services providers offering in the market.
2. What are the roles of Compliance, sales or relationship manager and operations in mitigating Trade Finance Fraud Risk.
3. Understand current control frameworks and processes largely used by Banks.
4. Understand the weakness and challenges of current framework and process.
5. How to handle transaction due diligence (red flag check) and resolution.
6. What could be done better in future to avoid these risks.
7. Discuss cases to analysis what are the risks and cautions that Banks could be taken.

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