In the Understanding Trade-Based Money Laundering course, you'll learn the basics of TBML, focusing on its mechanisms, detection, and prevention. By the end, you'll understand what TBML is, how illicit funds are hidden through trade manipulation, and be able to identify common techniques like over/under-invoicing and falsifying shipping documents. This course equips you to recognize and address TBML efficiently.
Course Overview:
Introduction to Trade-Based Money Laundering:- Definition and key features of TBML.
- The importance of combating TBML within the global financial system.
Mechanisms and Methods:- Common TBML techniques such as over/under-invoicing, multiple invoicing, and falsifying shipping documentation.
- Detailed understanding of the manipulation of trade documents and goods in TBML schemes.
Regulatory Framework and Global Efforts:
- International standards set by organizations like the Financial Action Task Force (FATF).
- National regulations, such as those in the UAE, and the roles of customs and financial institutions in preventing TBML.
Preventing and Detecting TBML:
- Compliance measures, risk management strategies, and case studies on TBML detection.
- The importance of employee training and advanced technological tools in detecting trade anomalies.
Emerging Trends in TBML:
- The rise of digital platforms and e-commerce, use of blockchain and cryptocurrencies, and the exploitation of Free Trade Zones (FTZs).
By completing this course, learners will understand Trade-Based Money Laundering (TBML), recognize its techniques, and become familiar with global regulations. They will gain skills in detecting and preventing TBML using compliance measures and data analytics, while also learning about emerging trends like digital platforms and blockchain.
