Financial Crime Avoidance in Trade & Commodity Finance 17-18
About The Events
Financial Crime Avoidance in Trade & Commodity Finance 17-18 Aug 2021 – 12 CPD Points (IOBSA) JHJ Training Financial Faculty R11990 per delegate excluding vat or $849 (Discounts on group bookings) Email me to register for this class: [email protected]
Your presenter: Howard Palmer International Speaker & Financial Crime Expert
Learn the art of defusing, wiring and re-wiring, avoidance, and saving your Bank millions of Rands/Dollars. From the only International Speaker (Howard Palmer) to have appeared in the High Courts of London, Hong Kong, Singapore, USA, and Russia.
Our presenter, Howard Palmer, is an internationally recognized SME in Trade Finance, Financial Crime and the author of Trade Finance Risk-Documentary Fraud (Euromoney publications). Having trained and coached over 5,500 Bankers, Traders, Lawyers & Corporate Executives in 55 Countries,
Howard is presenting a full 2-day virtual course (12 CPD points), live and interactive, for delegates in Africa & South Africa. Please reserve your seat as space is limited!
Who should attend? • Trade Finance Bankers, Traders, Financiers. • Money Laundering Officers and Executives • Compliance Staff, Para-Legal Staff, Lawyers. • Chief Financial and Operations Officers • Credit Teams and Committee Members.
Due Diligence: - A Legal Definition - Due Diligence in Practice - The Baden Rules and ICC definitions - Secrecy, Privacy v Due Diligence - Understanding Fraud Entry Points, Hin Leung and Greensill. - Generic Case Studies – the 108% Fraud - Prime Bank Frauds/ Discounting Frauds - Supply Frauds (Cement, Sugar, Urea, Metals) - Constructing an Exit Strategy -what the Courts require Due Diligence Practicalities: - A review of the RBG (Allied Deals) and Solo Industries Frauds (Metals Frauds) - Commodity related frauds generic types and case studies. - Documentary Fraud Avoidance - The Fraud Avoidance Checklist - The points at which your client turns to fraudulent activities. The 2021 Practise of Cyber Due Diligence: - Systemic Risks and Financial Crime - Monitoring Digitized and Robotic Inputs - Supply Chain Risk Entry Points - Blockchain and crypto-currency Financial Crime - COVID 19 and Fraud. - Definition of Political Risks and Cyber-terrorism - Practical Due Diligence and the Law - The Goods do not exist-the fraud of the last decade analysed and avoided (China and Singapore) - Monitoring Functions and the Financial Intelligence Unit - Practical Due Diligence procedures Documents and Frauds: - The Concept of Constructive Delivery - Forged and Fraudulent Documentation - A review of Santander v Bayfern - Contemporary fraudulent documents (Case Studies) - Perils of Summary Judgements - The missing Bill of Lading Key-Note Presentation: How to avoid being an unwitting terrorist money launderer. - Monitoring and Making Sense of Office Politics and Financial Crime - Mechanics of Organized Crime and Ideology. - Taking cash to a crime scene. - Charities and Money Laundering. - The monitoring questions you should be asking. - The FCA Thematic Review of Financial Crime in Trade Finance. - Practical Due Diligence and the Law (II) - Advanced Money Laundering Schemes - Monitoring Functions, Thematic Reviews. - Sampling and RED FLAGS - Reporting Standards and Contemporary FATF and International Directives. - Monitoring Functions and the Financial Intelligence Unit - Practical Due Diligence procedures in Terrorist Money Laundering. Quantitative Financial Crime: - BASEL3 and Financial Crime. - Financial Crime as Systemic Risk. - Technological Solutions. - Financial Crime as part of the Operational Risk Environment. - A study of OM under quantitative rules - Risk weighting and financial crime. - Minimum Standards of FC risk assessment and the tools to utilize. - 3-D Risk weighting for Financial Crime including Sovereign Risk, local issues, potential earnings etc. - Futuristic Financial Crime Scenarios as “Crimes” Change. - 9/11 and its permanent effects. Practical Solutions and Being Pro-Active: - Typologies of Compliance and their effect. - Questions we should be asking of the escalation process. - Misuse and misunderstanding of L/C products. - Where does a deal originate? - Banks as Money Launderers. - Quindong Warehouse Documentation. - Malaysia-Iran Oil Issues (NIOC). - Analyzing recent Financial crime generic types. Creating an Anti-Crime Culture: - A multi-departmental review. - The middle office monitoring function. - Specific Credit and Legal Red Flag. - The problem with Balance Sheet Analyses and Solutions. - The Culture of Control. - Pressure and Face-Saving. - Over-enthusiastic escalation. - How to defuse Primary Group fraud.