Trade-Based Money Laundering (TBML) Webinar Series
THREE SESSIONS
7 April 2022, 12:30 PM - 2:00 PM SGT – Understanding TBML: Principles and Practices
21 April 2022, 12:30 PM - 2:00 PM SGT – Identifying Red Flags in TBML
19 May 2022, 12:30 PM - 2:00 PM SGT – Fighting and Disrupting TBML
ABOUT THE EVENT
This webinar series on trade-based money laundering (TBML) is a collaboration between ADB’s Trade and Supply Chain Finance Program (TSCFP) and the Asia Wolfsberg Group. This initiative accompanies the ongoing TSCFP-led pilot implementation of trade-relevant suspicious transaction report data, a project which aims to provide greater intelligence to regulators and law enforcement and thereby help detect and disrupt TBML.
OBJECTIVES
The TBML webinar series aims to impart a basic understanding of TBML principles and best practices from subject matter experts who are industry practitioners. The target audience are AML/CFT compliance professionals and trade finance professionals who have basic to intermediate knowledge of TBML typologies and trends, as well as techniques used by banks and regulators to effectively identify and/or prevent TBML. Topics covered in the three-part webinar series are detailed below.
TOPICS and SCHEDULES
7 April, 12:30 PM - 2:00 PM SGT
TOPIC: Understanding TBML: Principles and Practices
OBJECTIVE: To discuss TBML theory, policy, impact on bank and clients, and present relevant case studies
21 April 2022, 12:30 PM - 2:00 PM SGT
TOPIC: Identifying Red Flags in TBML
OBJECTIVE: To share methods and best practices in identifying transaction red flags using evidence-based risk assessment of clients, transaction patterns, and goods/services; and to present relevant case studies on the topic.
9 May 2022, 12:30 PM - 2:00 PM SGT
TOPIC: Fighting and Disrupting TBML
OBJECTIVE: To present effective approaches in TBML prevention by incorporating TBML-specific controls, increasing awareness, and promoting strategic public-private partnerships.
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 07 Apr 2022 | Understanding TBML: Principles and Practices | (Copy of the presentations will be available after the webinar) | |
| 07 Apr 2022 | Understanding TBML: Principles and Practices | Moderated by |
Catherine Daza-Estrada Alexander Malaket |
| 07 Apr 2022 | Understanding TBML: Principles and Practices |
Panelists Theory Policy Impact to Banks and Clients Case Studies |
Gavin DCruz Levent Kutluca Leigh James Salaam Mir |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 21 Apr 2022 | Identifying Red Flags in TBML | (Copy of the presentations will be available after the webinar) | |
| 21 Apr 2022 | Identifying Red Flags in TBML | Introduction |
Catherine Daza-Estrada Alexander Malaket |
| 21 Apr 2022 | Identifying Red Flags in TBML | Clients, KYC, and Trade | Tiffany Ho and Edward Jacobson |
| 21 Apr 2022 | Identifying Red Flags in TBML | Red flags in the Transaction Cycle | Hermione Tay |
| 21 Apr 2022 | Identifying Red Flags in TBML | Case Studies: Realities on the Ground | Hermione Tay and Edward Jacobson |
| 21 Apr 2022 | Identifying Red Flags in TBML |
Catherine Daza-Estrada Alexander Malaket |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 19 May 2022 | Fighting and Disrupting TBML | (Copy of the presentations will be available after the webinar) | |
| 19 May 2022 | Fighting and Disrupting TBML | Introduction | Neha Noronha |
| 19 May 2022 | Fighting and Disrupting TBML | Appropriate Levels of Customer Due Diligence in Trade |
DeAnna O’Reilly Jason Chan |
| 19 May 2022 | Fighting and Disrupting TBML | Roles and Responsibilities Across Functions | Tushar Thakur |
| 19 May 2022 | Fighting and Disrupting TBML | New Zealand’s Experiences with TBML | Ross Twentyman |
| 19 May 2022 | Fighting and Disrupting TBML | Closing Remarks | Neha Noronha |