- Duration: TBA
Course details
Contents
Introduction to international trade Incoterms2010
Methods of payment
- Open account
- Advance payment
- Collection
- Documentary credit
- Bank payment obligation
Collections (URC522)
- How collection work
- The parties of collection
- Responsibilities of the bank
Letters of credit (UCP600)
- How letter of credit works
- Parties of a letter of credit
- Types of letter of credit
- Responsibilities of the banks
- Payment under a D/C
- Special types of letters of credit
Bank payment obligation:
- Introduction to URBPO
- The need for BPO
- Setting the scene for a BPO
- BPO Initiation
- BPO Fulfilment
- The parties involved in a BPO
TBML
Introduction:
- Definitions
- ML from the two traditional methods to the TBML
- Free trade regime Vs. Regulation of Trade
basic techniques of trade-based money laundering
Distinguishing features of the dynamic environment for TBML
Main areas to be focused by Authorities to increase effectiveness in combating TBML
Money Laundering Vulnerabilities of Free Trade Zones
The Wolfsberg Group
Proliferation financing
FATF's Trade-Based Money Laundering "Red Flag" Indicators
- Red flags relating to financial & banking products
- Red flags with regard to jurisdictions
- Red flags with regard to goods
- Red flags with regard to corporate structures
case studies
Updated on 28 December, 2017About Institute of Finance
The Institute was first established by the Saudi Arabian Monetary Agency in 1964 under the name of “ Institute of Banking Training ” At that time, the institute provided only conventional academic education where the trainees, who were banking sector employees, were granted, after successfully passing the courses, a diploma in banking and financial studies. With the acceleration of the development of the banking business and the increasing introduction of advanced technologies in the banking sector, it became essential to change the Institute's goals and strategies to respond to such changes and to cope with the expectations of the leaders of the banking and financial sectors.
In 1989, SAMA established the present institute under the new name of “ The Institute of Banking''.
In 2015, the Institute of Banking has changed its name to the “Institute of Finance” with a new mission.
See all Institute of Finance coursesAnti Money Laundering Related Questions
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