Course Detail(RM097 : Trade Finance Fraud: Understanding Threats And Reducing Risks)

RM097 : Trade Finance Fraud: Understanding Threats And Reducing Risks

14.00 CPE Hours (Others)
Classroom

Programme Objective

To identify and address the threats, problems and fraud in trade. Participants will learn from case-studies how to mitigate risks in frauds in relation to trade.

Programme Outline

  • Introduction

  • Fraudsters in trade  

    • How a determined fraudster will get a victim
    • Low Value, High Volume Serial Fraudster
  • Variations of Fraud against the

    • Buyers
    • Sellers
    • Banks
    • Third Party – e.g. Insurance Company Shipping company etc
  • Integrity of Documents in Trade 

    • Bills of Lading
    • How secure is the bill of lading?
    • Pre-dated Bills of Lading
    • Switched Bills of Lading
    • Owners’ and Charterers’ Bills of lading
    • Containerization 
    • Warehouse receipts (Godown warrants)
    • Local delivery orders
    • Letters of Indemnity
  • Fraud in Payment System

    • Traders as financiers
    • Is an L/C a blank cheque
    • Standby L/C – case of fraudulent standby seller
  • Electronic Documentation

    • Digital Trading – vulnerabilities
    • Shipping documents in electronic form
    • Electronic bills of lading
  • Fraud exception in English Law and US Law

  • Minimizing Frauds

Training Methodology

LECTURE, CASE STUDIES AND Q & A

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

23 Oct 2017 (9:00 AM - 5:00 PM)
24 Oct 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Olivia Chan

Date & Time

17 Oct 2016 (9:00 AM - 5:00 PM)
18 Oct 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Olivia Chan
Olivia Chan

Date & Time

20 Jun 2016 (9:00 AM - 5:00 PM)
21 Jun 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Olivia Chan
Olivia Chan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Olivia Chan

Fellow of the Chartered Institute of Bankers (UK) and a MBA graduate in Finance from University of Leeds. She joined NatWest Bank in 1977 and was with this Bank for about 20 years and her last position was Manager of its Trade Finance Unit. She was also a Certified Documentary Credit Specialist, a qualification jointly issued by the Chartered Institute of Bankers (UK) and the International Financial Services Association (USA) and endorsed by the International Chamber of Commerce based in Paris, France.

Olivia also served as a Treasury Manager with a Singapore based top research and development organisation from 1997 to 2002. 

She is a well-recognized trainer not only in Singapore but also in China and Indonesia, specialising in Banking and International Trade Services. She has extensively lectured and conducted workshops and seminars for 25 years for Singapore organisations such as the Institute of Banking and Finance (Singapore), Export Institute of Singapore, National University of Singapore Continuing Education Department, Singapore Shipping Association, Singapore Chinese Chamber Institute of Business, Dun and Bradstreet, Institute of Internal Auditors Singapore and Takx Solutions Pte Ltd.

Since 2008 She has taught with various institutions including Cardiff Metropolitan University, University of Southern Queensland, University of Greenwich MBA Program, University of Western Australia Business School and Edith Cowan University.

Programme Objective

To identify and address the threats, problems and fraud in trade. Participants will learn from case-studies how to mitigate risks in frauds in relation to trade.

Programme Outline

  • Introduction

  • Fraudsters in trade  

    • How a determined fraudster will get a victim
    • Low Value, High Volume Serial Fraudster
  • Variations of Fraud against the

    • Buyers
    • Sellers
    • Banks
    • Third Party – e.g. Insurance Company Shipping company etc
  • Integrity of Documents in Trade 

    • Bills of Lading
    • How secure is the bill of lading?
    • Pre-dated Bills of Lading
    • Switched Bills of Lading
    • Owners’ and Charterers’ Bills of lading
    • Containerization 
    • Warehouse receipts (Godown warrants)
    • Local delivery orders
    • Letters of Indemnity
  • Fraud in Payment System

    • Traders as financiers
    • Is an L/C a blank cheque
    • Standby L/C – case of fraudulent standby seller
  • Electronic Documentation

    • Digital Trading – vulnerabilities
    • Shipping documents in electronic form
    • Electronic bills of lading
  • Fraud exception in English Law and US Law

  • Minimizing Frauds

Training Methodology

LECTURE, CASE STUDIES AND Q & A

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Olivia Chan

Fellow of the Chartered Institute of Bankers (UK) and a MBA graduate in Finance from University of Leeds. She joined NatWest Bank in 1977 and was with this Bank for about 20 years and her last position was Manager of its Trade Finance Unit. She was also a Certified Documentary Credit Specialist, a qualification jointly issued by the Chartered Institute of Bankers (UK) and the International Financial Services Association (USA) and endorsed by the International Chamber of Commerce based in Paris, France.

Olivia also served as a Treasury Manager with a Singapore based top research and development organisation from 1997 to 2002. 

She is a well-recognized trainer not only in Singapore but also in China and Indonesia, specialising in Banking and International Trade Services. She has extensively lectured and conducted workshops and seminars for 25 years for Singapore organisations such as the Institute of Banking and Finance (Singapore), Export Institute of Singapore, National University of Singapore Continuing Education Department, Singapore Shipping Association, Singapore Chinese Chamber Institute of Business, Dun and Bradstreet, Institute of Internal Auditors Singapore and Takx Solutions Pte Ltd.

Since 2008 She has taught with various institutions including Cardiff Metropolitan University, University of Southern Queensland, University of Greenwich MBA Program, University of Western Australia Business School and Edith Cowan University.


Upcoming Schedule

Registration is closed

Date & Time

23 Oct 2017 (9:00 AM - 5:00 PM)
24 Oct 2017 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 620.60
For Non-Members: $ 736.16

Programme Facilitator(s)

Olivia Chan

Venue

60 Cecil Street
ISCA House
Singapore 049709