Given the complexities and variants of international trade transactions, financial institutions and their corporate clients can face a variety of trade-based money laundering risks throughout their operations. Breaches in anti money laundering compliance can cost millions, if not billions. A recent review by the UK regulator, the FCA, revealed that many firms were not taking adequate measures to mitigate the risk of money laundering and terrorist financing in their trade finance business.

The ICA Specialist Certificate in Trade Based Money Laundering is designed to address key Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) concepts, and the practical issues encountered within the international trade environment.

Who is the course suitable for?

The course is suitable for anyone who has a professional or personal interest in broadening their knowledge by studying the money laundering and terrorist financing risks inherent in the international trade environment. This will include:

  • Senior practitioners who are keen to enhance their existing expertise by learning about another distinct sphere
  • Senior managers within the international trade environment who wish to certify their knowledge
  • Operational staff, working specifically within the international trade environment, who need to understand the inherent risks they face
  • Regulators or Consultants working within the international trade space
  • MLROs, Compliance Managers, Risk Managers, CDD Managers
  • Anyone with an interest in the subject matter


What will you learn?

When you undertake the course, in addition to the essential concepts of AML and CTF, you will cover the following areas:

  • The fundamentals of trade based money laundering
  • Risk management
  • Variable physical goods
  • Variable pricing of goods
  • Black market peso exchange
  • Terrorist resourcing
  • Proliferation finance
  • Correspondent banking
  • Country sanctions
  • Risk controls


Entry requirements

The qualification is specifically designed to be detailed yet accessible. Prior subject matter knowledge will be useful, but is not essential.

The AML focussed Specialist Certificate series from ICA all commence with a brief introductory unit, designed to introduce AML key concepts to those students who are less familiar with the broader context. From there, the more in-depth issues are examined.

However, to get the most from the course, a good basic standard of English (particularly reading) is required.

How and where can you study?

The course is fully online so can be studied at any time, wherever you are in the world.

How will you be assessed?

At the end of the online course you will take a one hour multiple choice exam of 15 short-form questions. The pass mark is 70%.

You are not permitted to access any material (off or online) throughout the duration of the exam so although you will not be supervised, you will be required to confirm your understanding of and agreement to this prior to taking the exam.

Does this count towards ICA CPD?

Specialist Certificate courses count as 15 hours of ICA CPD credit.

Can this course be taught in-house?

If you have a training requirement for more than ten employees, why not contact us to discuss delivering the training in-house at your firm? It’s the ideal way to maximise your budget, minimise disruption and tailor content to your specific needs. In-house training from ICT is available all over the world. They’ve worked with hundreds of clients and can do the same for you. Call the dedicated in-house training team on +44(0) 121 362 7678 to discuss your training needs.

What does it cost?

In order to study any ICA qualification you need to be a member of the ICA, joining an international professional community of thousands of like-minded individuals.  The fee for ICA Affiliate Membership is £30 payable to ICA* and includes your assessment and access to invaluable knowledge resources that will help with your course as well as many other member benefits and services (view the list of membership services and benefits that you’ll receive here ). Become an Affiliate Member

The course fee is £595 + VAT payable to ICT (ICA’s training provider).

Enrol online now

*unless you are a member of the ICA already.
These fees include a printable certificate once you have completed the course.