Trade Based Financial Crime Masterclass

International trade finance is a complicated product offered by financial institutions because banks only have visibility limited to the documents only and the fact that there are multiple stakeholders involved in a single trade finance transaction adding further risk and complexity. Multi-millions of transactions are conducted every year supported by shipment of products through millions of vessels, trucks, and aircraft on annual basis, sometime passing higher risk jurisdictions, containing dual-use good or even prohibited items.

Why take this course

This masterclass is focused at enhancing the knowledge and understanding of delegates on key financial crime risks within correspondent banking through practical examples, real life case studies and end to end root cause analysis of key challenges faces by banks while offering correspondent banking services to their clients.

This masterclass will assist the participants to understand global trade, its complexities and attractiveness to criminals, TBML typologies, warning signs, identification & assessment of financial crime risks and best practices.

  • Trade Sales
  • Trade Operations
  • Relationship Managers
  • Transactions Monitoring Specialists
  • Compliance Officers
  • Overview of financial crime in trade finance
  • Key regulatory requirements & industry best practices
  • Identifying Red Flags & warning signs
  • Conducting through trade risk assessment
  • Unwrapping key risks through real life case studies

Delegates of this masterclass shall be assessed through a multiple choice test at the end of the training session. Upon successful completion of this masterclass, delegates will be awarded Sigma Risk certification.

This masterclass may be delivered in person at client premises, at external location or virtually via Zoom or MS Teams.

Full Suite of Sigma Risk Masterclasses

Really liked the interaction, methodology and case studies utilised in this Masterclass. This training will help me to enhance that procedures I need to put in place for the Compliance department, but also for those applied by the Ops department which are designed by the Compliance department.

Marta Denise Leitao de Souza

Compliance Manager, Banco Safra S.A. (Luxembourg)