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Certificate in Trade Finance Compliance (CTFC) 

Professional Qualifications

Certificate in Trade Finance Compliance (CTFC) 

CTFC is the new industry certification that will give you the knowledge and understanding you need to prevent trade-based financial crimes across the globe. 

Two business people sitting at a computer

About the qualification

This qualification gives you the technical knowledge to succeed in trade finance compliance and the ability to apply expertise in a professional setting. It is a valuable benchmark for Trade Finance Operations Staff, Relationship Managers, Bank Audit and Compliance Staff, and Risk Managers.  

The wide-ranging scope of this international qualification includes:

  • anti money-laundering
  • countering terrorism financing
  • sanctions and anti boycott provisions
  • weapons of mass destruction
  • bribery and corruption
  • commercial fraud

The CTFC is a Level 4 qualification registered with Ofqual in the Regulated Qualifications Framework.

Supported by

BAFT

Key facts

  • Comprehensive study materials are provided online only
  • Registration is open all year round
  • You can book your exam at test centres or through remote invigilation
  • On completion, you can use the CTFC designation after your name 
  • The price includes study materials and exam entry.

Get up-to-date information relating to Coronavirus.

Units

CTFC consists of one unit.

Unit - Trade Finance Compliance

T/616/0082
 

  • International trade environment.
  • Anti-money laundering.
  • Impact and significance of terrorist financing.
  • Sanctions and corruption.
  • Money laundering and fraud on international trade.
  • Responses to indicators of trade finance compliance.
  • Solutions to problems faced in international trade and finance.

Studying

The core text for the qualification is the excellent new publication Trade Based Financial Crime Compliance by Professor James Byrne of the Institute of International Law & Banking Practice (IIBLP). It has been written specifically to complement CTFC and is supported by an interactive module delivered by Coastline Solutions.

The study materials will:

  • Offer a detailed introduction to trade and trade products for professionals unfamiliar with its structure.
  • Identify the best practices for exercising due diligence in trade transactions.
  • Provide comprehensive steps in overcoming the common types of financial crimes that are facing financial institutions today.
  • Explain the indicators bankers need to be aware of in order to take proactive steps in preventing their financial institution from becoming a victim of financial crime or incurring a regulatory fine.
  • Discuss how financial institutions can identify and prevent the occurrence of money laundering, terrorism financing, bribery, commercial fraud and the proliferation of weapons of mass destruction.
You will be learning on our new VLE Brightspace, click on the logo to find out more.

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Assessment

CTFC is assessed through a single 2 hour 30-minute objective exam, split into two sections.

Section A
60 multiple choice questions (a total of 60 marks available for section A).

Section B

  • 5 multiple choice questions (1 mark each)
  • 5 multiple response questions (1 mark each)
  • 3 case studies comprising of a combination of questions, including questions requiring you to pair/match statements to a set of response.  (10 marks per case study)
  • A total of 40 marks available for Section B
     

You can choose when to take your CTFC exam and pick from test centres nationwide or through remote invigilation.

View information on examination booking and venues

CTFC Registry

The international CTFC Registry contains the names of individuals that hold the CTFC designation.

It may take up to 30 days for an individual’s details to appear after receiving their results. If an individual has not passed, their details will not be in the registry. If they don’t successfully recertify after three years, their names are removed from the registry. 

If you have any queries, please email customerservices@libf.ac.uk or call +44 (0)12 2781 8609.

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Recertification

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International students registration

Registrations and queries for students from Bangladesh, China, Indonesia, Malaysia and South Korea should be directed to the email addresses and telephone numbers provided under the relevant country below.
 

The Secretary General
ICC Bangladesh
Suvastu Tower (56th Floor)
69/1, Pantha Path
Dhaka-1205, Bangladesh.

If you have any queries, please email arahman@icc-bd.org or iccb@bdmail.net or call 880-2862-1942 or 880-29676698.

Ms. Sui Mengqing
Training Center of CCPIT &CCOIC,
No. 2 Huapichang Hutong,
Xicheng District, Bejing, 100035
China

If you have any queries, please email ctfcchina@ccpit.org or call (+8610) 8221 7205.

 

ICC Indonesia,
Tempo Pavilion 1 building 8th Floor,
Jl. HR. Rasuna Said Kav. 11,
Jakarta 12950
Indonesia

If you have any queries, please email icc@iccindonesia.org or call (+62) 21 29667914

ICC Malaysia
Level 26 Menara Hong Leong
No. 6 Jalan Damanlela
Bukit Damansara
50490 Kuala Lumpur
Malaysia

If you have any queries, please email icc.cpk@rdl.com.my or call 03-2632 9999

Ms Sangkyung Kim
Korea International Finance Institute
KIFI Building, 50-8,
Toegyero 20 Gil
Jung-gu
Seoul 100-042
South Korea

If you have any queries, please email kifi01@naver.com or call (+82) 2 778 0808.

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