Trade Based Financial Crime Compliance

  • $ 199.00

Trade Based Financial Crime Compliance is a unique book that emphasizes the “trade” element of trade based financial crime. While there are a number of books and papers that discuss money laundering and terrorism financing, there is no other book that addresses trade based financial crime compliance with the same detail of this book.  This book was written, in part, to serve as the learning materials for the Certification in Trade Finance Compliance (CTFC), a certification administered by the London Institute of Banking & Finance (LIBF) designed to educate and test the knowledge of practitioners and ensure that they possess the tools necessary to combat trade based financial crimes and meet the requirements imposed by law, regulation, and bank policy.

Outside of the context of CTFC certification, this book looks to provide guidance and insight to practitioners aiming to remain compliant in the often complex and contradictory world of trade finance, with its ever shifting rules of compliance. Trade Based Financial Crime Compliance is an invaluable tool that enables financial institutions, bankers, lawyers, compliance officers, and corporates to understand the impact that compliance regulations have on trade and ways to meet the requirements imposed by these regulations. Specifically, this book:

  • offers a detailed introduction to trade and trade products for bankers, lawyers, and other professionals not familiar with how international trade finance works;
  • identifies the various sources that comprise various financial crime compliance regimes, including governments, inter-governmental bodies, non-governmental bodies, while also examining the difficulty of operating in two or more distinct and conflicting regimes;
  • identifies the best practices for exercising due diligence in trade transactions;
  • addresses the necessary elements of a Compliance Programme;
  • explains the indicators bankers need to be aware of to take proactive steps in preventing their financial institution from becoming a victim of financial crime or incurring a regulatory fine;
  • provides productive and comprehensive steps for combating the common types of financial crimes that are facing financial institutions today; and
  • discusses, in-depth, the specific types of trade based financial crimes and how financial institutions can identify and prevent their occurrence, specifically: money laundering, terrorism financing, sanctions violations, proliferation of weapons of mass destruction, bribery, commercial fraud, and violation of anti-boycott provisions.

This nearly 400 page book is a must-have tool your organization cannot be without.

Summary of Contents

Part I: Trade Based Financial Crime Compliance

Chapter 1: Introduction to Trade Based Financial Crime Compliance

Chapter 2: Trade

Chapter 3: Financial Crime Regulation

Chapter 4: The Compliance Programme

Chapter 5: Exercising Due Diligence

Chapter 6: Indicators of Trade Based Financial Crimes


Part II: Combating Financial Crimes

Chapter 7: Anti Money Laundering

Chapter 8: Counter Terrorism Financing

Chapter 9:  Sanctions

Chapter 10: Weapons of Mass Destruction

Chapter 11: Anti Bribery

Chapter 12: Commercial Fraud

Chapter 13: Anti Boycott

Appendix A: Answers to Review Questions

Appendix B: Bibliography

Appendix C: List of Red Flags

Appendix D: Glossary

Appendix E: Abbreviations

Appendix F: Organisations   

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