Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
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    TradeSun launches real-time offering to tackle dual-use goods and Russia sanctions

    by admin April 29, 2022

    TradeSun, an artificial intelligence (AI) platform for financial crime prevention and compliance in trade, has launched a real-time offering to detect and intercept financial transactions involving dual-use goods from Russia and Belarus, as well as vessels entering sanctioned areas amid the Russia-Ukraine crisis. The solution…

    news, Trade Based Financial crimes News

    New Thomson Reuters offering aims to identify beneficial owners of international entities

    by admin March 28, 2022

    Thomson Reuters has launched CLEAR Global Beneficial Ownership (GBO), a new product that aims to enable organisations to quickly understand the ownership and control of international corporate entities and help them find global business registry information. The launch coincides with an increasing realisation that beneficial…

    news, Trade Based Financial crimes News

    Art traders call for review of AML/CFT regulations after US treasury report suggests prioritising shell companies and real estate

    by admin March 21, 2022

    The world’s largest art trade federation is leading the call for a fundamental international review of policy making after a recent report commissioned by the US treasury department indicated that money laundering and terror finance risks associated with shell companies and the real estate sector…

    news, Trade Based Financial crimes News

    TBML increasingly a priority for financial institutions in Asia Pacific says new report

    by admin February 4, 2022

    New research conducted by RegTech NICE Actimize and Regulation Asia, suggests that countering financial crime could move beyond well-used tools such as suspicious transaction monitoring and sanctions screening and focus on high risk areas, including trade-based financial crime. Other areas considered high risk include fraud…

    news, Trade Based Financial crimes News

    Blockchain and artificial intelligence offer opportunities to curb illicit trade says TBML focused US senator

    by admin December 10, 2021

    Sophisticated modern tools such as blockchain and artificial intelligence offer opportunities to see and analyse information and root out illicit trade according to a US senator who for years has been calling for more action to curb trade-based money laundering (TBML). US senator Bill Cassidy,…

    news, Trade Based Financial crimes News

    Mbeki continues campaign against trade-based financial crime, calls on ALSF to focus more on IFFs

    by admin October 1, 2021

    “The African Legal Support Facility (ALSF) must assist African countries to negotiate fair and balanced contracts to eliminate opportunities for illicit receipt, use, or transfer of funds,” says former president of South Africa and current chair of the African Union’s High-level Panel on Illicit Financial…

    Trade Based Financial crimes News

    European parliament calls for an EU FIU and more funding for AML efforts

    by admin July 26, 2021

    The European Commission has presented an ambitious package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules, which includes the creation of a new EU authority to fight money laundering (Trade-based Financial Crime, 21 July 202, New…

    news, Trade Based Financial crimes News

    New EU AML Authority centrepiece in European Commission’s ambitious AML/CFT proposals

    by admin July 21, 2021

    The European Commission presented yesterday a package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules. The package includes a proposal for the creation of a new EU authority to fight money laundering, new AML/CFT regulations with…

    news, Trade Based Financial crimes News

    Chinese national sentenced to 14 years for role in sophisticated TBML ring laundering drug proceeds for Mexican cartels

    by admin April 30, 2021

    A key player in a most sophisticated trade-based money laundering (TBML) ring, Xianbing Gan, has been sentenced to 14 years in prison for laundering illegal narcotics proceeds on behalf of drug traffickers in Mexico. The TBML ring laundered hundreds of millions of dollars via US…

    Trade Based Financial crimes News

    War against money laundering being lost

    by admin April 16, 2021

    The global system for financial crime is hugely expensive and largely ineffective according to The Economist. The international weekly newspaper and online publisher concludes in an article that the war against money-laundering is being lost.

    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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