Trade Based Money Laundering

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Course Description

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

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For more information on other GRC Solutions’ AML/CTF training resources:

Australia

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

USA

Anti-Money Laundering – USA

Singapore

Anti-Money Laundering – Singapore

Malaysia

Anti-Money Laundering – Malaysia

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Course Outline

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

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Module 2: TBML typologies and red flags

• Jurisdictions

• Goods/services

• Corporate vehicles and structures

• Trade finance instruments

• TBML and the role of banks

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Unconscious Bias

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Course Description

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.

Workplace Behaviours

We also cover Unconscious Bias in our Workplace Behaviours course – more information here

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Course Outline

  • Module 1: Introduction to unconscious bias
  • Module 2: Managing unconscious bias in your organisation

UK Bribery Act

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Course Description

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.

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Course Outline

  • Module 1: International bribery and corruption
  • Module 2: Offences under the UK Bribery Act
  • Module 3: Managing risks under the UK Bribery Act

Workplace Behaviours Compliance Training Course

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Course Description

Workplace Behaviours – What’s in this course?

Changing workplace cultures by changing behaviours

The consequences of workplace bullying, discrimination and harassment have never been more widely known.

Bullying, discrimination and sexual harassment can harm individuals’ mental health and safety. They can lead to heavy costs for organisations, including reputational damage, compensation orders and high staff turnover.

What should you do if you see a colleague being bullied? Where does flirting stop and harassment begin? How do you prevent uncomfortable or unsafe situations from taking place?

Anyone can be a victim, perpetrator or bystander, and everyone has a role to play in creating a workplace culture where diversity is valued and individual dignity is respected.

This course provides tools for learners to recognise and prevent unacceptable behaviour, and outlines practical support for individuals who experience bullying, discrimination or sexual harassment.

Manager-specific modules focus on strategies and procedures for managing incidents.

The training also explores how becoming aware of our unconscious biases, developing our cultural competence and promoting accessibility can make our workplaces truly diverse and inclusive.

Who is this training for?

This course caters to the whole organisation, with specific modules for managers and supervisors on how to identify misconduct and address complaints.

The standard you walk past is the standard you accept.

Unconscious Bias

We also offer standalone training on unconscious bias to help you and your staff recognise and analyse your unconscious biases, in order to deliver fairer and more reasonable outcomes and to create an inclusive organisational culture.

See here for more details.

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Course Outline

  • Module 1: Workplace bullying
  • Module 2: Discrimination and sexual harassment
  • Module 3: (Advanced) Bullying, discrimination and sexual harassment
  • Module 4: (Advanced) Dealing with incidents and complaints
  • Module 5: Diversity and inclusion

 

Introduction to Risk Management

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Course Description

“Everyone can benefit from Risk Management training.”
Alf Esteban, Protecht

We are pleased to offer Protecht’s popular Introduction to Risk Management course. This course introduces the concept and nature of risk as it relates to a range of organisations using a variety of concepts to aid topic understanding.
Chapter 1 identifies the nature and behaviour of risk and explores concepts such as Risk Awareness, Risk Acceptance and the risk lifecycle. It describes how different types of controls minimise risk, and considers the types of risks usually faced by financial institutions.
Chapter 2 considers the aims, objectives and key components of the Risk Management process within an organisation. It expands on the concept of the risk lifecycle, as illustrated by a Risk Funnel chart. It explains the 3 Lines of Defence Model and the various Risk Management Standards and methodologies used globally.
Chapter 3 explores the Risk Management process as defined by ISO 31000 and AU/NZS, and explains how Risk Management tools apply to business processes.

WHO IS THIS TRAINING FOR?

This training is suitable for those seeking an introduction to the field of risk management and those who need to have a broad understanding of risk management.

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Course Outline

Module 1 : The nature and types of risk

Module 2 : Risk Management, Frameworks and Standards

Module 3 : The Risk Management Process

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Introduction to Trade Finance

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Course Description

Trade is not without risk for buyers and sellers, and international trade has certain features that enhance that risk.

In a globally interconnected world trade has become a part of our daily lives. This prominent feature of the global economy has developed and matured over hundreds of years and is a tribute to human ingenuity to cooperate for mutual benefit. However, trade is not without risk for buyers or sellers and international trade has certain features that enhance that risk. Banks have traditionally played a crucial role as facilitators to mitigate the risks inherent to international trade. This training will review features of international trade, focus on the financing of trade and in particular on the role that banks play.

The Introduction to Trade Finance e-learning course has especially been designed by subject matter experts to provide banking professionals with an overview of Trade Finance and the role of Financial Institutions.

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Link with Trade Based Money Laundering

On completion of the course you will have developed a good foundational understanding of global trade and how companies settle their international commerce. Therefore this course, in combination with i-KYC’s TBML course, will also be valuable for learners who are still developing their technical Trade Finance knowledge.

Who should do this training?

This course is suitable for:

  • Client-facing Commercial Bankers
  • Trade & Commodity Finance specialists
  • Customer support staff
  • Risk Management analysts
  • AML Compliance officers.

Download the 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

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Course Outline

Module 1: Introduction

  • Fundamentals of International Trade
  • International Trade Governance & Risks
  • Introduction to Trade Finance

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Module 2: Trade Settlement Methods

  • Clean Payments
  • Documentary Collections
  • Letter of Credits
  • Guarantees

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Module 3: Risks & Roles of Banks

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Module 4: Knowledge Check

General Data Protection Regulation (GDPR)

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Course Description

Training for staff on GDPR personal data protection and GDPR compliance to avoid GDPR fines

Product Description

The standard of privacy and security of personal information has never been higher. Meeting your General Data Protection Regulation (GDPR) obligations isn’t just a matter of GDPR compliance, it’s a matter of consumer confidence.

The General Data Protection Regulation (GDPR) harmonises privacy law and data processing practice across the EU. But it doesn’t just apply to EU businesses – if you do any business in the EU or collect or use personal information of any individuals located in the EU, you need to comply with the GDPR or you’ll face heavy penalties. Staff at all levels need to understand the importance of privacy policy and the penalties for breaching GDPR.

Who is this training for?

This training is suitable for staff at any level of your organisation, especially those who collect or handle personal information, or as a refresher for Data Protection Officers.

For more information on other GRC Solutions’ privacy training resources:

Australia

Privacy – Covering the Privacy Act and the Australian Privacy Principles

Privacy for Schools – Covering the Privacy Act and the Australian Privacy Principles as they apply to schools

Health Privacy – Health businesses collect and maintain sensitive personal information

Australia – Financial Services

Financial Services Privacy Training – covering the Privacy Act and the Australian Privacy Principles

Credit Reporting – covering the Credit Reporting Act

Health Privacy

New Zealand

Privacy – New Zealand – covering privacy in New Zealand under the 2020 updates to the law

Singapore

Data Protection Singapore – covering the Personal Data Protection Act 2012 and also the implications of the GDPR

Malaysia

Data Protection Malaysia – covering the Personal Data Protection Act 2010 and also the implications of the GDPR

California

California Consumer Privacy Act

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Course Outline

What rights do individuals have in relation to their personal data

  • How the GDPR compliance involves you
  • Restrictions on processing personal data
  • What rights do individuals have in relation to their personal data
  • What to do in the event of a data breach
  • Fines and penalties for breaching the GDPR

 

Incident Management

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Course Description

This course explores what an incident is and how to address it, from building an incident management register, to collecting and interpreting data within it. Depending on what kind of incident has taken place, different types of registers can be used to record the event. This information can then form the basis for making a targeted response, in which incident-related issues are escalated to the relevant people at the appropriate time.

Who is this training for?

This course applies to anyone in the workplace – including compliance and risk managers, senior management or other employees – who may be in a position to observe, record or respond to incidents within their organisation.

Course Outline

Module 1 : Defining Incident Management

• The objectives of incident management process

• The types of registers

• How Incident Management fits into the overall risk management framework

Module 2 : Incident Management Inputs

• Building an incident management register

• Linking risk causes, risk events and controls to incidents

Module 3 : Incident Management Processes

• Collecting incident-related information

• Aggregating incident data to produce summary data

Module 4 : Incident Management Outputs

• The types of reports

• Notification and escalation emails

• Using reports and taking action

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Key Risk Indicators (KRIs)

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Course Description

Key Risk Indicators (KRIs) are observable and measurable information that can be used to

identify the symptoms and “red flags” created by risks. This course explores how to identify KRIs in your organisation, linking them to both the risks and the

controls necessary to contain them. It examines how to collect, score and find patterns in KRIs across different units in your organisation. And it looks at the steps employees can take to report and escalate issues about KRIs to the appropriate management or committees within the organisation.

Who is this training for?

This course applies to all organisations looking to manage risks in their business by identifying the “red flags” of risk and taking action.

Course Outline

Module 1 : Defining Key Risk Indicators (KRI’s)

• What are KRIs?

• Objectives of KRIs?

• Types of KRIs

• Identifying KRIs

Module 2 : KRI Inputs – Determining the parameters

• Assigning KRIs

• Setting frequency

• Determining thresholds

• Linking KRIs to risks and controls

Modeule 3 : KRI Processes – Collection, scoring and Aggregation

• Collecting KRIs

• Scoring KRIs

• Aggregating KRIs

Module 4 : KRI Outputs – Reporting and Follow-up Process

• Reporting KRIs

• Notifying and escalation issues relating to KRIs

• Using reports and taking action

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Mental Health in the Workplace

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Course Description

Mental Health in the Workplace

Understanding mental health for our professional and personal lives

1 in 5 Australians will experience a mental health condition in any year. 45% of Australians aged between 18 and 85 will experience a mental health condition in their lifetime. Mental health issues can impact our workplaces, and our workplaces can likewise impact people’s mental health.

The World Health Organisation offers a definition of mental health as a state of wellbeing in which we can realise our own abilities, work productively and contribute to our communities. While experiencing stress and a range of emotions are normal, there are times when we may find it difficult to shift out of a low mood or cope with regular stresses – and this may indicate the presence of mental health issues or a diagnosable condition.

Wherever we work, mental health is something we must prioritise and value. Employers are required to actively manage health and safety risks in the workplace. In some states and territories, this includes risks to mental health as well as physical health.

GRC Solutions offers this fully customisable course on Mental Health on the Workplace to help individuals understand and identify common mental health issues, to provide support to co-workers who may be experiencing mental health issues and to play their part in breaking down stigmas surrounding mental health.

Who is this training for?

This module is designed to be accessible for anyone in an organisation.

Mental health is important, no matter your role.

Course Outline

  • Defining mental health
  • Effects of poor mental health for individuals and society
  • Signs of mental health issues
  • Supporting people
  • Building a mentally healthy workplace