Understand and Act on Trade-Based Money Laundering
In this certificate course, you will learn about the different forms of trade-based money laundering, including VAT fraud and underground financial systems. You’ll also examine trade-based money laundering methods like short shipping, and informal money transfer systems like the Black-Market Peso Exchange.
After completing this certificate, you will have the skills to integrate trade-based money laundering controls within your existing anti-money laundering (AML) and counter-terrorist financing (CTF) programs.
On finishing the course and passing a short assessment, you’ll earn a recognized Trade-Based Money Laundering Certificate from ACAMS to evidence your knowledge.
What is Trade-Based Money Laundering?
Trade-based money laundering (TBML) is one of the three main methods used by criminal organizations and terrorist financiers to move money and hide its illicit roots. It involves the laundering of money through the physical movement of goods through the trade system.
FATF describes trade-based money laundering as: “the process of disguising the proceeds of crime and moving value through the use of trade transactions in an attempt to legitimise their illicit origins”.
Anti-financial crime professionals need to understand the wide range of risks associated with the international trade system, and their indicators, in order to effectively prevent TBML. The ACAMS Trade-Based Money Laundering course breaks this complex topic down into a bite-size learning path, so participants can confidently define TBML, assess the associated risks, and act to mitigate them.
ACAMS Trade-Based Money Laundering Course Content
The content for this certificate course has been written by global subject matter experts, pulling examples from many countries and contexts. Lessons and examples are relevant to any industry, but the primary focus of study is financial institutions, including:
- Banks
- Credit unions
- Asset managers
- Insurance
- Money-services-businesses (MSBs)
- Securities broker-dealers
- Credit card issuers
- Alternate payment systems
Learning objectives of this course:
- Describe the purpose, appeal, and methods of trade-based money laundering
- Assess the AML risk profile of proposed trade transactions
- Integrate TBML controls with your existing AML/CTF program
Virtual Classrooms
This course includes two 90-minute, live Virtual Classrooms. These Virtual Classrooms are pre-scheduled before you purchase the course.
The classroom sessions are designed to help you retain key concepts from the Trade-Based Money Laundering training course. During the Virtual Classrooms, you can interact with fellow participants and the instructor to receive advice and answers to any questions you have.
Pricing
Prices are subject to local taxes.
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