Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
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    Global Forum reports on African plans and progress to stem IFFs

    by admin June 24, 2022

    A lack of transparency facilitates all types of illicit financial flows (IFFs) in Africa, including money laundering and terrorism financing, corruption as well as tax evasion according to a new report published by the Global Forum on Transparency and Exchange of Information for Tax Purposes….

    Trade Based Financial crimes News

    Banks drawn into reputational laundering networks to obscure illicit gains

    by admin June 13, 2022

    Reputation launderers, notably public relations agencies and law firms, are distorting the financial crime and sanctions risk profiles of kleptocratic regimes and oligarchs seeking to launder and protect their illicit gains according to academic and investigative researchers. Banks can also be drawn into reputation laundering…

    Trade Based Financial crimes News

    Glencore agrees to pay over US$1.1 billion for commodity price manipulation scheme and FCPA violations

    by admin May 27, 2022

    Glencore Ltd, a member of the multi-national commodity trading and mining firm headquartered in Switzerland, has pleaded guilty and agreed to pay US$485 million to resolve the US government’s investigations into a commodity price manipulation scheme. Separately but at the same time, Glencore International AG…

    Trade Based Financial crimes News

    Financial crime trends guidance issued by accountants

    by admin April 1, 2022

    The International Federation of Accountants (IFAC) and the Institute of Chartered Accountants in England and Wales (ICAEW) have produced an instalment on financial crime trends for their Anti-Money Laundering: The Basics educational series. It looks at the trends in criminal activity that underpin money laundering operations and provides…

    Trade Based Financial crimes News

    Credit Suisse documents prompt calls for Switzerland to be considered for inclusion on EU’s AML/CFT blacklist

    by admin February 25, 2022

    The European People’s Party (EPP), the conservative grouping which holds the biggest number of seats in the European Parliament, has called for a review of Switzerland’s banking practices and for the country’s possible inclusion in the EU’s list of countries with anti-money laundering and counter…

    news, Trade Based Financial crimes News

    Corruption at a standstill says Transparency International

    by admin January 28, 2022

    Transparency International’s (TI’s) annual Corruption Perceptions Index (CPI) reveals that corruption levels remain at a standstill worldwide. Corruption is often most acutely felt in developing countries according to TI but it warns that too often it is forgotten that corruption is an international problem which is…

    Trade Based Financial crimes News

    Banks’ role in enabling graft under scrutiny after South African commission publishes part one of its state capture report

    by admin January 19, 2022

    South Africa’s banks are bracing themselves for further findings of the judicial commission of inquiry into allegations of state capture after the first part of its report recommended that authorities investigate Nedbank and its employees over their alleged roles in a corrupt contract. Nedbank strongly…

    Trade Based Financial crimes News

    Focus on trade in radically overhauled new US strategy for an international fight against corruption

    by admin December 13, 2021

    The US will work with international partners as well as domestically to prevent, limit, and respond to corruption and related crimes in a significant overhaul of the way it targets public corruption that includes a clear focus on international trade according to a new plan…

    Trade Based Financial crimes News

    Establish central beneficial ownership registries and outlaw bearer shares US senator tells FATF

    by admin December 6, 2021

    The lead author of the US’ anti-money laundering (AML) act of 2020, senator Sheldon Whitehouse, is urging the Financial Action Task Force (FATF) to strengthen its standards for countries to gather important data in the fight against money laundering. The FATF is currently updating its…

    news, Trade Based Financial crimes News

    Trade misinvoicing in Mexico and Colombia under scrutiny

    by admin September 22, 2021

    Global Financial Integrity (GFI) has published an analysis of trade misinvoicing in Mexico and Colombia where individuals or entities falsify the quantity, price, and quality of goods to launder money, claim tax incentives, or evade taxes, duties and capital controls. Corruption, lack of political will,…

    news, Trade Based Financial crimes News
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    Washington continues blitz on third-country entities linked to sanctions evasion
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    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.

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    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

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    Latest Articles

    • Washington continues blitz on third-country entities linked to sanctions evasion
    • Australia focusing even more on TBML with new multi-agency taskforce
    • FATF updates guidance on beneficial ownership
    • AfDB and CoDA launch US$5.9 million project to address financial crime, money laundering and tax avoidance
    • Stolen chicken-wings may be linked to organised IVTS and TBML schemes

    Professional Qualifications

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

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