Trade-Based Money Laundering Compliance is an intensive 2-day non-residential face-to-face training programme & certification on typologies, techniques and skills to identify trade-based money laundering transactions.
Date : To be announced
Trade Based Money Laundering
Date: March 4-5, 2020
Fintelekt Advisory Services organized a two-day comprehensive training programme on TBML Compliance covering fundamentals of trade and trade finance, international norms governing TBML monitoring, prevalent and emerging TBML typologies, trade transaction due diligence and monitoring and ways to mitigate risks associated with TBML.
The participants of the training were made aware of the practical challenges and complexities while dealing with TBML and key parameters to be considered while handling trade transactions and trade finance customers. Faculty members shared ways to detect transaction patterns, put screening and scrutiny methods in place and emphasized on the importance of thorough customer due diligence. Participants were made aware of the role they can play in curbing TBML and to be vigilant about each and every transaction.
Fintelekt Advisory Services.
Head of Compliance,
February 5, 2020
11.00 am to 12.00 noon Indian standard time
Strong macro-economic fundamentals and global demand is resulting in increasing trade volumes, inherently leading to growing vulnerability of the Indian financial system to being abused for Trade-Based Money Laundering. This Fintelekt Quick Insights Report on the State of Trade-Based Money Laundering Controls in the Indian Banking Industry seeks to understand the progress in implementation of TBML controls among banks, highlight the challenges and discuss the way forward for the industry.