3 learning hours
General practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
The Introduction to Trade Finance Compliance course provides a general, high-level overview of the compliance obligations of financial institutions engaged in trade finance.
Upon completion, you will have developed a general understanding of the regulatory background related to trade finance compliance, the financial crimes risks related to trade finance,
and the “Risk-Based Approach” and how it relates to trade finance products.
Additionally, you will learn the relevant “Know Your Customer” requirements in relation to trade finance and how it relates to trade-based money laundering. Lastly, you will come to understand the implications of sanctions and embargoes on trade finance.
Module 1 Regulatory Background
Module 2 Financial Crimes Risk and the Risk-Based Approach
Module 3 Know Your Customer (KYC) or Customer Due Diligence (CDD)
Module 4 Trade-Based Money Laundering (TBML)
Module 5 Sanctions, Embargoes and NPWMD
Module 6 Transaction Review
Module 7 Transaction Screening
Module 8 Transaction Monitoring
Module 9 Conclusion
Module 10 Assessment
This eLearning course will include a self-assessment tool to help you prepare for the Global Trade Certificate (GTC) Final Examination if you choose to obtain this Certificate. The passing grade for the Final Examination is set at 70%
What is an ICC Academy online course?
ICC Academy courses are delivered via our Learning Management System (LMS) using innovative tools for combining digital learning with industry-centric community discussions.
Our courses are available for purchase individually or as pre-designed packages (ie: Certificates) and are delivered exclusively online. They include videos, animations, case studies, and a self-assessment section and are available to take at any time—anywhere in the world.
This course forms part of our wider Global Trade Certificate programme.