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“Trade finance transactions are an attractive medium for money launderers to transfer large values across borders.” Monetary Authority of Singapore

This leaves banks and financiers open to significant reputational, regulatory and legal risk as regulators push for better levels of risk-based due diligence on trade-financing by the financial sector. Open Source Intelligence (OSINT) is a key skill-set for risk analysts and investigators in the fight against increasingly complex financial crime in this area.

About the course

OSINT computer search

This two-day open registration course, brought to you by the publishers of Lloyd's List Intelligence, uses real cases to give practical instruction by experienced practitioners on how to harness proven Open Source Intelligence methods and techniques to improve the productivity and effectiveness in the daily work-streams of investigators and analysts working in trade finance.

 

Who will benefit?

  • Trade finance managers and their teams
  • Customs and excise personnel
  • AML and financial crime investigators
  • Corporate logistics managers

 

This course will involve two days of practitioner led classroom study and will be held in central London. Delegates will receive a course best practice guide of circa. 60 pages at the end of the course.

Register your interest using the form below or email us at osint@informa.com.



Key learning objectives

Trade-based money-laundering is possibly the biggest single method of moving illegal funds across jurisdictions and of layering illicit funds into the global financial system. To understand what amounts are being moved and across which jurisdictions, analysts need to be able to investigate individuals, companies and to quickly understand opaque industries.

 

Case studies

Two PEPs (politically exposed persons) have set up a vertically integrated diamond export, polishing and retailing business that not only shifts the profit margin from the country of origin of the diamonds across to companies registered in the UAE, but also enables the illegal inclusion of diamonds mined in the DR Congo in to the system, thus breaking the industry’s code of conduct on blood diamonds. The value shifted out of the country of origin exceeds $2 billion and the corporate web involves entities registered in the seven different countries. The ability to investigate across multiple jurisdictions, languages and industries is a core skill for trade finance investigators.
Suspicious activity reports and third-party alerts are often the initial indication of irregularities in trade finance. Yet trade-finance investigators will need to dig deeper than falsified invoices and bills of lading and follow through to understand the ownership structures of corporate entities, of transportation and of intermediaries. In the case of CanadaDrugs.com not only was the company generating false invoices, but it was found to have been distributing counterfeit and misbranded drugs and unapproved medicines. In this case it was the false invoicing that led investigators to understand the full extent of the company’s criminal activity.

How our AML and KYC course has helped other businesses

Exotix

A superb tutor who was willing to share his knowledge in a fulfilling attitude…The pace of imparting knowledge and tips kept the whole room fully engaged and made the material interesting and vibrant. It was a chapter of knowledge.

Maxine Madsen Head of AML