The Silent Side of Trade Finance
BACKGROUND
Trade finance is critical to the international economy. It is key that the process runs efficiently and is protected from the machinations fraudsters and money launderers. The objective of this course is to enable participants to understand what trade fraud is, who are the fraudsters, their motivation, and preventive measures to mitigate risks in frauds in relation to international trade. Case-studies in relation to International Trade Fraud will be provided.
TARGET AUDIENCE
For anyone who works in the banking, audit and accounting sectors and also those in multi-national corporations who requires to understand trade fraud and take preventive measures to mitigate the risks.
LEARNING OBJECTIVES
At the end of the programme, participants will be able to:
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Understand what trade fraud is;
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Types of fraudsters and their motivation;
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Preventive measures to mitigate risks in frauds in relation to international trade.
PROGRAMME OUTLINE
Introduction
Types of commercial and international trade fraud
Trade fraudster
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Who are they?
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Characteristics and motivation
Victims of trade fraud
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Importers
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Exporters
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Financial Institutions
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3rd parties
Financial fraud in relation to financial instrument
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Standby Letters Of Credit and Banker’s Guarantee
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Bills of Exchange
Commodity fraud
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Characteristics
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Could it be avoided
Measures to reduce the risk of international trade fraud
International trade fraud vs Digital Age
LEARNING METHODOLOGY
A combination of short lectures, and case study.
COURSE DETAILS
Date : 23 August 2016
11 October 2016
Time : 9 am to 5 pm
Course Fees : S$599.00 (no GST)
Course Duration : 1 day
10% Early Bird Discount or 20% Group Discount
Productivity & Innovation Credit (PIC) claimable