معهد الدراسات المصرفية

المملكة الأردنية الهاشمية

Trade Based Money Laundering


المحاضر تاريخ البداية تاريخ النهاية توقيت البداية توقيت النهاية مكان الانعقاد عدد الساعات سجّل الآن
2019-09-22 2019-09-25 16:30 20:00 عمان 14
سجّل الآن

(Objectives / الأهداف)

:

By the end of this training course, participants will be able to:-

- Discover all suspicious transactions for trade finance products like (Letter of Credits , Documentary Collection , Letter of Guarantees) that may involve money laundering , and how to prevent such transactions.

- Decide when to file SARS (Suspicious Transactions Reports) to AMLUs (Anti Money Laundering Unit).


(Contents / المحتويات)

:

-  Introduction to Trade Based Money Laundering.

-  Money Laundering  and Trade Based Money Laundering Steps.

-  Trade Based Money Laundering Responsibility.

- Trade Based Money Laundering Typologies (Over and Under Invoicing , Over and Under Shipment, Falsely Descried of Goods and Phantom Shipping).

- Red Flags in Trade Finance Products FATF , FCA , Wolfsberg ,  The Federal Financial Institutions. Examination Council's (FFIEC) and best practice .

- Sanctions.                  

- How To Track Vessels , Containers (how to check if the container is valid or not) and Ownership Structure for Vessel .

- Future Bill Of Lading Date , Intended Vessel without Vessel Name , Onboard Notation Date.

- Due Diligence Related to High Risk Transactions and Countries.

- Sensitive Goods , Dual Use Goods , HS Codes , Switch Bill of Lading , Forwarder Cargo Receipt.

- When to Report SARS to Anti Money Laundering Unit (FIUS) for Trade Based Money Laundering  Transactions (Articles under UCP 600).

- Boycott Clauses.

-  Transferable  LCS , LGS and  Assignment Of Proceeds under LCS , LGS.

- Sanction Clause , Payments Against LOI (Letter Of Indemnity) , Available with any bank , Documents Accepted as Presented.

- Selected Case Studies .



(Participants / المشاركون)

:

- Bank staff working in the departments of :

- Compliance.

- Commercial and trade finance.

- Risk management.

- Internal audit.

- Legal.