DEO-04-AFIT-002 Trade FInance Compliance 1

In ths first of two courses dedicated to the important field of Trade FInance Compliance we will cover the requirements of Trade Finance Complance and will look at what a proper compliance, due dilligence and KYC regime should cover.

Completing this course will confer 3 CPD Credits towards internationally recognised Continuous Professional Development Requirements within organisations operating this kind of staff development methodology.

Course Outline

1. Introduction to Trade Finance Compliance
 1.1 Is Trade Finance a High Risk Business?
 1.2 The Obligations of Trade Finance Compliance
 1.3 Compliance is not static
2. Trade Finance Risk Evaluation
 2.1.1 Risk Evaluation Assumptions
 2.2.1 Market Sentiment Regarding Trade Finance
 2.2.2 Market Sentiment Regarding Trade Finance
 2.3 Impact of KYC on Financial Crime
 2.4 Is Trade Finance High Risk?
 2.5 Trade Finance are Complex Transactions?
 2.6 Risks Associated with Trade Finance Compliance
 2.7 A suggested Risk Evaluation approach
 2.7.1 Identify the inherent risk
 2.7.2 Identify the existing controls
 2.7.3 Evaluation of the residual risk
3. Approach to Trade Finance Compliance
 3.1 Trade Finance Compliance Model
4. Customer Due Dilligence
 4.1.1 KYC Guidelines
 4.1.2 KYC Guidelines
 4.1.3 KYC Guidelines
5. Documentary Credit Customer Due Dilligence
 5.1 Export Documentary Credit
 5.2 Import Documentary Credit
6. Guarantee/Standby letter of credit Due Dilligence
 6.1 Guarantee Issuance
 6.2 Guarantees – Issuance (based on counter guarantee)
 6.3 Guarantee Advice
7. Documentary Collections Due Dilligence
 7.1 Export Collections
 7.2 Import Collections
Further Reading
Forum Assignment

Our Trade Finance courses were awarded Best Online Trade Finance Accredited Courses Globally by Capital Finance International Magazine in 2019!  Our trade finance online training offerings are endorsed by the International Finance Corporation for professional development in this area by its issuing and partner banks.  Our online certificate program is a great value for money way to prepare for the exams of the CDCS and CITF exams.  All our courses are also accredited for Continuous Professional Development (CPD) purposes by the CPD Certification Service of the United Kingdom which confirms they meet international CPD standards