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Trade Finance – Challenges and Best Practice

About This Webinar

How can financial institutions get on top of trade finance risk? What controls should be in place to combat trade-based financial crimes? And what role can data analytics play in that fight?

Trade-based money laundering (TBML), trade mis-invoicing, and abusive profit shifting present serious threats to the integrity of financial institutions (FIs), countries, and the global financial system. The problem is growing, as the increasing scale and complexity of global trade make it an ever more attractive channel for criminal organisations, professional money launderers and terrorist groups to move and disguise illicit funds. In 2017, trade-related illicit financial flows between the 135 developing countries and 36 economies alone were estimated at US$817.6 billion.

The attention placed on trade finance risk by governments and global regulatory bodies looks set to increase, with global trade in goods during the first quarter of 2021 exceeding pre-pandemic levels, and with the expansion in online business, the introduction of new technologies and the digitalisation of trade processes. However, as pressure mounts on FIs to detect and counter these illicit activities, many organisations still rely on manual processing of trade finance transactions.

In this webinar, chaired by ICA Vice President Pekka Dare, a panel of TBML experts will discuss current challenges of – and approaches to – detecting illicit activities in trade finance. This will include best practice insights on how to receive trade transactions and review red flags, as well as guidance on the use of data sets to determine value and volume gaps in commodity trades and to evaluate individual trade transactions for suspicious activity.

Who can view: Everyone
Webinar Price: Free
Featured Presenters
Webinar hosting presenter
Vice President ICA
Pekka is Vice President of ICA. Pekka has many years’ experience as a practitioner in Financial Crime Compliance and has spent the last 11 years helping ICA to become the world’s most respected professional body and training provider in Compliance and Risk.
Webinar hosting presenter
Managing Director
Aamar Ahmad is Managing Director of Sigma Risk, a financial crime compliance advisory firm and ICA accredited training partner. Sigma Risk is exclusive exclusive trainer provider of International Compliance Association in India, Pakistan, Malta and Nigeria.

Aamar is a professional trainer and subject matter expert in financial crime compliance (FCC) and trade based money laundering (TBML). His clients include financial institutions and global corporations.

Operating across the globe, Aamar is a public speaker on AML and FCC matters at various industry forums. Aamar has delivered number of projects focusing on FCC advisory, remediation, risk assessments, trade finance thematic reviews, policy gap analysis, and the designing & delivery of bespoke training
Webinar hosting presenter
Head Regulatory, Corporate & Financial Crime Compliance in AIA Singapore
Jee Meng started his career in the Retail and Commercial Banking segment in a foreign bank and has over 20 years experience that spans across various functional positions in audit, risk management and compliance. He is currently Head Regulatory, Corporate & Financial Crime Compliance in AIA Singapore.
Since year 2001, Jee Meng has started to contribute banking and risk-related articles, free-lance basis, in international publications e.g. The Risk Management Association Journal, OpRisk and Compliance Journal, Fraud Intelligence, LCMonitor, Documentary Credit Insight, etc. He conducts seminars/workshops in the Association of Banks in Singapore, the Institute of Singapore Chartered Accountants, etc
Webinar hosting presenter
Illicit Trade Director
Channing Mavrellis is the director of Global Financial Integrity’s program on illicit trade, focusing on the intersection of illicit financial flows, transnational crime, and international trade. Ms. Mavrellis has over nine years of experience working on issues related to anti-money laundering and countering terrorism financing (AML/CFT) and six years of conducting data-driven analysis of illicit trade and trade-related IFFs. In addition, she has three years of experience providing policy advice and training to U.S. and foreign government officials on illicit trade, in particular detecting and combating customs fraud and environmental crimes. She has delivered remarks on illicit trade, customs fraud, and IFFs at events organized by various high-level organizations including the OECD, UNDP, U.S. Customs and Border Protection, U.S. Department of State, and U.S. Department of Defense.
She has a Master of Arts in International Affairs from American University’s School of International Service, where she pursued coursework on transnational organized crime and terrorism. Prior to joining GFI, Ms. Mavrellis worked in banking, and has taught in South Korea and Morocco. Ms. Mavrellis has a Graduate Certificate in French Translation from American University and received a Bachelor of Arts from the University of Wisconsin.
Webinar hosting presenter
Senior Manager Accenture
Luma is an economist and banking specialist experienced in Financial Crime policy setting and control implementation.

She designed and implemented compliance controls at strategic and operational levels working closely with business divisions, industry bodies and regulators to develop shared frameworks and an agreed approach on matters such as de-risking, facilitation of international transactions relating to humanitarian work and sectoral sanctions.

She is particularly experienced in working across functions and boundaries to translate global policies into operational practices supported by appropriate technology. She is active within the RegTech space, mainly focused on new tools to combat Money Laundering.

Luma is a Chevening Scholar and a Fellow at the International Compliance Association. She has a Bachelor in Economics, a Postgraduate Diploma in Fiscal and Monetary Economy and Master’s degree in Banking and International Finance.

She has a keen interest in technology and current affairs and their economic, social and political impact.
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