Financial Crime World

Compliance Training for Financial Professionals in CHAD: A Comprehensive Program Launched

In a bid to equip financial professionals with the necessary skills to navigate the intricacies of trade, export controls, and trade compliance, a new comprehensive program has been launched in Central Africa.

Program Overview

The “Certificate in Trade Compliance and Export Controls” is designed to provide participants with a deep understanding of the global market landscape and the practical skills required to excel in this rapidly evolving field. The program consists of four core modules, each supported by case studies, quizzes, and further reading materials to enhance the learning experience.

Module 1: Fundamentals of Trade

  • Explores the distinctions between imports and exports
  • Covers export documentation and exporter CDD/KYC
  • Includes a real-world application case study illustrating broader export controls implemented by banks

Module 2: Trade Compliance

  • Introduces participants to core concepts such as:
    • Trade-based anti-money laundering requirements
    • Risk mitigation strategies
  • Includes a hands-on case study providing practical insights into planning and monitoring trade transactions

Module 3: Trade-Based Money Laundering (TBML)

  • Details the methods criminals use to exploit trade for illicit purposes
  • Provides participants with an understanding of TBML techniques and strategies

Module 4: Setting Up a Robust Trade-Based Anti-Money Laundering Program

  • Covers governance structures, red flags in trade transactions, and TBAML reporting requirements
  • Includes a case study focusing on AML/KYC documentation to ensure learners can bridge theory with practice

Certification

Upon successful completion of the four modules and their respective assessments, participants will be awarded the “Certificate in Trade Compliance and Export Controls,” signifying their proficiency in the domain. This program is designed to serve as a beacon for professionals aiming to excel in the complex world of global trade and compliance.