Majority of the banks and regulatory organizations who have failed to put adequate Anti Money Laundering (AML) and sanctions compliance programs and training in place have incurred penal fines, reputational damage and faced the potential loss or suspension of their ability to operate in certain currency markets or jurisdictions. This workshop is therefore focused on the associated AML and sanctions compliance risks in Trade Finance. The course is geared to, and has been designed for correspondent bankers, trade operational and sales personnel and compliance officers to enable them to identify compliance risk zones in each of these product areas. The course uses a range of typologies, exercises and case studies to develop the understanding of delegates in a practical and engaging way across a range of scenarios. Delegates to the program will understand the function, parties, role, operation, compliance risks & red flags of: - Fundamental role of correspondent banking in international trade flows - High compliance risk characteristics and vulnerabilities - Trade finance products (LCs, collections, bank aval) - Guarantees, standby LCs, transferable guarantees - Pre-export finance - Trade receivables purchase finance - SWIFT messages
| Venues | Dubai | Dublin | Edmonton | Ghana | London | Nigeria |
|---|---|---|---|---|---|---|
| Dates | TBD | TBD | TBD | TBD | TBD | TBD |
| Cost | $4,000 per participant (USD) (=N=) | |||||