{"product_id":"trade-finance-fraud-prevention","title":"Trade Finance Fraud Prevention","description":"\u003cdiv class=\"ebsi-team-licence-note\"\u003e\u003cp\u003e\u003cstrong\u003eBuying for a team?\u003c\/strong\u003e\u003cbr\u003eChoose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.\u003c\/p\u003e\u003c\/div\u003e\n\u003c!-- ebsi-sales-wrapper --\u003e\u003cdiv class=\"ebsi-sales-wrapper\"\u003e\n\u003cp\u003e\u003cstrong\u003eDevelop practical knowledge and confidence in Trade Finance Fraud Prevention.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eInternational Trade Fraud is a significant danger for all those involved in international transactions. A clear understanding of the most common fraud structures is crucial in identifying potential threats to your business. In this unit you will: - Examine the key international trade finance banking rules in respect of bank obligations and now they may impact on occurrence of a fraudulent international trade...\u003c\/p\u003e\n\u003ch3\u003eWhy this course matters\u003c\/h3\u003e\n\u003cp\u003eThis course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.\u003c\/p\u003e\n\u003ch3\u003eWhat you will gain\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eBuild a clearer practical understanding of the key concepts and terminology in Trade Finance Fraud Prevention.\u003c\/li\u003e\n\u003cli\u003eRecognise how the topic affects real international trade, finance or risk decisions.\u003c\/li\u003e\n\u003cli\u003eApply the course principles more confidently in relevant business situations.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eWho is this course for?\u003c\/h3\u003e\n\u003cp\u003eThis course is suitable for trade finance professionals, bankers, compliance and risk teams, exporters, importers and other professionals involved in international transactions.\u003c\/p\u003e\n\u003ch3\u003eCourse at a glance\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eStudy time:\u003c\/strong\u003e approximately 5 hours.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e self-paced online learning.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProfessional development:\u003c\/strong\u003e CPD course.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan class=\"ng-scope\"\u003eInternational Trade Fraud is a significant danger for all those involved in international transactions.  A clear understanding of the most common fraud structures is crucial in identifying potential threats to your business.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eIn this unit you will:\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e- Examine the key international trade finance banking rules in respect of bank obligations and now they may impact on occurrence of a fraudulent international trade finance transaction.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eFirstly we will Outline the key articles of UCP 600 underlying obligations of banks to each other in respect of a facially complying presentation.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eThen we will Explain the provisions or articles of UCP 600 in respect of banks obligations when documents are not genuine or are falsified.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eNext we will gain an understanding of how Bonds and Guarantees operate and how Standby Letters of Credit may be used to misappropriate funds and create schemes to defraud banks, individuals or institutions.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eHaving absorbed these concepts we will look at the Bank and Customer Relationship, the profile of the typical fraudster, how to do due dilligence and identify fraudulent transaction profiles.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eBy the end of this course you will be well equipped to identify the most common fraud schemes and have the skills to evaluate transactions and proposals allowing you to discern to a greater degree of accuracy than before if they are genuine or not.\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003eIn this learning unit the following topics are covered:\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e1 - Specifics of Trade Fraud\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e2 - Letters of Credit and UCP 600\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e3-  Bonds and Guarantees in Trade\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e4 - The Bank and Customer Relationship\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e5 - Trade Finance Fraud Prevention\u003c\/span\u003e\u003cbr class=\"ng-scope\"\u003e\u003cspan class=\"ng-scope\"\u003e6 - The Fraud Exception and LC Independence Principle\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan class=\"ng-scope\"\u003e\u003cmeta charset=\"utf-8\"\u003e\n\u003cspan\u003eCompleting this course will confer 5 CPD Credits towards internationally recognised \u003c\/span\u003e\u003cstrong\u003eContinuous Professional Development\u003c\/strong\u003e\u003cspan\u003e Requirements within organisations operating this kind of staff development methodology.\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003ch5\u003e\u003cstrong\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cspan class=\"ng-scope\"\u003eCourse Outline\u003c\/span\u003e\u003c\/span\u003e\u003c\/strong\u003e\u003c\/h5\u003e\n\u003cp\u003e\u003cspan class=\"ng-scope\"\u003e\u003cstrong\u003e1. Specifics of International Trade Finance Fraud\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e1.1 Definition of Trade Finance Fraud\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003e2. Letters of Credit and UCP 600\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e2.1 Article 7 Issuing Bank Undertaking\u003cbr\u003e\u003cbr\u003e2.2 Article 12 b. Nomination\u003cbr\u003e\u003cbr\u003e2.3 Veracity of Documents\u003cbr\u003e\u003cbr\u003e2.4 Acting in Good Faith\u003cbr\u003e\u003cbr\u003e2.5 Entitlement to Reimbursement\u003cbr\u003e\u003cbr\u003e2.6 Case History - Fake Inspection Certificate Presented\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003e3. Bonds \u0026amp; Guarantees in International Trade\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e3.1 Definition of a Bond\/Guarantee\u003cbr\u003e\u003cbr\u003e3.2 Reasons for Requiring a Guarantee\u003cbr\u003e\u003cbr\u003e3.3 Issuers of Guarantees\u003cbr\u003e\u003cbr\u003e3.4 Direct \/ Indirect Guarantees\u003cbr\u003e\u003cbr\u003e3.5 Categories of Bonds or Guarantees\u003cbr\u003e\u003cbr\u003e3.5.1 Customer Implications re. Issued Bonds and Guarantees\u003cbr\u003e\u003cbr\u003e3.6 Banks Consideration when Issuing a Demand Guarantee\u003cbr\u003e\u003cbr\u003e3.7.1 Wording in Bonds\/Guarantees Issued by a Bank\u003cbr\u003e\u003cbr\u003e3.8 The Guarantee and the Contract\u003cbr\u003e\u003cbr\u003e3.9 Standby Letter of Credit\u003cbr\u003e\u003cbr\u003e3.10 Guarantees, Standby LCs \u0026amp; Fraud - Example Scenarios\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003e4. The Bank and Customer Relationship\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003e5. Trade Finance Fraud Prevention\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e5.1 The Occurrence of Letter of Credit Fraud\u003cbr\u003e\u003cbr\u003e5.2 User of Trusted Third Parties\u003cbr\u003e\u003cbr\u003e5.3 Highly Complex Transactions to Cause Confusion\u003cbr\u003e\u003cbr\u003e5.4 Authentication of Documents\u003cbr\u003e\u003cbr\u003e5.5 Money Laundering\u003cbr\u003e\u003cbr\u003e5.6 Overcoming inadequate AML Legislation\u003cbr\u003e\u003cbr\u003e5.7 The use of technology to avoid trade finance fraud\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003e6. LC Independence Principle \u0026amp; Fraud Exception\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eFurther Reading\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e1 – A Comparative Analysis of the Standard of Fraud Required under the Fraud Rule in LC Law\u003cbr\u003e\u003cbr\u003e2 – Preventing Letter of Credit Fraud\u003cbr\u003e\u003cbr\u003e3 – The Fraud Exception in LCs : A Global Analysis\u003cbr\u003e\u003cbr\u003e4 – Money Laundering and Financial Crimes Caribbean\u003cbr\u003e\u003cbr\u003e5 – Documentary Credits in International Transactions with a special focus on the Fraud Rule\u003cbr\u003e\u003cbr\u003e6 – International Trade Fraud\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eForum Assignment\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan class=\"ng-scope\"\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cp\u003e\u003cspan class=\"ng-scope\"\u003e\u003cimg alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0077\/7604\/3071\/files\/WinnerBestOnlineTradeFinanceAccreditedCoursesGlobal2019_1_240x240.png?v=1569463503\" style=\"float: left;\"\u003e\u003cspan\u003eOur Trade Finance courses were awarded\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003eBest Online Trade Finance Accredited Courses Globally\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e\u003cspan\u003eby Capital Finance International Magazine in 2019!  Our trade finance online training offerings are \u003c\/span\u003e\u003cstrong\u003eendorsed by the International Finance Corporation\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e\u003cspan\u003efor professional development in this area by its issuing and partner banks.  Our online certificate program is a great value for money way to prepare for the exams of the CDCS and CITF exams.  All our courses are also accredited for Continuous Professional Development (CPD) purposes by the CPD Certification Service of the United Kingdom which confirms they meet international CPD standards.\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c!-- ebsi-cross-sell --\u003e\u003cdiv class=\"ebsi-cross-sell\"\u003e\n\u003ch3\u003eContinue your learning\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003ePart of this learning pathway:\u003c\/strong\u003e \u003ca href=\"\/collections\/trade-finance-compliance-regulatory-risk-and-fraud\"\u003eTrade Finance Compliance, Regulatory, Risk \u0026amp; Fraud\u003c\/a\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c!-- ebsi-academy-breadcrumb --\u003e\n\u003chr\u003e\u003cdiv class=\"ebsi-course-pathway\"\u003e\n\u003cp\u003e\u003cstrong\u003eCourse pathway:\u003c\/strong\u003e \u003ca href=\"\/pages\/welcome-to-ebsi-trade-finance-academy\"\u003eeBSI Trade Finance Academy\u003c\/a\u003e \u0026gt; \u003ca href=\"\/collections\/trade-finance-compliance-regulatory-risk-and-fraud\"\u003eTrade Finance Compliance, Regulatory, Risk \u0026amp; Fraud\u003c\/a\u003e \u0026gt; Trade Finance Fraud Prevention\u003c\/p\u003e\n\u003cp\u003eExplore more \u003ca href=\"\/collections\/trade-finance-compliance-regulatory-risk-and-fraud\"\u003eTrade Finance Compliance, Regulatory, Risk \u0026amp; Fraud\u003c\/a\u003e training or return to the \u003ca href=\"\/pages\/welcome-to-ebsi-trade-finance-academy\"\u003eeBSI Trade Finance Academy\u003c\/a\u003e.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"eBSI Export Academy","offers":[{"title":"Individual Licence (EUR 60)","offer_id":14369379221567,"sku":"ITS-03-FIT-010","price":66.0,"currency_code":"USD","in_stock":true},{"title":"5 Licences (EUR 50 each)","offer_id":59260484551004,"sku":null,"price":275.0,"currency_code":"USD","in_stock":true},{"title":"10 Licences (EUR 40 each)","offer_id":59260484583772,"sku":null,"price":440.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0077\/7604\/3071\/products\/front_4ebdf13d-3161-40e0-b067-8fd0ece57989.png?v=1603502510","url":"https:\/\/www.ebsiamericas.com\/products\/trade-finance-fraud-prevention","provider":"eBSI Export Academy","version":"1.0","type":"link"}