Trade Based Money Laundering

Offered byState Bank of India

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Course Info

Trade Based Money Laundering
at
State Bank of India
Overview

Unmasking Illicit Transactions: A nuanced exploration of Trade-Based Money Laundering, dissecting methods, risks, and strategies for effective prevention and detection.

Duration	5 weeks
Total fee	Free
Mode of learning	Online
Difficulty level	Intermediate
Official Website	Explore Free Course
Credential	Certificate

Trade Based Money Laundering
at
State Bank of India
Highlights

Earn a Paid Certification after completion
Doubt support sessions available
Access to course content

Trade Based Money Laundering
at
State Bank of India
Course details

Skills you will learn

Money laundering Risk Management Accounting

What are the course deliverables?

The learners will gain an understanding of Money Laundering using Trade.
The learners will gain deeper insights into the Typologies, Red flags, countermeasures and regulatory framework with regard to TBML.
Appropriate guidance on different Methods of trade settlement
The Role of prominent Regulatory Agencies like FATF has been discussed.
The Learners will understand the role of Banks in the identification and mitigation of TBML
The learners will assimilate the importance of technology and a comprehensive approach to future preparedness required to counter TBML.

More about this course

In this course, we shall endeavour to describe how illicit financial flows are integrated into the formal financial system in the guise of trade. The course covers in detail the concept of Trade-Based Money Laundering(TBML), Its Procedure and Mechanism with case examples.
TBML Typologies, Red Flags and Countermeasures are also discussed at length. Various methods of trade settlement have also been covered.
The role and responsibilities of FATF, Policymakers, Law enforcement and bankers, Sanctions imposed by OFAC/EU/UN on various entities and the effectiveness of all these measures are vividly covered.

Trade Based Money Laundering
at
State Bank of India
Curriculum

Section I: Introduction

Subsection 1: About the course

Subsection 2: Brief Objectives

Section II: Illicit Financial Flows

Subsection 1: Stages of Money Laundering

Subsection 2: AML Measures over the years

Section III: Methods of Trade Settlement & Intermediaries

Subsection 1: Open Account Transactions

Subsection 2: Documentary Collections

Section IV: Typology and Red Flags

Subsection 1: Types of TBML

Subsection 2: Customer Red Flags

Section V: Regulatory Framework

Subsection 1: An Overview

Subsection 2: Role of FATF

Section VI: Future Preparedness

Subsection 1: Technology : An enabler or Impediment

Subsection 2: Emerging Trends and Counter Measures

Trade Based Money Laundering
at
State Bank of India
Faculty details

Seema Srivastava

Smt. Seema Srivastava, Asstt. Gen Manager & Faculty is a post-graduate in Business Economics and graduate in Physics from the University of Delhi and a CAIIB. She is Probationary Officer of 1998 batch. She has served in various assignments in the Bank covering International Banking, SME credit and Retail Banking.

Umamahesh Viswanadam

Shri Umamahesh Viswanadam, Chief Manager (Faculty) IB is B.Sc., CAIIB, FRM and joined bank in year 2000. He is a Trainee Officer of 2006 Batch. He worked as Divisional head (P Segment) and then Branch head of Personal Segment, SME and Agriculture intensive branches.