Understanding Risks and Fraud in International Trade

Course Information

2 Days Course

Time: 9am – 5pm

Contact: bes@dnb.com.sg 

Course Introduction

Trade Finance is critical to the international economy, as no country is able to produce all its needs. There are many parties involved in International Trade. These parties include customs and other government authorities, financial institutions, insurers, export services providers and international carriers (air & sea) as well as your customer and you.

The objective of this course is to enable participants to understand the types of risks and fraud they may face in relation to international trade, their involvement and the possible mitigations of such risks and frauds. The course also aims to provide a brief insight into the recent developments on trade.

This 2-days programme discussing on the four main aspects of international trade payments, the risks involved and potential fraud in the various payments, how payments are done and an introduction on the latest international trade terms.

Learning Outcome

The learning objectives of the programme are to enable participants to:

  • Develop a practical understanding of Trade Finance Risks and Fraud
  • Ability to detect and mitigate risks associated with Trade Finance
  • Identify specific and oft-overlooked risks in Trade Finance
  • Understand the Pitfalls in International Trade

Who Should Attend

  • Trade Finance professionals
  • Risk and Compliance Professionals
  • Relationship managers and staff (operations) in Trade department in the banking industry
  • Exporters, Importers, Sales and Purchasing Managers
  • Accountant and Auditors
  • Freight Forwarders
  • Lawyers
  • Insurance Specialists
  • Anyone involved in International Trade or Purchasing

Course Outlines

Topic 1: Introduction and Overview of International Trade
Topic 2: Definition of Customer
  • Who is the customer? (KYC, KYCC)
  • Know your contract
Topic 3: Law and Disputes in an International Sales Contract
Topic 4: Trade Financing Cycle
Topic 5: Importance of International Trade
Topic 6: What is E-commerce?
Topic 7: International Trade – Concerns of Buyer and Seller
Topic 8: Pitfalls in International Trade
Topic 9: Trade Payment Modes and Pitfalls
Topic 10: Incoterms®
Topic 11: Documents
Topic 12: Fraud in Trade Finance

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