Certified Trade-Based Money Laundering Expert

Trade finance is a highly specialized area of knowledge. Compliance officers dealing with TBML often find it difficult to understand cross-border transactions, complex documentation, products, and pricing-related issues. Without the right amount of knowledge, AML compliance teams will not be able to create guidelines and put processes in place to effectively monitor TBML within the organization.

Trade-Based Money Laundering takes advantage of the complexity of trade systems. International trade involves multiple parties and jurisdictions. Performing AML checks and customer due diligence becomes a difficult process.

Certified TBML Expert is an important tool for financial institutions to combat TBML. From registration to certification, the process can be completed online. It is a video learning course, which is supported by real-life problem-solving assignments. This program is also helpful for law enforcement agencies and their staff.

Trade-based Money Laundering also known as TBML is the newest form of Money Laundering and is known to cause a loss of billions of dollars annually throughout the world. Many trade finance professionals from the private sector banks are benefited due to this program.

This TBML certification program details the techniques used by money launderers to manipulate trade transactions and launder tainted funds from various geographical locations. Common forms of TBML include over- and under-invoicing goods and services, over-and under-shipments of goods etc.

The Financial Action Task Force (FATF) provides guidance on the TBML-related issues and sites many examples. Several shell companies purchase electronic goods with funds derived from criminal activities — and then sell the goods to buyers in high-risk countries with minimum due diligence. The proceeds of crime are then directed back to the shell companies.

The emphasis of this Certification on TBML is early warning signs, which are explained in-depth to help the certified TBML professionals to detect suspicious activities. A special emphasis is laid on the challenges in the investigation of this crime. The role of banks and other intermediaries is also highlighted in the detection of red flags of trade-based money laundering.

The only way of integrating tainted money into the formal economy is by disguising the origin of the funds. The modus operandi ranges from creating fictitious documentation of legitimate trade transactions to moving illicit goods. These tactics of converting tainted money into a clean economy are complex and it is extremely challenging to detect the red flags of these activities.

Seeing the exponential growth of trade in the global scenario, trade-based money laundering poses an immediate threat as a significant channel of criminal activity and exposes businesses across countries to the risk and vulnerabilities of being involved in terrorist financing.

TBML Certification Syllabus

The syllabus for the Certification in TBML is designed carefully to address the needs of compliance professionals working in the International Banking domain. We endeavor to keep the course updated with the new developments in the domain. The curriculum of Certification is divided into various sessions listed below

How does the course on TBML benefit you?

• Through understanding the concept of Anti Money Laundering provisions related to International Trade
• A detailed explanation of the various methods used by criminals for TBML
• Identification of early warning signs of suspicious trade transactions
• Critical assessment of the role of banks and other intermediaries in the process of trade transactions

Registration

As soon as your payment is received, you need to go to visit the Profile page created for every member to make sure that all your admissions and certifications are reflected correctly. Once the registration is completed then you can also visit the course page to kick-start your e-learning journey with Indiaforensic.