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Workshop on AML/CFT and Trade Finance

Events

Workshop on AML/CFT and Trade Finance

26 June 2019 to 28 June 2019
Nadi
Fiji

This three-day workshop gathered 40 representatives from 28 local commercial and international banks and government institutions from 11 countries in the Pacific region. Experts from ADB’s Trade Finance Program (TFP) updated participants on anti-money laundering (AML) and trade-based money laundering concepts, ADB’s customer due diligence and environmental and social safeguard standards, case studies to show how trade finance is evolving in the region and globally, as well as recent trends in supply chain finance.​

Program and Learning Materials: 
Date Session / Activity Presentation Material Speaker(s)
26 Jun 2019 Session 1 Basic Anti-Money Laundering (AML) and Trade-based Money Laundering Concepts
In this presentation, Mr. Syquia gives an overview of money laundering, including its stages, cycle, effects, and methods. He also emphasized the concept... 		Jose Luis Syquia
26 Jun 2019 Session 2 AML Briefing – Customer Due Diligence
In this presentation, Mr. Syquia walked participants through the process of customer identification, due diligence, and monitoring and periodic review... 		Jose Luis Syquia
26 Jun 2019 Session 3 Ultimate Beneficial Owners: International Standards and Practices
In this presentation, Mr. Syquia guided participants in defining ultimate beneficial owners and applying the Financial Action Task Force (FATC) standards... 		Jose Luis Syquia
Date Session / Activity Presentation Material Speaker(s)
27 Jun 2019 ADB’s Trade Finance Program ADB’s Trade Finance Program
In this presentation, Mr. Sutken gives an overview of ADB's Trade Finance Program, including the program's components, performance in 2018, and its main... 		Can Sutken
27 Jun 2019 Key Foundations of Trade Finance: Overview, Trends, Implications Trends in Trade Finance
In this presentation, Mr. O'Brien gave an overview of the trade trends from around the world. He also discussed the outlook on global trade finance growth... 		Vincent O'Brien
27 Jun 2019 Key Foundations of Trade Finance: Overview, Trends, Implications Agreeing International Contracts
In this presentation, Mr. O'Brien discussed the role of documents in international trade. He also discussed the International Commercial Terms (INCOTERMS... 		Vincent O'Brien
27 Jun 2019 Key Foundations of Trade Finance: Overview, Trends, Implications Trade Finance Product Workflow
In this presentation, Mr. O'Brien discussed the process involving documentary credits, a payment mechanism in international trade which provides an economic... 		Vincent O'Brien
27 Jun 2019 Trade Business Trade Business
In this presentation, Mr. Packham gave an overview on the benefits of trade finance, and the characteristics that make it low risk. He also shared the... 		Roger Packham
Date Session / Activity Presentation Material Speaker(s)
28 Jun 2019 Environmental and Social Safeguards for Trade Environmental and Social Safeguards for Trade
In this presentation, Mr. Sutken presented the definition of sustainable trade finance, as well as the drivers of change in trade finance and the potential... 		Can Sutken
28 Jun 2019 Identifying Trade Opportunities and using the ADB’s Trade Finance Program Trade Finance Program - Samoa
In this presentation, Ms. Penaia shares the experience of Samoa Commercial Bank under ADB's Trade Finance Program. She also walks participants through... 		Ruth Thomsen Penaia
28 Jun 2019 Identifying Trade Opportunities and using the ADB’s Trade Finance Program Trade Loans: A Less Risky Alternative to Overdrafts
In this presentation, Mr. Packham shares the definition, purpose, and applicability of a trade finance loan. He also underscored the advantages of trade... 		Roger Packham
28 Jun 2019 Correspondent Banking Solutions Correspondent Banking Solutions Utku Arik, Aktifbank Turkey
28 Jun 2019 Digital KYC Solutions Digital KYC Solutions: Everest
In this presentation, Mr. Reid gave an overview and architecture of Everest's digital Know Your Customer platform, and how they process the on-boarding... 		Bob Reid
28 Jun 2019 Trade Finance Products in Action/Case Study Trade Finance Products in Action/Case Study
In this presentation, Mr. O'Brien walked participants through the process of a typical trade facilitation deal, and discussed a case study to get a better... 		Vincent O'Brien
28 Jun 2019 Trade Pooling LC Relay/LC Reissuance /Example Cases Letter of Credit Relay
In this presentation, Mr. Packham and Mr. O'Brien gave an overview and the workflow for a Letter of Credit (LC) relay, and shares the challenges holding... 		Roger Packham, Vincent O'Brien

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