Course Description
Trade-based money laundering through mineral and commodity commerce is estimated to move USD 15–20 billion annually, and it is among the hardest financial crime vectors to detect — because it hides inside legitimate-looking trade documents, real cargoes and genuine counterparties.
Almost all TBML training is written for banks. This course is written for the commodity producer and trader. Participants learn TBML typologies as they appear in mineral, metal and energy trade, the red flags in documentation and pricing, how criminal networks exploit supply chain velocity and multi-jurisdiction routing, and how a producer or trader builds controls that detect abuse of its own trade flows — rather than waiting for a bank to detect it for them.
What you will achieve
By the end of this training course, participants will be able to:
- Explain trade-based money laundering and why commodities are exposed
- Recognise TBML typologies in mineral, metal and energy trade
- Identify red flags in trade documentation
- Detect over- and under-invoicing and pricing manipulation
- Understand phantom shipping and multi-invoicing schemes
- Explain how criminal networks exploit supply chains and jurisdictions
- Apply controls and monitoring to commodity trade flows
- Escalate, report and respond to suspected TBML
How the course is delivered
The course works through TBML typologies using realistic commodity trade documentation and case scenarios. Participants examine trade documents, pricing structures and shipping arrangements to identify red flags.
The programme is written from the perspective of the producer and trader — not the bank — and reflects FATF typologies as they apply to extractive industries.
Designed for
This training course is ideal for:
- Compliance professionals in mining, metals and energy companies
- Commodity trading and marketing staff
- Finance, treasury and trade finance personnel
- Internal audit and risk professionals
- Legal and company secretarial staff in extractive industries
Daily programme
- What trade-based money laundering is
- Why commodities are structurally exposed
- The FATF framework and typologies
- The scale: minerals, metals and energy
- Over- and under-invoicing
- Multi-invoicing and phantom shipping
- Misdescription of goods and quality fraud
- Pricing manipulation and transfer mispricing
- Trade documentation and where abuse hides
- Letters of credit and open account trade
- Supply chain velocity and jurisdiction routing
- Detection in practice: document review workshop
- Building TBML controls in a trading business
- Monitoring trade flows
- Escalation and reporting
- Case study workshop and review
Certification & accreditation
BII Certificate of Completion
BII Certificate of Completion Upon successful completion, participants receive a BII Development Institute Certificate of Completion with a unique reference code that is independently verifiable. Our certificates are recognised internationally and reflect successful completion of your chosen programme.
