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Certificate in Trade Finance Compliance

This qualification gives you the technical knowledge to succeed in trade finance compliance and the ability to apply expertise in a professional setting.

About the qualification

This qualification gives you the technical knowledge to succeed in trade finance compliance and the ability to apply expertise in a professional setting. It is a valuable benchmark for Trade Finance Operations Staff, Relationship Managers, Bank Audit and Compliance Staff, and Risk Managers.

The wide-ranging scope of this international qualification includes:

  • anti money-laundering
  • countering terrorism financing
  • sanctions and anti boycott provisions
  • weapons of mass destruction
  • bribery and corruption
  • commercial fraud

The CTFC is a Level 4 qualification registered with Ofqual in the Regulated Qualifications Framework.

Key facts
  • Comprehensive study materials are provided online
  • Registration is open all year round
  • Multiple-choice exam assessment is available internationally
  • On completion, you can use the CTFC designation after your name
Unit - Trade Finance Compliance

CTFC consists of one unit. It is recommended that students spend 290 learning hours studying for this qualification.This unit introduces the importance of trade finance compliance by focusing on the international trade environment, on anti-money laundering, the impact and significance of terrorist financing, sanctions, corruption, money laundering and fraud on international trade. In addition the unit explores how to respond to indicators of trade finance compliance and how to reach satisfactory solutions to the problems faced in international trade and finance.

Studying

The core text for the qualification is the excellent new publication Trade Based Financial Crime Compliance by Professor James Byrne of the Institute of International Law & Banking Practice (IIBLP). It has been written specifically to complement CTFC and is supported by an interactive module delivered by Coastline Solutions.

  • Offer a detailed introduction to trade and trade products for professionals unfamiliar with its structure.
  • Identify the best practices for exercising due diligence in trade transactions.
  • Provide comprehensive steps in overcoming the common types of financial crimes that are facing financial institutions today.
  • Explain the indicators bankers need to be aware of in order to take proactive steps in preventing their financial institution from becoming a victim of financial crime or incurring a regulatory fine.

Discuss how financial institutions can identify and prevent the occurrence of money laundering, terrorism financing, bribery, commercial fraud and the proliferation of weapons of mass destruction.

Assessment

CTFC is assessed through a single 2 hour 30-minute objective exam, split into two sections.

Section A

60 multiple choice questions (a total of 60 marks available for section A).

Section B

5 multiple choice questions and 5 multi-response questions (worth 1 mark each); followed by 3 case studies comprising a combination of questions requiring you to evaluate a scenario, including questions requiring you to pair statements from a selection of options, 10 marks will available for each case study (a total of 40 marks available for section B).

You can choose which date to sit your exam at selected centers worldwide, with the result provided on the day.

Find a test center near you
Recertification

Upon completion of CTFC, your CTFC designation will remain valid for three years. To retain the designation, you are required to participate in the recertification programme. Alternatively, you can register for and re-take the exam at the end of the three-year period.

Key Facts:

Complete 36 hours of CPD learning within each three-year cycle

CPD credit can be earned from a variety of different activities provided the content is relevant to International Trade Finance Compliance

Recertification fee: £200

Register
Fees
  • Registration fee – £795
  • Exam resit fee – £395

Only VISA / MasterCard / debit card available. Other options required please email info@baft.org

*Available for group registration discount. Contact info@baft.org 
Select one

*Link will redirect you to LIBF to complete registration & payment