Combating Trade Based ML: Rethinking the Approach 2019 | PRMIA - Professional Risk Managers' International Association | 26 June 2019 |
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| Event Date | Wed Jun 26 EDT (over 5 years ago) |
| Region | Americas |
Details
Thought Leadership Webinar: Over the years, regulators have categorized trade finance as a “higher risk” business for money laundering, terrorist financing, and potential breach of sanctions. Growing complexities and volumes of trade flows create opportunities for criminal organizations to launder proceeds of crime through the international trade system. Consequentially, Financial Institutions have been facing much difficulty in monitoring and implementing controls in their trade finance business to combat trade-based money laundering (TBML).
Webinar Overview:
• Overview of Trade Based Money Laundering
• Regulatory Landscape & Consequences of Breaches
• TBML Methodologies
• TBML to include Sanctions & Circumvention
• Trade Red Flag
• Case Study
Key Takeaways:
• Define Trade-based Money Laundering
• Distinguish between Cash based & Trade based Money Laundering
• Identify the methodologies used in trade-based money laundering
• Identify Sanctions related activities & Circumvention attempts in trade transactions
• Explain other Red Flags related to trade-based money laundering
Speakers
2019 Speakers
Firuzi Kotwal
CEO, Visionary Mindset