Program Glimpse

Overview

Overview

TBML is highly technical, challenging but interesting topic regarding understanding its mechanism, tools and techniques used and system vulnerabilities exploited to make TBML transactions successful. This area of learning is bit neglected in AML since it is assumed that only participants with deep understanding of foreign trade can be a part of it which is incorrect concept.

TBML, of-course needs some degree of knowledge of foreign trade and exchange operation, but TBML transactions are not conducted through bending rules of international trade. In simple words, UCP 600, LCs, documents used in trade operations and international regulation govern foreign trade are usually not challenged in TBML. TBML techniques comprise of manipulation of operational practices, misuse of trade instruments and conducting fraudulent transactions which can be identified without deep knowledge of foreign trade.

Training Methodology

  • International Trade Based Financial Crime Introduction including Regulations/Due Diligence/Indicators/AML/ Countering Terrorism Financing / Sanctions & Embargoes/Weapons of Mass Destructions / Commercial Fraud
  • Learning through case Studies an interactive Board Game
  • Deep dive into TBML Customer/Transaction Identification Process
  • AML/CTF Risks in the Trade Finance Chain
  • TBML Typologies including New red flags provided by various international regulatory to be covered.
  • TBML & CTF Red Flags with Product wise red flags to be covered. Importance of Pricing, price tolerance level and price log maintenance (historical) with sample to be covered
  • TBML & CTF Complex Typologies
  • MENA region specific red flags to be covered with examples
  • List of Sanction evasion countries
  • Best Practice and Suspicions Reporting
  • Live case studies on each TBML typologies would help the user to understand the Compliance risk in detail
Overview

For In-house Customized

Simulation Board Game

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Game Methodology

TBML Board Game challenges intellectual skills of participants in a win and lose situation under a competitive team-based environment.

Teams will play the game, deal with challenging customers, cross border transactions, TBML issues, reporting STRs and strengthening TBML monitoring and control mechanism. Teams will get customer persona, financial statements, adverse media and other related information to evaluate risks and incoming challenges possibly arising from their customers in trade transactions. Incorrect identification or leaving a TBML customer unidentified will attract fines and sanctions whereas correct identification will result in reward. badges and points.

By the end, based on Leader Board results teams will be considered winners or Losers.

Game Methodology

COURSE OUTLINE

Myths & Realities

  • Difference Trade Based & Service Based Money Laundering.
  • Complexities, Skill Set & Yellow Signs of TBML.
  • Customer Specifications & Transaction Pattern.
  • Type, Nature & Characteristics of TBML operations.

Red Flags

  • Geographic Locations & New Vendors
  • Change in Mode & Volume of Transactions
  • Shell/Off Shore Companies & Tax Heavens
  • Open Account, Cash Integration & Documentary Collection

Tools & Techniques 1

  • Letter of Credit, Open Account & Documentary Collection
  • Over/Under & Multiple Invoicing
  • Round Tripping & Aborted Transactions
  • Capital Flight Techniques

Monitoring of AML/CFT & PF Data

  • Dirty Money, its Transportation and Key Players
  • Vulnerable Areas and Segments
  • Inherent Risk in Various Professions & Transactions
  • Consequences of Non-Compliance and resultant Laundering
  • How the Likelihood increases when actors exploit vulnerabilities

Tools & Techniques 2

  • Transshipment & Complex Supply Chain
  • Tax Evasion using TBML.
  • Black Market Peso Exchange
  • Pricing & Valuation Techniques

Training Tools & Games

The session will be delivered using  tools like

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    Card Game

    Customer risk profile and rating

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    Puzzle Game

    STR, CDD and EDD profiling

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    TBML Board Game

    Complete TBML Layering process

Customized Solution

SIMULATION BOARD GAME

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Finance For Non Finance

Simulation Board Game

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Anti-money Laundering

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Trade Based Money Laundering

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TESTIMONIALS

It was more interactive, more concentrating on the practical side rather than theory. An exciting and engaging session through the board game. Smart, Collaborator and can deliver the information clearly the presenter is very well educated easy to explain the subject.

Du

We have really enjoyed the session and it is highly interactive. The Board Game methodology enable us to do the learning while doing approach.

Emirates NBD Bank

Simfotix Trainer bear a Persuasive approach in training and the company is professional in the arrangement of training till end to make it a memorable experience. Finance For Non Finance board game session is really fun to learn the concepts and apply business decisions.

Ghobash Group

Informative, engaging and we used new tools used for understanding our organization business cycle in this Finance for Non Finance Program by Simulation Bord Game.

Al Batha Group

Good work SIMFOTIX to deliver a very good session for our Top Management. The Leadership Board Game engaged our team with scenarios and exercises. Looking forward to more sessions.

SIEMENS Healthineers

Targeted The blend of Finance for Non Finance with Negotiation Skills for our entire team is a very good program by SIMFOTIX. The Card Game , Board Game and other learning tools are highly engaging. Thank you SIMFOTIX.

Oman Fiber

Property Management Board Game of Finance and Business acumen is well delivered by SIMFOTIX. Our team learned a lot because of the customization to our Property Management Business Model.

Deyaar Development

It was more interactive, more concentrating on the practical side rather than theory. An exciting and engaging session through the board game. Smart, Collaborator and can deliver the information clearly the presenter is very well educated easy to explain the subject.

Du

We have really enjoyed the session and it is highly interactive. The Board Game methodology enable us to do the learning while doing approach.

Emirates NBD Bank

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