Sanctions, Trade-based Money Laundering Risks and Controls

Programme Overview

This module is crafted to equip experienced officers with deeper expertise in managing sanctions and Trade-based Moneylaundering risks. Participants will engage with real-world case studies, ranging from straightforward to complex scenarios, to build analytical and practical skills essential in a global regulatory environment, with a focus on the financial services landscape in Singapore. Through interactive discussion and hands-on exercises, this course will provide insights into global and local sanction frameworks, TBML typologies, risk controls, and the communication of risk frameworks across the organization.

Total Training Duration: 8.5 CPD hours
Core FAA CPD: 4 hours
Core SFA CPD: 4 hours
Classroom Hours: 8.5
Preparatory Hours: 4

Learning Outcomes

By the end of this module, participants will be able to

Understand the regulatory landscape.
Review and set target risk levels for Sanctions and TBML in alignment with organizational risk appetite set by the board and senior management.
Identify and assess Sanctions and TBML risks and threats through comprehensive risk assessments.
Design robust Sanctions and TBML risk management frameworks, processes, and strategies in collaboration with stakeholders.
Direct the development and implementation of Sanctions and TBML risk controls and response activities aligned to organizational risk strategy.
Evaluate the effectiveness of various Sanctions and TBML risk controls and responses from an enterprise perspective.
Communicate Sanctions and TBML risk management best practices, frameworks, and processes effectively to all employees.
Articulate the impact of the enterprise risk management framework on the organization’s overall risk management strategy.

Download programme brochure

Who Should Attend

This course is designed for compliance professionals within the financial services sector with at least 3 years of relevant experience, including legal, enterprise/operational risk, audit professionals and those in control functions in the 1.5 line of defence. It is also relevant for external lawyers, consultants and accountants advising the financial services sector.

Useful Links

Certification

Participants who successfully complete the programme will be awarded:

Accreditation

IBF Accreditation

This course is currently undergoing accreditation IBF Standards Training Scheme (IBF-STS). Upon successful accreditation, the course will be eligible for IBF funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.
For more information on the Skills Framework for Financial Services, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

For more information on the IBF-STS, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

Certification

About IBF Certification

This course addresses the following Technical Skills and Competencies (TSCs) and proficiency level:

Risk Management (PL4)

Participants are encouraged to access the IBF MySkills Portfolio (https://www.ibf.org.sg/programmes/Pages/MySkills-Portfolio.aspx) to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role.

Find out more about IBF certification and the application process on https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx

Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$)
Before GST	After GST	Company-Sponsored	Self-Sponsored

Note:

Prices shown are based on the prevalent IBF-STS subsidies. T&Cs apply.

Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.

Eligible SG citizens may utilise SkillsFuture Credit to offset course fees. This is only applicable for the regular SkillsFuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding.

^#Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This may include materials fees, registration fees and misc fees.

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.