The London Institute of Banking & Finance has announced the launch of a new qualification designed to help trade finance professionals combat financial crime and remain compliant with regulatory demands around the world.
Developed in partnership with the Institute of International Banking Law & Practice and Coastline Solutions, the Certificate in Trade Finance Compliance is designed for operational teams, relationship managers, and audit, compliance and risk practitioners. It provides the technical knowledge required to succeed within the trade finance landscape and the ability to apply this knowledge within a professional setting. The programme has been developed with substantial industry input and covers issues including anti money laundering, countering terrorist financing, sanctions, bribery and corruption and commercial fraud.
Speaking about the launch of the qualification, David Morrish, trade finance expert at The London Institute of Banking & Finance, said:
“The launch of the CTFC is, we hope, a welcome step to ensuring widespread regulatory compliance across the industry. There is a clear appetite among the industry for substantial training on these matters – we have received hundreds of registrations of interest for this qualification thus far. Financial crime poses material risks to the entire financial services industry. Increasing regulatory demands mean that firms must be diligent in ensuring that relevant staff have the skills and knowledge needed to identify and respond to these risks. Our aim for the CTFC is twofold – to ensure that organisations and individuals are able to meet regulatory standards and to help combat the ongoing threat of trade finance financial crime and the damage it does to the wider finance services industry.”
To find out more about the various Trade Finance qualifications along with the Certificate in Trade Finance Compliance, click here.