Trade-Based Money Laundering (TBML) Course

Course Description

Embark on an eye-opening journey into the world of Trade-Based Money Laundering (TBML) with this comprehensive course offered by the State Bank of India. As the largest and most underrecognized money laundering methodology globally, TBML poses a significant threat to financial systems worldwide. This intermediate-level course is designed to equip you with the knowledge and skills necessary to identify, mitigate, and combat TBML effectively.

What Students Will Learn

• A deep understanding of TBML concepts and mechanisms
• The ability to identify TBML typologies and red flags
• Knowledge of various trade settlement methods and their vulnerabilities
• Insights into the regulatory framework and the role of international organizations
• The importance of customer due diligence and transaction monitoring
• The impact of technology on TBML and future preparedness strategies

Prerequisites

There are no specific prerequisites for this course. However, a basic understanding of financial systems and international trade would be beneficial.

Course Coverage

• Introduction to illicit financial flows and money laundering stages
• Concept and magnitude of TBML
• Methods of trade settlement and the role of intermediaries
• TBML typologies and red flags
• Regulatory framework and the role of FATF, OFAC, UN, and EU
• Banks' perspective on TBML
• Future trends and countermeasures in TBML

Who This Course Is For

• Banking professionals
• Compliance officers
• Law enforcement personnel
• Customs and tax authorities
• Financial regulators
• Anyone interested in understanding and combating financial crimes

Real-World Application of Skills

1. Enhancing compliance procedures in financial institutions
2. Improving risk assessment and due diligence processes
3. Developing more effective transaction monitoring systems
4. Assisting in investigations of potential TBML cases
5. Contributing to policy-making and regulatory improvements
6. Strengthening international cooperation in fighting financial crimes

By completing this course, you'll be at the forefront of combating one of the most significant financial crimes of our time, equipped with the knowledge and skills to make a real difference in the fight against Trade-Based Money Laundering.