Essentials: More than ″trade based″; more than money laundering.

The areas we must be concerned with are far more than trade and far more than money laundering.

That's why we don't call it "Trade Based Money Laundering."



When I wrote ″How not to be a money launderer″ in 1996, I covered almost the entire gamut of what has since become known – inaccurately – as ″Trade-Based Money Laundering.″

The reality is that commerce and industry, not only trade, is at the heart of many financial crimes, not only money laundering. 


In this course: 

Understanding financial crime in trade, commerce and industry.

Identifying financial crime in trade, commerce and industry.

Detecting, deterring and responding to financial crime in trade, commerce and industry.

The whole range of commerce and industry and, even, professions, not only trade, is at the heart of many financial crimes, not only money laundering. 

In this Essentials course, we look at a wide range of subjects, including those banded in ″trade based money laundering″ and examine risk factors and mitigation measures and compliance.



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Course information

Examination? Yes

Certificate? Yes

Duration of certificate: one year from successful examination.

Access: unlimited for one year. Includes all updates.

Revise previous pages? Yes.

Portable CPD (TM) where recognised: 8 hours.

Learning Ladder? Yes

Certificate in Financial Crime Risk and Compliance credits: 35

Language: English



Course curriculum

  • 1

    Pre-course admin

    • About this course

    • Status of this course

    • Caveat and Legal

    • Pre-requisite

  • 2

    Chapter One. What is financial crime in trade, commerce and industry?

    • 1.1. Defining trade, commerce, industry and professions.

    • 1.2 The four basic types of conduct at the core of financial crime offences in commerce and industry, trade and professions.

    • 1.3 The argument against micro-classification of offences.

    • 1.4. The Umbrella Principle.

    • 1.5 In the beginning (or perhaps before it)

    • 1.6 When the past and the present meet but don’t collide.

  • 3

    Chapter Two. Borders

    • 2.1 The origins of the term ″trade-based money laundering.″

    • 2.2 Plastic toilet seats: the surprising game-changer.

    • 2.3 Fluid definitions and legal (un)certainty.

    • 2.4 Uncertain borders

    • 2.5 Invisible borders, visible enforcement.

    • 2.6 Can we define ″the border″?

    • 2.7 Further Reading

  • 4

    Chapter Three: Free Trade Zones.

    • 3.1.1 Five points to remember

    • 3.2.1 Old wine in new bottles.

    • 3.2.2 Old wine in new bottles.

    • 3.2.3 Old wine in new bottles.

    • 3.2.4 Old wine in new bottles.

    • 3.2.5 Old wine in new bottles.

    • 3.2.6 Old wine in new bottles.

    • 3.3 Are tax havens and duty free zones the same thing?

    • 3.4 Relevant concepts you are familiar with – in your personal life.

    • 3.5 Crossing the fiscal barrier.

    • 3.6 ″The Free Trade Zone fad″.xxxx

    • 3.7 Who uses free trade zones?

    • 3.8 Goods in a free port behave just like money in a bank.

    • 3.9 Long division and the value of cigarettes

    • 3.10. What law applies in Free Trade Zones?

    • 3.11.1 Sample law setting up a free trade zone.

    • 3.11.2 Sample law setting up a free trade zone.

    • 3.11.3 Sample law setting up a free trade zone.

    • 3.11.4 Sample law setting up a free trade zone.

    • 3.12.1 "You said it was what?"

    • 3.13.1 Permits and Permissions

    • 3.13.2 Permits and Permissions

    • 3.13.3 Permits and Permissions

    • 3.14 By any other name….

  • 5

    4. The application of domestic law to global operations.

    • 4.1 Reducing the need for extra-territorial application of laws.

    • 4.2 Classifying "dirty money."

    • 4.3 Money Laundering

Individual

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