This preparation program for the Trade Finance Certification Exam (CTFC) aims to develop experts and practitioners in combating trade-based financial crime; Where trade operations are the backbone of the operations of companies in the financial sector, because most of the credits and collections are implemented through them, through the exchange of goods and money through operations involving several parties. This training program provides participants with the technical knowledge, skills and insights into international best practices in compliance related to trade finance.
At the end of the training program, the participant should be able to:
1 1. ML Definition
2 2. TF Definition
3 3. ML Risks
4 4. TF Risks
5 5. The Most Important Features of AML and CTF Llaws and Rules
1 1. Documentary Collections
2 2. Documentary Credits
1 1. ML from the traditional methods to the TBML
2 2. Free trade regime Vs. Regulation of Trade
3 3. Basic techniques of trade-based money laundering
4 4. FATF red flags relating to trade-based ML and TF
5 5. Distinguishing features of TBML
6 6. Money Laundering Vulnerabilities of Free Trade Zones
7 7. Risks relating to dual-use goods
1 1. The Three-Defense Lines
2 2. Wolfberg Principles
3 3. Trade Finance Customers’ Due Diligence
4 4. Name Screening
5 5. Escalation Procedures
6 6. Use of Technology for Vessel tracking to combat ML and TF risk
A good understanding of English
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Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
bahrain Institute of Banking & Finance
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