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THE PRACTICE AND PREVENTION OF TRADE BASED MONEY LAUNDERING & TERRORIST FINANCING

 Introduction

We are pleased to introduce to you our training titled The Practice and Prevention of Trade Based Money Laundering and Terrorist Financing. This training has been systematically designed to address the knowledge gap among bankers in anticipating, detecting and prevention of Trade Based Money Laundering and Terrorism Financing in Nigeria. It will equip staff of various banks with skills needed to understand indicators of possible suspicious activities and the importance of Know Your Customer (KYC) and Customer Due Diligence (CDD) in identifying such, appreciate why the risk-based approach is necessary and know the links between money laundering and terrorist financing. They will also be able to list a variety of red flags relevant to their organization and know how to use these in conjunction with client KYC/CDD information to identify possible illegal activity. This will thus enable the staff and the participating banks to avoid sanctions and attract more business relationship with foreign banks who are only interested in doing business Anti-Money Laundering (AML) compliant banks. This training is an initiative of 3T Impex Trade Academy, your number one trade consulting and training company in Nigeria.

 

3T Impex Trade Academy (an arm of 3T Impex Consulting Limited) is a globally recognized international trade consulting firm of African origin. Our vision is to be the foremost trade consulting company in Africa who has contributed significantly to the growth of Trade Knowledge, Trade Funding and Trade Volume in at least 25% of the countries on the continent. Our core purpose is to promote international trade and significantly contribute to the growth of Africa’s GDP (Gross Domestic Products) through Trade Education, Trade Enhancement & Trade Execution.

 

Learning Outcomes

At the end of this programme participants will be able to:

  • Explain what money laundering is, and how money is laundered
  • Understand indicators of possible suspicious activities and the importance of Customer Due Diligence (CDD)
  • Understand the term ‘predicate offence’ and the main sources of criminal income
  • Appreciate the complexity of international trade and how this complexity aids the money launderer
  • Describe some of the techniques used by money launderers and how it can be used in genuine business
  • Identify the main types of money laundering risks faced by financial institutions
  • Outline the main money laundering typologies, and the special risks presented by free-trade zones
  • Understand the risk of becoming unwittingly involved in terrorist resourcing
  • Describe some of the steps that can be taken to detect suspicious activities
  • Become familiar with some relevant case studies and be able to apply the principles learnt to their own work.

 

Who Should Attend?

The workshop is aimed at those involved in the financing, monitoring and operation of International Trade, whether working in a bank or corporate organization. Typical candidates who will benefit from this course include:

  • Trade Services Managers
  • Relationship Managers
  • Credit Risk & Operational Risk Managers
  • Trade Compliance Managers
  • Bank Regulators

 

 

Course Outline

  • International Trade Finance and Money Laundering – Types of Trade Finance and Payment Methods etc
  • Introduction to Money Laundering, Terrorist Financing and Proliferation
  • International Laws, Regulations and Industry Guidance – FATF, ICC, FIUs, Wolfsberg Group etc
  • Managing Risk- Risk Types, Customer Due Diligence, Reporting Suspicion
  • Money Laundering Typologies – Variable Physical Goods and Pricing, Misuse of SBLC & Guarantees etc
  • Terrorist Financing, Resourcing and Sanctions – Terrorist financing and Resourcing etc
  • Further Financial Crime Risk Considerations – Transfer pricing, Capital Flight, Shell Banks etc
  • Case studies and many more.

 

Dates & Time Thursday, October 11, 2017 to Friday, October 12, 2017. 9.00am on each day.

 

Location

3T Impex Trade Centre,

No 11D Bola Shadipe Street, Off Adelabu Street, Surulere, Lagos

 

Course Instructor 

Bamidele Ayemibo is the Nigeria’s finest Trade Specialist and Certified Specialist in Trade Based Money Laundering by the International Compliance Association in the United Kingdom. He is the lead consultant at 3T Impex Consulting Limited with over 10 years’ experience within and outside the Banking sector. His practice is focused on international trade and in particular on trade finance. Bamidele advises trading companies and banks on security over goods, export financing, letters of credit, demand guarantees, standby letters of credit, sale contracts etc.

 

He lectures regularly on trade finance issues at workshop and conferences organized by the International Chamber of Commerce, Chattered Institute of Bankers, Central Bank of Nigeria and other bodies. He acts as a technical consultant to a number of Nigeria Banks for training and structuring risk free Trade Finance. He is a member of the ICC Banking Commission. He is also a member and the Chairman of the export group of the Lagos Chamber of Commerce and Industry. Bamidele is the host of the Nigerian foremost weekly trade programme on radio tagged Import-Export Helpline.

 

He has many trade related training programmes on CDs and DVDs and he is the author of the books A-Z of Export Business Financing, Export Business Made Easy and Import Business Made Easy.

 

Fees and Registration

  • Training fee per participants –  N95,500.00
  • Training fee per participants for 2-4 participants from the same organization – N85,950.00
  • Training fee per participants for 5 participants and above from the same organization – N76,400.00
  • Registration fee includes training manual, a book, writing materials, tea break, lunch and certificates 

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