Introduction to Trade Finance Compliance

Course code : TF 101-18

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.

Number of teaching lessons : 10 Modules Duration : 3 hours
Level : 1 Language: English
Credit category : 3

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.

This eLearning course is part of the Global Trade Certificate (GTC) and includes a self-assessment tool to help you prepare for the final examination of the GTC.

However, please note you will only be able to take the final exam and recieve the certificate if you purchase the full Global Trade Certficate course. You will not be able to take the exam if you make multiple, separate purchases of individual courses that together make up the GTC.

The pass grade for the GTC exam is set at 70%.

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

Principal of DLTAYLOR Consulting, LLC.

Dan Taylor has forty years experience in the field of international banking. Prior to starting his consulting practice, he was Managing Director and Global Market Infrastructures Executive for J.P. Morgan’s Corporate and Investment Bank.

Mr Taylor is currently Senior Advisor to the Executive Committee of the International Chamber of Commerce Banking Commission in Paris, France, a member of the Financial Crime Risk and Policy Group, and member of the ICC Academy Academic Committee. From 1996 to 2014, he served as a
Vice Chairman of the Banking Commission and served as Chairman of the Commission’s Executive Committee. During his 26-year involvement with the ICC Banking Commission, he served as Co-Chairman of the Bank Payment Obligation Working Group, was a member of the drafting groups for the last two revisions of the Uniform Customs and Practice for Documentary Credits(UCP 500 and UCP 600), and Co-Chairman of the ICC Working Group that created the supplement to the Uniform Customs and Practice for Documentary Credits for e-commerce (eUCP). Additionally, he was Chairman of the working group that created the Uniform Rules for Bank-to-Bank Reimbursements Under Documentary Credits and was a member of the working group that created the International Standby Practices (ISP98).

Mr Taylor has participated in the U.S. Department of the Treasury, Bank Secrecy Act Advisory Group and the Financial Action Task Force Private Sector Consultative Forum.

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