TRADE BASED MONEY LAUNDERING Allied Compliance Consultants "ACC"
Day 1:
- Session 1: Money Laundering & Reverse money Laundering - How to mitigate the risks?
- Money Laundering Vs Reverse Money Laundering
- Money Laundering & Terrorism Financing
- Emerging Trends of Money laundering
- New Dimensions to money laundering
- Workshop 1: Money Laundering & Reverse Money Laundering
- Case Study: Money Laundering & Terrorism Financing
- Session 2: Introduction to Trade Based Transactions
- What is Trade based Transactions?
- The International Trade System
- Role of Financial Institutions in the Settlement of Trade Transactions
- Session 3: Abuse of the International Trade System
- Tax Avoidance and Evasion
- Capital Flight
- Trade Base Money Laundering “TBML”
- Session 4: Trade Based Money Laundering “TBML”
- What is Trade Based Money Laundering?
- Basic Trade-Based Money Laundering Techniques
- Over- and Under-Invoicing of Goods and Services
- Multiple Invoicing of Goods and Services
- Over- and Under-Shipments of Goods and Services
- Sell something for nothing
- Sell nothing for something
- Phantom Shipments
- Falsely Described Goods and Services
- Workshop 2: Trade Based Money Laundering “TBML”
- Case Study: TBML Techniques – Overpricing
- Case Study: TBML Techniques - Underpricing
- Case Study: TBML Techniques – Multiple Invoicing
- Case Study: TBML Techniques – Over-shipment
- Case Study: TBML Techniques – Under-shipment
- Case Study: TBML Techniques – Falsely described goods & services
- Session 5: Detecting Trade Based Money Laundering
- Trade Based Money Laundering Indicators
- Trade Based Money Laundering Scenarios
- Controls to fight Trade Based Money Laundering
- Workshop 3: Detecting Trade Based Money Laundering
- Case Study: Trade Based Money Laundering Indicators
- Case Study: Trade Based Money Laundering Scenarios
- Case Study: Controls to fight Trade Based Money Laundering
- Session 6: Key Findings, Challenges and Issues
- Trade Based Money Laundering Key Findings
- Trade Based Money Laundering Challenges
- Trade Based Money Laundering Issues
- Closing Session: Wrap Up & Conclusion
- Distribution of Certificates
This course is no longer available.
Price: AED 7,342
- Locations: Dubai Riyadh Abu Dhabi Doha Fujairah Ras al Khaimah Jeddah Umm Al Quwain Sharjah Al Ain Ajman Delhi Kurla - Mumbai Qudaibiya - Manama Kuwait City Cape Town Johannesburg Manila Karachi Cairo London Nairobi Lagos Mumbasa
- Duration: 2 Days
- Timings: Part Time, Flexible
Course details
Day 1:- Session 1: Money Laundering & Reverse money Laundering - How to mitigate the risks?
- Money Laundering Vs Reverse Money Laundering
- Money Laundering & Terrorism Financing
- Emerging Trends of Money laundering
- New Dimensions to money laundering
- Workshop 1: Money Laundering & Reverse Money Laundering
- Case Study: Money Laundering & Terrorism Financing
- Session 2: Introduction to Trade Based Transactions
- What is Trade based Transactions?
- The International Trade System
- Role of Financial Institutions in the Settlement of Trade Transactions
- Session 3: Abuse of the International Trade System
- Tax Avoidance and Evasion
- Capital Flight
- Trade Base Money Laundering “TBML”
- Session 4: Trade Based Money Laundering “TBML”
- What is Trade Based Money Laundering?
- Basic Trade-Based Money Laundering Techniques
- Over- and Under-Invoicing of Goods and Services
- Multiple Invoicing of Goods and Services
- Over- and Under-Shipments of Goods and Services
- Sell something for nothing
- Sell nothing for something
- Phantom Shipments
- Falsely Described Goods and Services
- Workshop 2: Trade Based Money Laundering “TBML”
- Case Study: TBML Techniques – Overpricing
- Case Study: TBML Techniques - Underpricing
- Case Study: TBML Techniques – Multiple Invoicing
- Case Study: TBML Techniques – Over-shipment
- Case Study: TBML Techniques – Under-shipment
- Case Study: TBML Techniques – Falsely described goods & services
- Session 5: Detecting Trade Based Money Laundering
- Trade Based Money Laundering Indicators
- Trade Based Money Laundering Scenarios
- Controls to fight Trade Based Money Laundering
- Workshop 3: Detecting Trade Based Money Laundering
- Case Study: Trade Based Money Laundering Indicators
- Case Study: Trade Based Money Laundering Scenarios
- Case Study: Controls to fight Trade Based Money Laundering
- Session 6: Key Findings, Challenges and Issues
- Trade Based Money Laundering Key Findings
- Trade Based Money Laundering Challenges
- Trade Based Money Laundering Issues
- Closing Session: Wrap Up & Conclusion
- Distribution of Certificates
About Allied Compliance Consultants "ACC"
Allied Compliance Consultants “ACC” is an international professional services firm with Global Headquarters in Britain, MENA Headquarters in Dubai, presence in 25 countries and worldwide operations.
Our team of professionals has extensive exposure diversified across the world and can provide all our valued clients with the best services, expert recommendation and quality trainings that help them stay compliant, protect their organizations from criminals, manage their risk and maintain proper corporate governance.
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