Overview
Malaysian Export Academy Presents
Trade Based Money Laundering and Trade Based Financial Crimes
| 9.00 am – 5.00 pm | Empire Hotel Subang
[HRD Corp Claimable Courses]
Objectives
Upon completion of this course, participants will:
- Understand the definition, purpose, and scope of Trade Based Money Laundering (TBML) and Trade Based Financial Crimes (TBFC).
- Recognize the reasons and intricacies of TBML and TBFC, and how fraudsters perpetuate and move criminal proceeds.
- Be alert to the mechanics, methods, tactics, and modus operandi of TBML.
- Understand the three phases of TBML and the inherent red flags and warning signs.
- Learn how to manage and mitigate TBML/TBFC risks through enhanced due diligence and strong customer profiling.
- Be aware of the roles, responsibilities, best practices, and structure of Compliance Management, and how it interfaces with Risk Management, Audit, and Legal functions.
Who Should Attend
Officers, Assistant Managers, and Managers in Finance & Treasury, Business Development, Sales & Marketing, Purchasing, Shipping, Risk Management, Audit, and Compliance.
Course Outline
- Introduction to Trade Based Money Laundering (TBML)
- Trade Based Money Laundering Methods
- Impact of TBML and TBFC on Financial Institutions or Corporates
- Combating TBML & TBFC Risks
- Mechanics of a Trade Based Money Laundering Transaction
- Introduction to Trade Based Financial Crime (TBFC) and Compliance
- Understanding Trade Based Financial Crimes and Associated Risks
- Trade Finance Compliance Department & Management System
- Overview and discussion on recent real-life cases of TBFC / TBML
- Dual Use Goods and Products, Circular Trade & Synthetic LCs
CERTIFICATE OF PARTICIPATION
Participation Fee
RM2,160.00 per person (2-day course) – Inclusive of lunch, tea breaks, course notes, certificate of participation, and 8% SST.
HRD Corp Claimable Course – refer to the training brochure for claim details.
Â