Risk, Compliance and AMLTrade Based Money Laundering and Correspondent Banking Risk
Trade based money laundering moves value through the documentation of legitimate looking commerce, which makes it the hardest of the major typologies to detect and the least well covered by transaction monitoring. This course covers detecting it. Delegates work through the mechanics of over and under invoicing, multiple invoicing, phantom shipments and misdescription of goods, and the documentary red flags each produces. Trade finance instruments are examined for the specific abuse each attracts. Correspondent banking receives its own treatment, including nested relationships, respondent due diligence and the difficulty of seeing through to an underlying customer you have no relationship with.
Course objectives
- Explain how value moves through trade documentation
- Detect over and under invoicing, multiple invoicing and phantom shipments
- Identify red flags in trade documents and shipping records
- Assess the abuse each trade finance instrument attracts
- Conduct respondent due diligence in a correspondent relationship
- Address nested relationships and downstream clearing
- Escalate and report a suspected trade based case
Who should attend
- AML and financial crime professionals
- Trade finance and documentary credit staff
- Correspondent banking relationship managers
- Compliance officers and internal auditors
- Regulators and supervisors
Course outline
- 01Why trade based laundering evades transaction monitoring
- 02Over invoicing, under invoicing and multiple invoicing
- 03Phantom shipments and misdescription of goods
- 04Red flags in trade and shipping documents
- 05Trade finance instruments and their specific abuse
- 06Correspondent banking and respondent due diligence
- 07Nested relationships and downstream clearing
- 08Escalation, reporting and information sharing
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 19 to 21 October 2026 | Pretoria, South Africa | Classroom | R14,950 per delegate | Register Now |
| 7 to 9 December 2026 | Lagos, Nigeria | Classroom | USD 995 per delegate | Register Now |
| 14 to 16 December 2026 | Kampala, Uganda | Classroom | USD 995 per delegate | Register Now |
| 3 to 5 March 2027 | Online | Online | R6,500 per delegate | Register Now |
| 10 to 12 March 2027 | Windhoek, Namibia | Classroom | R14,950 per delegate | Register Now |