Trade-Based Money Laundering and Terrorist Activity Financing
10 Modules
The training consists of 10 modules, including videos, reading materials and tests.
2 Hours 19 Minutes
The training is 2 Hours 19 Minutes in total. You can learn at your own pace
Certificate
Complete the training successfully to get a certificate
$49.99
Who this training is for
Who it’s for
Front-line staff, AML analysts and operations staff
Requirements
No prior trade-based money laundering knowledge is required. Basic AML/ATF awareness is helpful, but this training begins with foundational concepts and progresses into advanced risk- based compliance topics.
What you’ll learn
Explain what trade-based money laundering is and why trade activity can be misused.
Understand how terrorist activity financing can be hidden through trade-related activity.
Identify common TBML techniques, including over-invoicing, under-invoicing, multiple invoicing, false descriptions, and phantom shipments.
Recognize trade document, commodity, shipping, customer, and payment red flags.
Understand the role of third parties, shell companies, and beneficial ownership in trade- related financial crime.
Apply a risk-based approach to trade customers, transactions, goods, routes, and counterparties.
Explain when enhanced due diligence and ongoing monitoring may be needed.
Distinguish unusual trade activity from reasonable grounds to suspect.
Improve suspicious transaction escalation notes and reporting narratives.
Support compliance program readiness through documentation, escalation trails, and quality review.
Syllabus
This training introduces learners to trade-based money laundering and terrorist activity financing risks and progresses into advanced detection, escalation, and control topics. Learners will review how criminals may misuse trade transactions, invoices, shipping documents,
commodities, third parties, and payment activity to move or disguise value. The course also covers risk indicators, enhanced due diligence, suspicious transaction assessment, reporting narratives, and compliance program readiness.
AML/ATF Foundations for Trade-Based Risk
Module 1 12 minutes to complete
Understanding AML/ATF in Trade Activity
Reading 4 mins
What Trade-Based Money Laundering Means
Reading 4 mins
How Trade Can Be Misused to Move Value
Module 2 11 minutes to complete
Common TBML Techniques
Reading 3 mins
Goods, Services, and Value Movement
Reading 4 mins
Terrorist Activity Financing Through Trade Activity
Module 3 12 minutes to complete
Understanding Terrorist Activity Financing in Trade
Reading 4 mins
Goods, Routes, and End-User Concerns
Reading 4 mins
Trade Documents and Invoice Red Flags
Module 4 10 minutes to complete
Reviewing Trade Documents
Reading 3 mins
Invoice and Pricing Concerns
Reading 3 mins
Customer, Counterparty, and Beneficial Ownership Risk
Module 5 11 minutes to complete
Customer and Counterparty Risk
Reading 4 mins
Third Parties, Shell Companies, and Beneficial Ownership
Reading 3 mins
Trade Routes, Jurisdictions, and Commodity Risk
Module 6 10 minutes to complete
Route and Jurisdiction Risk
Reading 3 mins
Commodity and Shipping Risk
Reading 3 mins
Trade Payment Patterns and Account Activity
Module 7 11 minutes to complete
Payment Pattern Red Flags
Reading 3 mins
Linked Transactions and Unusual Account Activity
Reading 4 mins
Risk-Based Controls and Enhanced Due Diligence
Module 8 15 minutes to complete
Applying the Risk-Based Approach
Reading 4 mins
Enhanced Due Diligence for Trade Activity
Reading 4 mins
Ongoing Monitoring and Escalation Trails
Reading 3 mins
Suspicious Transaction Assessment and Reporting Quality
Module 9 15 minutes to complete
Assessing Reasonable Grounds to Suspect
Reading 4 mins
Attempted and Incomplete Trade Transactions
Reading 4 mins
Building Strong Trade-Related Narratives
Reading 3 mins
Compliance Program Weaknesses and Examination Readiness
Module 10 14 minutes to complete
Common Trade Compliance Weaknesses
Reading 4 mins
Quality Review and Consistent Application
Reading 3 mins
Preparing for Review or Examination
Reading 3 mins
