ComplianceOnline

Trade-Based Money Laundering: The Mechanics, The Risk & Red Flags

Instructor: Gina Lowdermilk
Product ID: 704713
Training Level: Basic
  • Duration: 60 Min

recorded version

$249.00
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

Training CD

$399.00
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

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This Webinar will discuss what defines trade-based money laundering. The Instructor will review the different ways, techniques and schemes in which money laundering can occur and how financial institutions can identify trade-based money laundering. The participants will understand the consequences and learn how to stay vigilant with trends regarding trade-based laundering.

"Trade-Based Money Laundering" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.2 CPE credit up on full completion of the course.

Why Should You Attend:

Money laundering can occur in many different ways and through many different channels. Financial institutions are required to take the proper steps to mitigate the possibilities of money laundering from occurring. Although financial institutions are familiar with some of the money laundering schemes, financial institutions may overlook some uncommon areas where money laundering is a possibility. Trade-based money laundering is one of those areas that sometimes get overlooked, or not enough consideration is given. It is important that financial institutions understanding what trade-based laundering entails and ensure that they have the monitoring in place to identify it and prevent it.

Areas Covered in the Webinar:

  • What is Trade-Based Money Laundering
  • How does Trade-Based Money Laundering Occur
  • What can be done to monitor it?
  • Examples of Trade-Based Money Laundering
  • Consequences for Failing to Monitor for Trade-Based Laundering
  • Staying current with Trade-based Money Laundering Activity

Who Will Benefit:

  • Compliance Managers & Officers
  • Risk Managers and Officers
  • BSA Officers /Personnel
  • BSA/AML Executive Managers
  • Presidents / Vice Presidents
  • Fraud Managers / Personnel
  • BSA/AML Auditors

Instructor Profile:

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.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Field of Study Minutes CPE
Business Management & Organization 20 0.4
Regulatory Ethics 40 0.8
Total Duration - 60 Min Total Credits - 1.2

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