Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
  • Toggle menu
    Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
    • Home
    • Membership
    • Conferences
    • Certification
    • Training
    • News
    • About us

    Russian connections result in bankruptcy for Dutch trade finance bank

    by admin May 3, 2022

    Amsterdam Trade Bank (ATB) has been declared bankrupt by a Dutch court after the lender and its Russian parent were hit by sanctions imposed by the US and Britain in response to Russia’s assault on Ukraine. A subsidiary of Russia’s Alfa Bank, ATB was established…

    news, Trade Based Financial crimes News

    Hin Leong founder faces 105 new charges, 33 related to L/C usage

    by admin July 2, 2021

    The founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, is facing an additional 105 charges, 33 of which relate to letter of credit (L/C) usage, in connection with allegedly fraudulent schemes at his now-defunct trading house. The new charges will add yet…

    news, Trade Based Financial crimes News

    London a haven for money laundering by organised criminals say investigators

    by Mark Ford June 19, 2020

    London has become a haven for money laundering by organised criminal groups, in part because it is so easy to create companies in the UK, according to an investigation by the Organised Crime and Corruption Reporting Project (OCCRP). One of OCCRP’s recent investigations focused on…

    news, Trade Based Financial crimes News

    Trade-based financial crime revealed at bankrupt fishing conglomerate

    by Mark Ford June 12, 2017

    Allegations are emerging of trade-based financial criminality at the recently bankrupted fishing conglomerate, Pacific Andes group. The Hong Kong based conglomerate allegedly used offshore companies to engage in a trade finance fraud to fund its 2013 purchase of fishmeal maker Copeinca, a US bankruptcy trustee…

    news, Trade Based Financial crimes News

    Former executives of bankrupt law firm obtained L/Cs to guarantee salaries

    by Mark Ford July 22, 2015

    Former top executives of Dewey & LeBoeuf LLP, the law firm now in bankruptcy, obtained letters of credit (L/Cs) to ensure that they were paid, even if the now-defunct firm failed to do so. The L/C revelations emerged from a witness during the trial of…

    news, Trade Based Financial crimes News

    Banco Madrid files for bankruptcy in wake of parent’s trade-based money laundering findings

    by Mark Ford March 18, 2015

    Banco Madrid of Spain has filed for bankruptcy in the wake of a run on the bank sparked by a money laundering investigation into its parent company, Banca Privada de Andorra (BPA). Earlier this month, the US Treasury’s Financial Crimes Enforcement Network (FinCen) said BPA…

    news, Trade Based Financial crimes News
    • Log In
    • Sign Up

    Sign up to our mailing list

    * indicates required

    Latest news

    0
    US treasury secretary announces international commitment to enhance beneficial ownership transparency
    By admin
    0
    FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
    By admin
    0
    UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
    By admin

    Trade Based Financial Crime


    Trade Based Financial Crime

    This online training course provides you with the technical knowledge required to succeed within the trade finance compliance landscape.

    More info

    Tags

    Africa AML AML/CFT AML/FCT anti-money laundering Artificial intelligence Asia Bank Secrecy Act (BSA) beneficial ownership blockchain China Corporate Transparency Act counter financing of terrorism Data discrepancies economic sanctions European Commission FATF Financial Action Task Force (FATF) Financial crime compliance Financial Crimes Enforcement Network (FinCEN) FinCEN IFFs illegal wildlife trade Illicit financial flows letter of credit letter of credit money laundering Money laundering Office of Foreign Assets Control (OFAC) Pakistan report Russia Sanctions suspicious activity reports (SAR) suspicious transaction reports (STR) TBML terrorism financing trade-based financial crimes Trade-based money laundering (TBML) trade based money laundering Trade misinvoicing UK under-invoicing US USA US sanctions

    Online Training

    • Supply Chain Finance
    • Sustainability in Trade and Trade Finance
    • Incoterms Online training
    • Trade Based Financial Crime
    • Introduction to Trade Finance
    • Going Global
    • UCP 600 Training
    • ISBP 745 Training
    • URC 522 Training
    • URDG 758 Training
    • ISP98 Training
    • URBPO 750 Online Training
    • ICC Opinions
    • DC Insight
    • ICC Court of Arbitration

    Products

    • Supply Chain Finance
    • Sustainability in Trade and Trade Finance
    • Trade Based Financial Crimes
    • Going Global
    • ISBP Online
    • Trade Finance – ICC Digital Library
    • ICC Arbitration Online training

    Latest Articles

    • US treasury secretary announces international commitment to enhance beneficial ownership transparency
    • FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
    • UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
    • ABA calls on FinCEN to make changes to proposed beneficial ownership rule
    • Washington continues blitz on third-country entities linked to sanctions evasion

    Professional Qualifications

    Certificate in Trade Finance Compliance (CTFC) CTFC is the new industry certification designed to tackle trade finance based crimes across the globe.

    More info

    The Association of Trade Finance Compliance Professionals (ATFCP) © All rights reserved.