Trade finance and the risk of money laundering 2023 | UK Finance | 6 June 2023 | Online Event
Venue
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| Event Date |
Wed Jun 7 UTC (over 1 year ago)
In your timezone (EST): Tue Jun 6 8:00pm - Tue Jun 6 8:00pm |
| Location | Online Event |
| Region | All |
Details
With the world situation as it is, the risk of money laundering in trade finance remains a constant and therefore so does the focus of the regulator on your firms systems and controls to mitigate that risk – you only have to look at recent fines. Heightened sanctions and embargos mean criminals look for different ways to launder money through international trade. Those in the frontline, involved in trade finance, need to know about the risks involved and understand how to spot red flags and deal with suspicious activity.
Learning outcomes
By the end of the workshop, you will be able to:
• Clarify your understanding of money laundering and terrorist financing and the resulting offences
• Discuss the scale and the scope of the risks of money laundering in trade finance
• Confirm the role you need to play in mitigating the risk of financial crime in trade finance
• Understand the FCA and other relevant regulator requirements
• Discuss how suspicious activity reports should be utilised within your firm
• Know how to monitor and manage trade finance and the associated compliance needed
• Ensure customer due diligence is conducted and applied robustly
Speakers
2023 Speaker
Martine Allen
Fraud Stategy Manager, Barclays Bank