ICA Specialist Certificate in Trade Based Money Laundering

ICA Specialist Certificate in
Trade Based Money Laundering
Given the complexities and variants of international trade transactions, financial institutions and their corporate
clients can face a variety of trade-based money laundering risks throughout their operations. Breaches in anti money
laundering compliance can cost millions, if not billions. A recent review by the UK regulator, the FCA, revealed that
many firms were not taking adequate measures to mitigate the risk of money laundering and terrorist financing in
their trade finance business.
The ICA Specialist Certificate in Trade Based Money Laundering is designed to address key Anti Money Laundering
(AML) and Counter Terrorist Financing (CTF) concepts, and the practical issues encountered within the international
trade environment.
The qualification will enable you to demonstrate an understanding of:
• The AML context and its relevance in developing
good practice
• Typologies and techniques
• Particular AML & CTF issues
• The vulnerabilities of specific services and products
• The need for effective customer due diligence
• How to recognise suspicious transactions and
relationships
• What constitutes effective AML controls
• How to approach risk assessments for money laundering
What will you learn?
When you undertake the course, in addition to the essential concepts of AML & CTF, you will cover the following areas:
• The fundamentals of trade based money laundering
• Risk management
• Variable physical goods
• Variable pricing of goods
• Black market peso exchange
Who is the course suitable for?
• Terrorist resourcing
• Proliferation finance
• Correspondent banking
• Country sanctions
• Risk controls
The course is suitable for anyone who has a professional or personal interest in broadening their knowledge by studying
the money laundering and terrorist financing risks inherent in the international trade environment. This will include:
• Senior practitioners who are keen to enhance their existing expertise by learning about another distinct sphere
• Senior managers within the international trade environment who wish to certify their knowledge
• Operational staff, working specifically within the international trade environment, who need to understand the
inherent risks they face
• Regulators or Consultants working within the international trade space
• MLROs, Compliance Managers, Risk Managers, CDD Managers
• Anyone with an interest in the subject matter

Entry requirements
The qualification is specifically designed to be detailed yet accessible. Prior subject matter knowledge will be useful, but
is not essential.
The AML focussed Specialist Certificate series from ICA all commence with a brief introductory unit, designed to
introduce AML key concepts to those students who are less familiar with the broader context. From there, the more
indepth issues are examined.
However, to get the most from the course, a good basic standard of English (particularly reading) is required.
How and where you can study?
The course is fully online so can be studied at any time, wherever you are in the world.
How will you be assessed?
At the end of the online course you will take a one hour multiple choice exam of 15 short-form questions. The pass mark
is 70%.
You are not permitted to access any material (off or online) throughout the duration of the exam so although you will
not be supervised, you will be required to confirm your understanding of and agreement to this prior to taking the
exam.
Does this count towards ICA CPD?
Specialist Certificate courses count as 15 hours of ICA CPD credit.
What does it cost?
£450 (includes applicable taxes). If there are multiple enrolments from a firm, discounts may apply.
Get in touch at ict@int-comp.com for details.
Can the course be taught in-house?
An in-house option is available for organisations enrolling a minimum of 15 people onto the course. Benefits include a
face to face delivery option and the potential to include bespoke material.
Contact us at ict@int-comp.com for more details.
For more information:
+44 (0) 121 362 7534
ict@int-comp.com
www.int-comp.org
Awarded in association with:
ICTB455