Course Description
Standard KYC breaks down in commodity trading. Ownership runs through multiple jurisdictions and layered vehicles, traders and intermediaries appear and disappear, offshore structures are routine and often legitimate, and the beneficial owner may be genuinely difficult to establish. Banks routinely fail here — and increasingly push the burden onto the producers and traders themselves.
This course develops practical counterparty due diligence capability for commodity businesses. Participants learn risk-based due diligence design, beneficial ownership identification through complex structures, the assessment of traders, intermediaries and offshore vehicles, source of funds and wealth, PEP and adverse media screening, and ongoing monitoring — building diligence that satisfies both internal risk and banking counterparties.
What you will achieve
By the end of this training course, participants will be able to:
- Design risk-based counterparty due diligence
- Identify beneficial ownership through complex structures
- Assess traders, intermediaries and offshore vehicles
- Understand source of funds and source of wealth
- Conduct PEP and adverse media screening
- Apply enhanced due diligence to high-risk counterparties
- Document and evidence due diligence decisions
- Maintain ongoing monitoring and review
How the course is delivered
The course combines due diligence methodology with practical ownership-unwinding exercises on realistic layered corporate structures. Participants work through beneficial ownership, screening and escalation scenarios.
The programme reflects the reality that offshore and layered structures are common and often legitimate, requiring judgement rather than blanket rules.
Designed for
This training course is ideal for:
- Compliance professionals in commodity businesses
- Trading, marketing and origination staff
- Finance and credit risk professionals
- Legal and contracting staff
- Anyone onboarding commodity counterparties
Daily programme
- Why KYC breaks down in commodity trading
- Risk-based due diligence design
- Counterparty types and their risk profiles
- Regulatory expectations
- Beneficial ownership identification
- Unwinding layered and offshore structures
- Source of funds and source of wealth
- PEP and adverse media screening
- Enhanced due diligence
- Documenting and evidencing decisions
- Ongoing monitoring and review triggers
- 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.
