Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
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    AfDB and CoDA launch US$5.9 million project to address financial crime, money laundering and tax avoidance

    by admin March 13, 2023

    The African Development Bank (AfDB) and the Coalition for Dialogue on Africa (CoDA) have launched a three-year support project to improve regional coherent and coordinated responses to illicit financial flows (IFFs). The project aims to ensure that policies and practices are mobilised to address financial…

    news, 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

    Financial crime specialists expect to benefit from Danske Bank’s trade finance collaboration with Conpend

    by admin April 19, 2022

    Danske Bank has announced plans to digitise its trade finance processes through a collaboration with Conpend for use of its Trade AI app to automatically check against anti-money laundering (AML), know your customer (KYC) and sanctions regulations. Trade AI employs artificial intelligence and machine learning….

    news, 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

    Interpol launches new centre focused on financial crime and corruption

    by admin March 18, 2022

    Interpol has launched the Financial Crime and Anti-Corruption Centre (IFCACC) to provide a coordinated global response against what it describes as the exponential growth in transnational financial crime. The world police body says it will adopt a multi-agency approach, working closely with key stakeholders to…

    Trade Based Financial crimes News

    Assessing the impact of Covid-19 on trade-based financial crime

    by admin November 29, 2021

    In the two years since the first cases of Covid-19 were reported several experts and authorities have endeavoured to establish the impact of the pandemic on trade-based financial crime (TBFC). But while it is relatively easy to establish increased vulnerabilities in the supply chains fractured…

    Trade Based Financial crimes News

    TBML not well understood, even by financial experts

    by admin October 20, 2021

    The principal vulnerability to trade-based money laundering (TBML) in the Latin America and the Caribbean (LAC) region is that it is not well understood, even by financial crime experts according to Global Financial Integrity (GFI). For its latest survey, Financial Crime in Latin America and…

    Trade Based Financial crimes News

    Trade finance banks not doing enough to detect fraud and crime say UK regulators

    by admin September 13, 2021

    British regulators have written an unusually blunt letter to the CEOs of the UK’s largest banks ordering them to conduct a full financial crime risk assessment of their processes to detect money laundering, sanctions evasion, terrorist financing and fraud among their clients. The Bank of…

    Trade Based Financial crimes News

    GCFFC states its position on beneficial ownership transparency

    by admin September 6, 2021

    All actors fighting financial crime should have instant access to high quality, highly usable beneficial ownership data according to the Global Coalition to Fight Financial Crime (GCFFC). In a newly published position paper, GCFFC states its views on beneficial ownership transparency and its objectives to…

    news, Trade Based Financial crimes News

    Financial crime related to illegal wildlife trade to feature at September G7 meeting

    by admin August 16, 2021

    Financial crime related to illegal wildlife trade will feature at the meeting of the G7’s interior and security ministers in September. Ensuring economic security is not undermined by the threat of serious and organised crime, including illicit threats to nature, such as the illegal wildlife trade,…

    news, Trade Based Financial crimes News
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    US treasury secretary announces international commitment to enhance beneficial ownership transparency
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    FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
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    UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
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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

    • 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.

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