This course offers a complete introduction to Trade-Based Money Laundering (TBML)—one of the most sophisticated methods criminals use to move illicit funds and finance terrorism. Participants will gain practical knowledge and skills to recognize, detect, and mitigate TBML risks in their organizations.
By the end of this course, you will be able to:
Understand the basics of TBML – Learn what TBML is, why it matters globally, and how criminals exploit international trade channels.
Recognize common laundering techniques – Explore over-invoicing, under-invoicing, multiple invoicing, and other manipulation tactics used to disguise illicit funds.
Navigate detection challenges – Understand the complexities of large trade volumes, global supply chains, and the lack of international standardization.
Spot red-flag indicators – Identify unusual trade patterns, mismatches in goods and payments, and inconsistent shipment details.
Learn from law enforcement practices – Discover how regulators and international agencies investigate TBML, and the importance of collaboration.
Apply detection tools and methods – Gain insight into both manual and automated techniques for identifying suspicious trade transactions.
Assess economic impacts – Understand how money laundering undermines financial stability, fair competition, and market integrity.
Stay compliant with regulations – Learn about FATF guidelines and international frameworks that set compliance obligations for financial institutions.
Manage banking sector risks – Examine how TBML specifically impacts banks, and apply risk mitigation strategies tailored for financial operations.
Stay ahead of evolving threats – Recognize emerging TBML practices and understand the importance of continuous monitoring and adapting compliance policies.
