Principles for Trade Finance - Bills of Exchange, Documentary Letters of Credit, Forfaiting and Credit Insurance

Instructor: Gina Lowdermilk
Product ID: 704922
  • 29
  • November 2016
  • 11:30 AM PST | 02:30 PM EST
    Duration: 60 Min

Live Online Training
November 29, Tuesday 11:30 AM PST | 02:30 PM EST
Duration: 60 Min

One Dial-in One Attendee
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD

One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after completion of Live training

Customer Care

Fax: +1-650-963-2556


Read Frequently Asked Questions

This webinar will highlight the International trade which has existed for centuries. The instructor will explore the general concepts for trade finance which could include bills of exchange, documentary letters of credit, forfaiting and credit insurance. Additionally, it will discuss settlements and documentation, risks inherent in the business, the effects that sanctions can impose on trade finance, and the controls to mitigate those risks.

Why Should You Attend:

Although financial institutions have been managing trade finance for years, trade finance still in relatively unknown or unclear to most. The change in focus to financial crime implications of trade finance has been driven by a number of factors. Regulators look to the Bank for assurance that they are fully knowledgeable to the components of trade finance, understand its implications in financial crime, and what controls are needed.

“Principles for Trade Finance” highlights the evolution of trade finance. The principles outlined in this are based on industry practice and supervisory experience, and cover three overarching themes: governance, risk management and disclosure.

In this webinar, we will discuss the practicality of these principles and the implementation factors with each of them.

Areas Covered in the Webinar:

  • An understanding of the products used in trade finance and how they work
  • Business risks inherent in trade finance
  • Financial crime in trade and its implications
  • Identifying the controls required to avoid sanctions breaches
  • Controls found in the trade environment

Who Will Benefit:

  • Compliance Officers
  • AML Officers
  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
Instructor Profile:
Gina Lowdermilk

Gina Lowdermilk
BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.

Topic Background:

Trade finance has been in existence for many decades. As financial crimes have become more sophisticated over the year, trade finance has become an additional conduit for money laundering.

Since then, banks and supervisors have been required to expand their knowledge and experience in implementing operational risk management as it pertains to trade finance. Regulatory knowledge has become increasing important and required for banks to effectively combat and mitigate financial crimes being conducted.

As a result of these changes, banks required their appropriate personnel to be fully educated on what trade finance is, how it is important for global trade, its implications on financial crime and money laundering, and what controls are needed in order to help mitigate the risks of financial crimes from occurring through trade finance.

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