Trade Based Money Laundering is the latest challenge in international money laundering law enforcement.
As the financial community becomes more experienced in recognising and preventing traditional money laundering methods, such as large cash deposits, criminals have explored other means to scrub their ill-gotten gains. International trade and trade instruments are often used as vehicles to launder criminal money.
Businesses involved in international trade need to be vigilant to ensure their trades are not compromised by criminal elements infiltrating their organisations.
Banks need to be aware of the risks to their reputation should their services be found to have facilitated the process of money-laundering.
The sheer volume and international nature of trade can create a cloak of complexity and lack of transparency that financial criminals seek to exploit. This course has been designed by subject matter experts to provide an overview of trade-based money laundering (TMBL) risks. It introduces the core principles and features of TBML and outlines the various methods and techniques used by criminals. It gives a clear explanation of various TBML typologies and supplies practical insights into how to identify money laundering red flags.
Who should do this training?
This course is suitable for
- banking professionals, particularly client-facing employees,
- as well as risk management analysts and AML compliance officers across banks and businesses that trade internationally.
Download course outline here .
Specialized Financial Economic Crime Training
GRC Solutions is thrilled to collaborate with leading financial crime advisory firm, i-KYC, pairing their premium content library with our award-winning Salt Learning technologies to improve your approach to addressing Financial Economic Crime (FEC).
Download our brochure here
For more information on other GRC Solutions’ AML/CTF training resources:
Anti-Money Laundering– covering the responsibilities of financial services and other businesses in general
Australia – Financial Services
AML/CTF Training for Finance Sector – covering the particular responsibilities of ADIs
Module 1: An introduction to trade-based money laundering (TBML) principles
• An introduction to trade-based money laundering (TBML) principles
• Key features of a TBML scheme
• TBML methods and techniques used by criminals
Module 2: TBML typologies and red flags
• Corporate vehicles and structures
• Trade finance instruments
• TBML and the role of banks
Who is the right person to lead a company amid a culture of toxicity, bullying, and sexual harassment?
“Every worker owes a duty to take reasonable care for the health and safety of themselves and others at the workplace”
The nation’s work health and safety obligations
Australia’s work health and safety laws have come a long way since commencing in 2012. Based on Victorian legislation, they have since been adopted by most states and territories. Western Australia has committed to applying the essential features of the harmonised laws to their own regime. This makes compliance training in these laws critical to understanding our work health and safety obligations nationwide.
Our Work Health and Safety (WHS) course applies to learners around Australia. It addresses the essential elements of the harmonised laws that all states and territories have in common, while also explaining where the Victorian and Western Australian laws differ.
The course covers all the duties and important things you and your staff need to know about the law – from a legal as well as from a practical perspective. It also places these duties and obligations in context by outlining who enforces the laws, and how.
Every worker has a duty of providing reasonable care for the health and safety of themselves and others in the workplace. They can also play a role in identifying, reducing or removing work health and safety risks. This course ensures that everyone can train in their relevant legal obligations wherever they are in the country.
We now have a new version of the course available: WHS in the Office, dealing with issues that are specific to an office environment. It explains in plain English the issues that employees need to know and understand from a legal as well as a practical perspective.
As always, we back it up with a large number of practical examples ranging from ergonomics to direct dangers to employees’ health.
Who should do this training?
This course provides all employees with critical safety training to prevent incidents, develop an appropriate workplace culture and minimise the risk of prosecutions and claims.
It is designed to cater for a diverse audience and all levels of staff. We therefore have generic modules aimed at all employees and some specific to senior management.
- Module 1: Introduction to WHS
- Module 2: Workers’ obligations and rights
- Module 3: Duties of PCBUs
- Module 4: Compliance and enforcement measures
- Module 5: Duties of officers
- Module 6: Other parties
The guidance is intended to provide a framework for financial institutions to establish and maintain effective anti-bribery and corruption (ABC) compliance programmes
Would you feel confident speaking up if you encountered misconduct in your organisation?
Whistleblowing is the act of exposing misconduct or an improper state of affairs within an organisation. Research shows that businesses that receive and investigate whistleblower reports show a significant and lasting decline in misconduct incidents. But often employees are reluctant to report misconduct they notice at work because of fear that the organisation or another employee will take adverse action against them for speaking up.
Organisations must build trust with their employees (and other third parties) to encourage them to make reports. This means creating a workplace culture of whistleblowing, and having clear and dedicated systems in place to ensure whistleblowers are protected and aware of their rights.
This courses uses real-life examples and scenarios to guide individuals on what to do when a reportable situation arises, what to expect from the reporting process and what protection they can expect. Advanced modules cover how to institute a whistleblowing culture from the top down.
Who should do this training?
This course contains a general module suitable for employees at all levels and in all facets of your organisation, as well as module for managers on whistleblowing obligations at an organisational level.
- Module 1: Introduction to whistleblowing
- Module 2: Whistleblower protections (for managers and other senior employees)
Where cyber security is concerned, you are the weakest link
Unconscious Bias – what’s in this course
Everyone has unconscious biases of one sort or another, which can affect the objectivity of our decision-making
Awareness, analysis, action
Unconscious biases cause us to unintentionally favour or disfavour certain people over others. Everyone has unconscious biases of one sort or another. That doesn’t make us bad people. But it does mean there’s often room for more objectivity in our decision-making.
Unconscious bias is most commonly raised in recruitment but it affects all areas of an organisation, including team selection, enforcement of codes and policies and day-to-day tasks, how meetings are run and who gets credit for a job well done. Learning to recognise and analyse your unconscious biases leads to fairer and more reasonable outcomes and helps to create an inclusive organisational culture.
This course uses realistic scenarios to illustrate some of the problems created when people’s biases go unexamined and offers you a range of practical techniques to help you evaluate whether a bias is useful or not.
Who should do this training?
This course is suitable for employees at all levels and in all facets of your organisation, not just human resources staff.
We also cover Unconscious Bias in our Workplace Behaviours course – more information here
- Module 1: Introduction to unconscious bias
- Module 2: Managing unconscious bias in your organisation
The UK Bribery Act has been described as groundbreaking in scope and reach, and as one of the world’s toughest and most comprehensive pieces of anti-bribery legislation.
This course explains the context and substance of the UK Bribery Act and key strategies for managing risks.
It explains what bribery is and supplies an overview of global trends in corruption.
The course then breaks down information about the international reach of the Act. It identifies the four bribery offences recognised by it – including the so-called ‘corporate offence’ under which organisations could be held accountable – and outlines who is at risk and what red flags to look out for.
The course finally addresses ways to manage risks, taking into account the UK Ministry of Justice’s six guidelines for adequate procedures, as well as issues such as business expenditures and facilitation payments.
Who is this training for?
This training applies if:
- your organisation was incorporated or formed in the UK
- your organisation carries on part of its business in the UK, regardless of its place of incorporation
- any act or omission forming part of a bribery offence occurs in the UK
- your organisation provides services to another organisation in the UK – for example, it acts as an agent of the UK organisation
- you are a UK citizen or resident in the UK (even if the bribery act is committed outside of the UK), or as a senior officer of the body corporate, you consented or connived to the commission of an offence by the body corporate.
- Module 1: International bribery and corruption
- Module 2: Offences under the UK Bribery Act
- Module 3: Managing risks under the UK Bribery Act
Salt Adaptive is a platform that helps APAC businesses deliver effective multilingual eLearning compliance programs
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