Trade-Based Money Laundering

There are three main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising origins of proceeds of crime and integrating it into the formal economy. First is through the use of the financial system; second involves the physical movement of money (e.g. through the use of cash couriers); and third involves the physical movement of goods through the trade system. FATF, has focused considerable attention on the rst two methods, while the scope for abuse of the international trade system has received relatively little attention. The international trade system is subject to a wide range of risks and vulnerabilities that can be exploited by criminal organisations and terrorist financiers. In part, these arise from the enormous volume of trade flows, which tend to obscure individual transactions; the complexities associated with the use of multiple foreign exchange transactions and diverse trade financing arrangements; the commingling of legitimate and illicit funds; and the limited resources that most customs agencies have available to detect suspicious trade transactions.

Basic Financial Statements Analysis

Financial statement analysis is a useful tool for gauging the health and credit worthiness of a business. Managers must therefore, acquire this skill to enable them make sound financial decisions. The course is designed to enhance the skill of analysts and others in making investment decisions.

Compliance Risk Management

Many financial institutions are increasingly being sanctioned heavily, due to default of regulatory rules and guidelines. If measures are not taken to mitigate such sanctions, these could have enormous effects on these institutions’ financial stability as going concerns. The essence of the course is as such, to educate the participants on how to mitigate such risk by adhering to both regulatory and other enforcement bodies' directives, in order to pay attention to driving the organization's goals.

Basel II & III with Risk Management for Professionals

Increasing global integration of financial activities, emergence of new financial products and increased level of competition have necessitated the existence of effective and structured risk management in financial institutions. Therefore, an organisation’s ability to measure and comprehensively manage risks is becoming a decisive parameter for its strategic positioning and sustainability. In dealing with this critical issue of risk management in all its dimensions, FITC has designed a workshop for all stakeholders in the financial services sector. The workshop provides a unique opportunity for all stakeholders to discuss and chart the way forward on this important subject, within the context of Basel II and III provisions.

Real Estate Financing

Real estate assets are distinctive, expensive, complex, irregularly traded, and often rely on capital from third party investors for its financing. The major issue in real estate development and investment is financing. The capital intensive nature of real estate development and investment, demand adequate knowledge of the business environment and the risks associated with it, before committing to invest. This course is designed to emphasise both the theoretical and analytical aspects of real estate financing.

Basic Train-The-Trainers

Building skills and improving knowledge of employees helps companies stay competitive whilst impacting the bottom line positively. However, more often than not, the benefits and return on investment (ROI) of the training may not be immediately apparent. In order to maximize the value obtained from empowering employees in this manner, companies need to constantly upgrade the knowledge and skills of their senior staff and subject matter expert, to facilitate the impartation of knowledge and technical skills, based on their experience and expertise; to younger employees. Hence, the need for a Train-the Trainers Programme.

Best Practice in Audit Reporting

Effective reporting is an essential aspect of the auditing process. It is a major factor by which the reputation of internal audit department is established. An audit report is a formal document used by internal auditors to record findings regarding a particular audit being carried out within an organisation. Apart from disclosing the Fndings about the auditee, it also helps users to evaluate the performance of the auditors themselves. More often than not, the report becomes a statement of the auditor's credibility when they are circulated, referred to and implemented. For an audit exercise to full its purpose, the report emanating from the process must be written using a format that is easily understandable and actionable. Such report must set the right tone for diverse readers and address the needs of multiple audiences. Therefore, organizations must continually upscale the skill sets and competencies of its audit and other related functional staff in writing good audit reports that can facilitate effective decision making within their organization.

Effective Budgeting and Cost Control

The business environment is dynamic and business plans, more often than not, tend to deviate when budgets are compared with actuals outcomes. The inherent uncertainties and complexities in business have led to the development of various managerial tools, techniques and procedures to facilitate successful management of business. Amongst these, budgeting is the most common and widely used standard device for effective planning and control. The course is designed to enhance the skill of analysts and others in making investment decisions.

Problem Loans: Warning Signals, Assessment and Recovery

This course has been designed with credit officers in mind. It emphasizes the need for credit officers in financial institutions, especially banks, to have a sound grasp of the basic principles of credit assessment, monitoring and control. The essence is to minimize cases of loans going bad to a very large extent, within the Financial Services Sector and for credit and loan monitoring officers, to be able to easily detect loans that could become problematic from the very onset.