The course is designed to enable participants to understand the various types of risks, fraud, and ethical challenges in international trade.
On the completion of this course, you will be able to:
- Identify the different types of risks of International Trade & Risks
- Recognise the sequence of events in a typical International Trade transaction
- Understand the risks in International Payments
- Identify the documents and steps involved in typical International Trade transaction
- Analyse and Evaluate Key Ethical Challenges concerning International Trade
Programme Outline
Overview of International Trade/Introduction
- Typical process Flow in International Trade Transactions
- Fundamental Concept of International Trade
- Characteristics of International Trade
- Typical process flow in International Trade Transactions
- International Trade Flow, Timeline and Structure
- Buyer’s and Seller’s concern
Risks in International Trade
- Difficulties Associated with International Trade
- Understanding Risks in International Trade
- Risks Associated with International Trade
- Assess Country Risks
- Assess Customer Risks – Risks to Buyer and Risks to Seller
- General Risks
Risks Associated with International Payment Methods
- Cash in Advance – Advance Payment; Prepayment
- Documentary Collection Risks
- Documentary Credit Risks
- Open Account Risks
Understanding Fraud Risks in International Trade
- What is Fraud?
- Motivations for Fraud
- Common Types of International Trade Fraud
- Types of Fraud Risks in International Trade
- External Fraud
- International Fraud
- Who are impacted?
- Concern of Buyers and Sellers on Risks and Fraud
How to Prevent and Avoid International Trade Fraud?
- The Psychology of Fraud and What makes Victim Susceptible
- How to recognize and Avoid The Most Common Scams
- Solutions and Measures to Reduce Risks of International Trade Fraud
- Due Diligence – information on all Relevant Parties involved
- Sanction Control & Potential Red Flags
- Trade-Based Money Laundering
- Case Study - Case discussion
How Not to Fall Foul with Government Rules and Regulations
- MAS Notices and Guidelines
- Corruption, Drug Trafficking and Other Serious Crime (Confiscation of Benefits) Act – [“CDSA”]
- Payment Services Act [PSA]
- AML/CFT Industry Partnership [ACIP]
- What happen if these Laws and Regulations are violated?
Key Ethical Challenges in International Trade
- Transparency and Disclosures
- Fair Practices
- Anti-Corruption Measures
- Anti-Money Laundering
- Sanction Compliance
- Environmental and Social Responsibility
Training Methodology
This course is facilitated through various learning techniques that include discussions, presentations, case studies, personal reflections and sharing.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
The course is designed for accountants, auditors, financial analysts, business owners, trade professionals, legal professionals, supply chain managers, and logistics professionals who want to expand their knowledge and skills in international business, international trade risks, regulations, and best practices.
Schedule & Fees
Testimonial
Funding
1] NTUC Union Training Assistance Programme (UTAP)
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025.
*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.
This course is approved for UTAP support for intakes conducted between 05 December 2024 – 31 March 2025.
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
- Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
- Course by training provider must be supported under UTAP and training must commence within the supported period and;
- Unfunded course fee must not be fully sponsored by company or other types of funding
- Unfunded course fee must be S$20.00 and above, and;
- Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
- UTAP application must be made within 6 months after course ends.
For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.
Programme Facilitator(s)
The course is designed to enable participants to understand the various types of risks, fraud, and ethical challenges in international trade.
On the completion of this course, you will be able to:
- Identify the different types of risks of International Trade & Risks
- Recognise the sequence of events in a typical International Trade transaction
- Understand the risks in International Payments
- Identify the documents and steps involved in typical International Trade transaction
- Analyse and Evaluate Key Ethical Challenges concerning International Trade
Programme Outline
Overview of International Trade/Introduction
- Typical process Flow in International Trade Transactions
- Fundamental Concept of International Trade
- Characteristics of International Trade
- Typical process flow in International Trade Transactions
- International Trade Flow, Timeline and Structure
- Buyer’s and Seller’s concern
Risks in International Trade
- Difficulties Associated with International Trade
- Understanding Risks in International Trade
- Risks Associated with International Trade
- Assess Country Risks
- Assess Customer Risks – Risks to Buyer and Risks to Seller
- General Risks
Risks Associated with International Payment Methods
- Cash in Advance – Advance Payment; Prepayment
- Documentary Collection Risks
- Documentary Credit Risks
- Open Account Risks
Understanding Fraud Risks in International Trade
- What is Fraud?
- Motivations for Fraud
- Common Types of International Trade Fraud
- Types of Fraud Risks in International Trade
- External Fraud
- International Fraud
- Who are impacted?
- Concern of Buyers and Sellers on Risks and Fraud
How to Prevent and Avoid International Trade Fraud?
- The Psychology of Fraud and What makes Victim Susceptible
- How to recognize and Avoid The Most Common Scams
- Solutions and Measures to Reduce Risks of International Trade Fraud
- Due Diligence – information on all Relevant Parties involved
- Sanction Control & Potential Red Flags
- Trade-Based Money Laundering
- Case Study - Case discussion
How Not to Fall Foul with Government Rules and Regulations
- MAS Notices and Guidelines
- Corruption, Drug Trafficking and Other Serious Crime (Confiscation of Benefits) Act – [“CDSA”]
- Payment Services Act [PSA]
- AML/CFT Industry Partnership [ACIP]
- What happen if these Laws and Regulations are violated?
Key Ethical Challenges in International Trade
- Transparency and Disclosures
- Fair Practices
- Anti-Corruption Measures
- Anti-Money Laundering
- Sanction Compliance
- Environmental and Social Responsibility
Training Methodology
This course is facilitated through various learning techniques that include discussions, presentations, case studies, personal reflections and sharing.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
The course is designed for accountants, auditors, financial analysts, business owners, trade professionals, legal professionals, supply chain managers, and logistics professionals who want to expand their knowledge and skills in international business, international trade risks, regulations, and best practices.
Programme Facilitator(s)
