Trade Based Money Laundering (Tbml) - A Compact Guide
Date: 10 April 2024 | Posted by: AD-TEAM
Trade Based Money Laundering (Tbml) - A Compact Guide
Published 4/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English
| Size: 639.89 MB[/center]
| Duration: 1h 54m
TBML Typologies | Red Flags and Risk Indicators | Case Studies | AI/ML in combating TBML
What you'll learn
Learn the Fundamentals of Trade Based Money Laundering (TBML)
Master the Basics of Methods and Typologies in TBML
Identify Red Flags and Risk Indicators of a possible TBML transaction
Stay Ahead in the Competitive Global Trade Environment by knowing the use of AI/ML in combating TBML
Requirements
No prerequisites
Description
A 360 degree overview of Trade Based Money Laundering (TBML) covering all the basic concepts 50+ Multiple Choice QuestionsLatest Update 2024 - Use of AI/ ML in combating Money LaunderingTrade Based Money Laundering (TBML) is a vast and ever-changing subject. It has been a massive pain point for regulatory bodies and financial institutions since decades. As a trade finance practitioner, or a international trader it is an absolute necessity to have a basic knowledge about trade based money laundering. This course provides you an overview about TBML in a no-nonsense, compact and easy-to-understand way. This course starts from the very basics, goes through all the essential knowledge of TBML techniques and typologies, red flags and risk indicators and control mechanisms. It also covers how artificial intelligence and machine learning (AI/ML) is changing the way trade based money laundering is countered.With quizzes, practice test combined with English captioning, you are well equipped to up-skill yourself most effectively when you enroll in this course.Ideal for:Trade Finance PractitionersBusiness Analysts and Consultants of Trade FinanceEntrepreneurs and Small Business Owners Engaged in Global TradeWhat this course covers:Introduction to Trade Based Money LaunderingTrade Based Money Laundering (TBML) Vs Trade Based Financial Crime (TBFC)Trade Based Money Laundering Techniques and TypologiesGoverning/ Contributing bodies related to Trade Based Money laundering and Financial CrimesTBML Red flags/ Risk IndicatorsTBML Case StudiesControl Mechanisms to counter TBMLUse of AI/ ML in combating Money LaunderingResourcesPractice Test
Overview
Section 1: Introduction to Trade Based Money Laundering
Lecture 1 What to expect from the course?
Lecture 2 Trade Based Money Laundering - Why learn at all?
Lecture 3 Revise - Main aspects of International Trade
Lecture 4 How is TBML different from other money laundering methods?
Section 2: Trade Based Money Laundering (TBML) Vs Trade Based Financial Crime (TBFC)
Lecture 5 Differences in Definitions
Lecture 6 Types of TBFCs
Section 3: Trade Based Money Laundering Techniques and Typologies
Lecture 7 Stages - Placement, Layering and Integration
Lecture 8 Over and Under Invoicing/ Over and Under Shipments
Lecture 9 Multiple invoicing of goods
Lecture 10 Falsely described goods
Lecture 11 Black Market Peso Exchange
Section 4: Governing/ Contributing bodies related to TBML and Financial Crimes
Lecture 12 Financial Action Task Force (FATF)
Lecture 13 Wolfsberg Group
Lecture 14 Egmont Group
Lecture 15 Asia/Pacific Group on Money laundering
Lecture 16 Global Coalition to Fight Financial Crime (GCFFC)
Section 5: TBML Red flags/ Risk Indicators
Lecture 17 Red Flags - Jurisdictions
Lecture 18 Red flags - Goods
Lecture 19 Red flags - Corporate Structures
Lecture 20 Red Flags - Transactional activity
Lecture 21 Red flags - Documentation
Section 6: TBML Case Studies
Lecture 22 Co-mingling of legal and illegal funds - blood diamond trading
Lecture 23 Over-invoicing - Disguising criminal proceeds
Lecture 24 Under-shipping - Disguising criminal proceeds
Lecture 25 Underground banks and Fictitious Diamond Trading
Lecture 26 Use of gold trading in TBML
Lecture 27 TBML in Recent News
Section 7: Control Mechanisms to counter TBML
Lecture 28 Financial Crime Risk Assessments
Lecture 29 KYC, CDD and Sanctions Screening
Lecture 30 Example - Possible red flags in a LC transaction and the Control Mechanisms
Section 8: Use of AI/ ML in combating Money Laundering
Lecture 31 Possible uses of AI/ML in combating money laundering
Lecture 32 Methods/ Approaches used in AI modelling for AML compliance
Lecture 33 Current applications of AI/ML in AML compliance
Lecture 34 Important factors determining the success of AI in combating TBML
Section 9: Resources and Practice Test
Lecture 35 Extra: Helpful Resources and Further Studies
Trade Finance Practitioners,Business Analysts and Consultants of Trade Finance,Entrepreneurs and Small Business Owners Engaged in Global Trade
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