Trade Based Money Laundering

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Course Description

Trade Based Money Laundering is the latest challenge in international money laundering law enforcement.

As the financial community becomes more experienced in recognising and preventing traditional money laundering methods, such as large cash deposits, criminals have explored other means to scrub their ill-gotten gains. International trade and trade instruments are often used as vehicles to launder criminal money.

Businesses involved in international trade need to be vigilant to ensure their trades are not compromised by criminal elements infiltrating their organisations.

Banks need to be aware of the risks to their reputation should their services be found to have facilitated the process of money-laundering.

The sheer volume and international nature of trade can create a cloak of complexity and lack of transparency that financial criminals seek to exploit. This course has been designed by subject matter experts to provide an overview of trade-based money laundering (TMBL) risks. It introduces the core principles and features of TBML and outlines the various methods and techniques used by criminals. It gives a clear explanation of various TBML typologies and supplies practical insights into how to identify money laundering red flags.

Who should do this training?

This course is suitable for

  • banking professionals, particularly client-facing employees,
  • as well as risk management analysts and AML compliance officers across banks and businesses that trade internationally.

Download course outline here .

Specialized Financial Economic Crime Training

GRC Solutions is thrilled to collaborate with leading financial crime advisory firm, i-KYC, pairing their premium content library with our award-winning Salt Learning technologies to improve your approach to addressing Financial Economic Crime (FEC).

Download our brochure here

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For more information on other GRC Solutions’ AML/CTF training resources:

Australia

Anti-Money Laundering– covering the responsibilities of financial services and other businesses in general

Australia – Financial Services

AML/CTF Training for Finance Sector – covering the particular responsibilities of ADIs

USA

Anti-Money Laundering – USA

Singapore

Anti-Money Laundering – Singapore

Malaysia

Anti-Money Laundering – Malaysia

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Course Outline

Module 1: An introduction to trade-based money laundering (TBML) principles

• An introduction to trade-based money laundering (TBML) principles

• Key features of a TBML scheme

• TBML methods and techniques used by criminals

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Module 2: TBML typologies and red flags

• Jurisdictions

• Goods/services

• Corporate vehicles and structures

• Trade finance instruments

• TBML and the role of banks

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Work Health & Safety

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Course Description

“Every worker owes a duty to take reasonable care for the health and safety of themselves and others at the workplace”

The nation’s work health and safety obligations

Australia’s work health and safety laws have come a long way since commencing in 2012. Based on Victorian legislation, they have since been adopted by most states and territories. Western Australia has committed to applying the essential features of the harmonised laws to their own regime. This makes compliance training in these laws critical to understanding our work health and safety obligations nationwide.

Our Work Health and Safety (WHS) course applies to learners around Australia. It addresses the essential elements of the harmonised laws that all states and territories have in common, while also explaining where the Victorian and Western Australian laws differ.

The course covers all the duties and important things you and your staff need to know about the law – from a legal as well as from a practical perspective. It also places these duties and obligations in context by outlining who enforces the laws, and how.

Every worker has a duty of providing reasonable care for the health and safety of themselves and others in the workplace. They can also play a role in identifying, reducing or removing work health and safety risks. This course ensures that everyone can train in their relevant legal obligations wherever they are in the country.

NEW

We now have a new version of the course available: WHS in the Office, dealing with issues that are specific to an office environment. It explains in plain English the issues that employees need to know and understand from a legal as well as a practical perspective.

As always, we back it up with a large number of practical examples ranging from ergonomics to direct dangers to employees’ health.

Who should do this training?

This course provides all employees with critical safety training to prevent incidents, develop an appropriate workplace culture and minimise the risk of prosecutions and claims.

It is designed to cater for a diverse audience and all levels of staff. We therefore have generic modules aimed at all employees and some specific to senior management.

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Course Outline

  • Module 1: Introduction to WHS
  • Module 2: Workers’ obligations and rights
  • Module 3: Duties of PCBUs
  • Module 4: Compliance and enforcement measures
  • Module 5: Duties of officers
  • Module 6: Other parties

Whistleblowing

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Course Description

Would you feel confident speaking up if you encountered misconduct in your organisation?

Whistleblowing is the act of exposing misconduct or an improper state of affairs within an organisation. Research shows that businesses that receive and investigate whistleblower reports show a significant and lasting decline in misconduct incidents. But often employees are reluctant to report misconduct they notice at work because of fear that the organisation or another employee will take adverse action against them for speaking up.

Organisations must build trust with their employees (and other third parties) to encourage them to make reports. This means creating a workplace culture of whistleblowing, and having clear and dedicated systems in place to ensure whistleblowers are protected and aware of their rights.

This courses uses real-life examples and scenarios to guide individuals on what to do when a reportable situation arises, what to expect from the reporting process and what protection they can expect. Advanced modules cover how to institute a whistleblowing culture from the top down.

Who should do this training?

This course contains a general module suitable for employees at all levels and in all facets of your organisation, as well as module for managers on whistleblowing obligations at an organisational level.

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Course Outline

  • Module 1: Introduction to whistleblowing
  • Module 2: Whistleblower protections (for managers and other senior employees)

Unconscious Bias

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Course Description

Unconscious Bias – what’s in this course

Everyone has unconscious biases of one sort or another, which can affect the objectivity of our decision-making

Awareness, analysis, action

Unconscious biases cause us to unintentionally favour or disfavour certain people over others. Everyone has unconscious biases of one sort or another. That doesn’t make us bad people. But it does mean there’s often room for more objectivity in our decision-making.

Unconscious bias is most commonly raised in recruitment but it affects all areas of an organisation, including team selection, enforcement of codes and policies and day-to-day tasks, how meetings are run and who gets credit for a job well done. Learning to recognise and analyse your unconscious biases leads to fairer and more reasonable outcomes and helps to create an inclusive organisational culture.

This course uses realistic scenarios to illustrate some of the problems created when people’s biases go unexamined and offers you a range of practical techniques to help you evaluate whether a bias is  useful or not.

Who should do this training?

This course is suitable for employees at all levels and in all facets of your organisation, not just human resources staff.

Workplace Behaviours

We also cover Unconscious Bias in our Workplace Behaviours course – more information here

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Course Outline

  • Module 1: Introduction to unconscious bias
  • Module 2: Managing unconscious bias in your organisation

UK Bribery Act

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Course Description

The UK Bribery Act has been described as groundbreaking in scope and reach, and as one of the world’s toughest and most comprehensive pieces of anti-bribery legislation.

This course explains the context and substance of the UK Bribery Act and key strategies for managing risks.

It explains what bribery is and supplies an overview of global trends in corruption.

The course then breaks down information about the international reach of the Act. It identifies the four bribery offences recognised by it – including the so-called ‘corporate offence’ under which organisations could be held accountable – and outlines who is at risk and what red flags to look out for.

The course finally addresses ways to manage risks, taking into account the UK Ministry of Justice’s six guidelines for adequate procedures, as well as issues such as business expenditures and facilitation payments.

Who is this training for?

This training applies if:

  • your organisation was incorporated or formed in the UK
  • your organisation carries on part of its business in the UK, regardless of its place of incorporation
  • any act or omission forming part of a bribery offence occurs in the UK
  • your organisation provides services to another organisation in the UK – for example, it acts as an agent of the UK organisation
  • you are a UK citizen or resident in the UK (even if the bribery act is committed outside of the UK), or as a senior officer of the body corporate, you consented or connived to the commission of an offence by the body corporate.

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Course Outline

  • Module 1: International bribery and corruption
  • Module 2: Offences under the UK Bribery Act
  • Module 3: Managing risks under the UK Bribery Act

Workplace Behaviours Compliance Training Course

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Course Description

Workplace Behaviours – What’s in this course?

Changing workplace cultures by changing behaviours

The consequences of workplace bullying, discrimination and harassment have never been more widely known.

Bullying, discrimination and sexual harassment can harm individuals’ mental health and safety. They can lead to heavy costs for organisations, including reputational damage, compensation orders and high staff turnover.

What should you do if you see a colleague being bullied? Where does flirting stop and harassment begin? How do you prevent uncomfortable or unsafe situations from taking place?

Anyone can be a victim, perpetrator or bystander, and everyone has a role to play in creating a workplace culture where diversity is valued and individual dignity is respected.

This course provides tools for learners to recognise and prevent unacceptable behaviour, and outlines practical support for individuals who experience bullying, discrimination or sexual harassment.

Manager-specific modules focus on strategies and procedures for managing incidents.

The training also explores how becoming aware of our unconscious biases, developing our cultural competence and promoting accessibility can make our workplaces truly diverse and inclusive.

Who is this training for?

This course caters to the whole organisation, with specific modules for managers and supervisors on how to identify misconduct and address complaints.

The standard you walk past is the standard you accept.

Unconscious Bias

We also offer standalone training on unconscious bias to help you and your staff recognise and analyse your unconscious biases, in order to deliver fairer and more reasonable outcomes and to create an inclusive organisational culture.

See here for more details.

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Course Outline

  • Module 1: Workplace bullying
  • Module 2: Discrimination and sexual harassment
  • Module 3: (Advanced) Bullying, discrimination and sexual harassment
  • Module 4: (Advanced) Dealing with incidents and complaints
  • Module 5: Diversity and inclusion

 

Introduction to Regulation CC and the Expedited Funds Availability Act

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Course Description

This training is designed to help banking staff understand the time-frames for customers to be able to draw against funds they have deposited

The law requires banks, when customers deposit funds into their accounts, to tell them how long it will take before the funds are available to them. Staff need to understand these requirements.

This short, single-module course outlines the types of transactions where banks are required to make funds available to customers the next business day, and the exceptions to these requirements. It also covers those transactions that are excluded from the next business day rule. Staff who complete the training will be able to explain these rules to their customers.

The course also introduces staff to the Check Clearing for the 21st Century Act, so they can understand the technology that enables banks to safely comply with the next business day rule.

It gives an overview of the applicable penalties for non-compliance.

Who is this training for?

The course is a suitable introduction forall banking staff who deal with borrowers including credit card holders.

Scenario

Jasmine, who runs a small baby-sitting business from home, needs to make a $500 up-front payment to a new supplier in order to open an account to purchase baby food.

Jasmine has just received a $400 check from a client for the last two month’s baby-sitting and she wants to use the funds from that check to make the deposit payment to her new supplier.

How soon will Jasmine be able to make her payment to the new supplier?

Retail Banking Compliance Training

This course is part of the Retail Banking Compliance Suite

The courses available are

For more details, click on the course names above.

Course Outline

  • Explain the purpose and function of Regulation CC
  • Give a general explanation of the transactions that have short hold periods
  • Discuss transactions that may have longer hold periods and explain where you can get the details

Introduction to Regulation DD and the Truth in Savings Act (TISA)

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Course Description

This training is for banking staff on the information that must be supplied to customers when opening banking accounts

Regulation DD was designed to help consumers make more informed decisions about the accounts they open and so to foster healthier competition between financial institutions, in order to promote financial stability.

This short, one-module course introduces bank staff to the purposes of Regulations DD and TISA. It describes the types of accounts subject to the regulation, the type of information that must be supplied, and the times when it must be supplied. It includes real-lifecase studies.

It also introduces truth in advertising requirements that apply to the sale of savings products.

Who is this training for?

The course is a suitable introduction for all customer-facing banking staff.

Scenario

Jasmine, who runs a small baby-sitting business from home, was handling her finances using her savings account. Because things became more complex, Jasmine decided to open a different account that will allow her to pay her suppliers and invoice her customers more efficiently.

Jasmine is wondering what sort of new account she should open, and which bank she should open it with.

Retail Banking Compliance Training

This course is part of the Retail Banking Compliance Suite

The courses available are

For more details, click on the course names above.

Course Outline

  • Explain the purpose of Regulation DD and TISA
  • Describe the types of accounts covered
  • Describe the types of information required to be disclosed to consumers and when it must be disclosed

Introduction to Regulation E and the Electronic Funds Transfer Act

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Course Description

This training is for bank staff on rights, liabilities and responsibilities of businesses and their customers in electronic fund transfer systems

Much of Regulation E outlines the procedures consumers must follow in reporting errors with EFTs and the steps a bank must take to provide recourse.

Banks’ liabilities with respect to problematic e-payments are a daily cost of doing business. This cost can be minimized if bank staff are properly trained in the various requirements, timelines etc, and are able to advise their customers accordingly. Failure to comply, on the other hand, subjects a bank to significant penalties.

This short, one-module course sets out the rights and responsibilities of consumers and of banks when there is an EFT error. It includes a real-life case study.

Who is this training for?

The course is a suitable introduction for all customer-facing banking staff.

Scenario

Jasmine is checking her bank statement on-line. She notices an entry relating to a $600 purchase three days ago at a fruit and vegetable store in another city. Jasmine has never been to that store.

Jasmine checks further and discovers a few other, smaller purchases that she did not make.

She checks her pocketbook and discovers her debit card is missing. Jasmine realizes that she must have left it in a drug store when purchasing milk last week.

What should Jasmine do to try to get that money back?

Retail Banking Compliance Training

This course is part of the Retail Banking Compliance Suite

The courses available are

For more details, click on the course names above.

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Course Outline

  • Explain the purpose of Regulation E and the Electronic Funds Transfer Act
  • Describe the responsibilities and liabilities of consumers who discover that their debit card may have been lost or stolen
  • Describe the responsibilities of banks when an EFT error is reported to them

Introduction to Regulation Z and the Truth in Lending Act (TILA)

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Course Description

This training is for banking staff on their responsibilities and liabilities under the truth in lending law

There are severe penalties for lenders that do not comply with the truth in lending laws – staff training is a crucial part in ensuring that a lending business maintains compliance in this area.

This short, single-module course gives an overview of the many elements of TILA as they apply to both open-end (eg credit card) and closed-end (eg home lending) loans. TILA covers more than the requirement for lenders to provide clear and consistent loan information that allows consumers to make informed decisions about credit contracts. It also covers repayment procedures, right of rescission, limits on fees, dispute resolution, assessment of a borrower’s capacity to service a loan, record keeping, and more. Contact staff need to be aware of all these issues in order to avoid jeopardizing the business’ compliance with the law.

The training also outlines the penalties and other sanctions that apply in cases of non-compliance.

Who is this training for?

The course is a suitable introduction for all banking staff who deal with borrowers including credit card holders.

The Truth in Lending Act was passed in 1968 to help clear up confusion in the credit and lending markets that left most consumers dazed about exactly what they were signing up for.

Debt.org, America’s Debt Help Organization

Retail Banking Compliance Training

This course is part of the Retail Banking Compliance Suite

The courses available are

For more details, click on the course names above.

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Course Outline

  • Explain the purpose of Regulation Z and TILA
  • Identify the main components and what it covers
  • Recognize required disclosures and when they are used
  • Promote understanding of the penalties for violations of TILA