Overview

This course will introduce the learner to the crime of trade-based money laundering (TBML), the process of disguising criminal proceeds through trade to legitimize their illicit origins. The course will define TBML and will familiarize the learner with the various aspects of TBML, including red flags, customer due diligence, and information sharing policies.

Course Outcomes

After completing this course, the learner will understand:

• How to identify the various red flags of TBML.
• How to implement effective policies and procedures to combat TBML.
• The use and purpose of Trade Transparency Units (TTUs).

Please note that any legal and compliance references in this course will pertain to US legislation.