Fraudulent Trade Document Detection
Checklist for AML/CFT

Whether you are a part of the customer onboarding team, an AML Compliance Officer, a KYC Analyst, a Transaction Monitoring Analyst, or a Senior Board Member, or simply an AML enthusiast, here is an easily downloadable and no-questions-asked or “forms to be filled” Yes/No style Fraudulent Trade Document Detection Checklist for AML/CFT  + RACI Matrix

This checklist is specifically designed to simplify your and your teams’ responsibilities such as:

• Assessing the effectiveness of control measures surrounding documents, customers, transactions, and counterparties to identify or detect any red flags indicating TBML and document fraud
• Identifying whether the regulatory reporting and AML training components are designed well enough to mitigate TBML risks
• Identifying process efficiency for red-flag detection around Fraudulent Trade Documents or false trade invoices, which might be indicators of underlying ML, FT, or PF activities
• Designing workflow, role clarity, task allocation, and task escalation for managing cases with Fraudulent Trade Documents
• Ensuring timely filing of SAR/STRs with UAE FIU through goAML portal when red flags are detected

Download this Fraudulent Trade Document Detection Checklist, whether you are in Jebel Ali Free Zone, ADGM, DIFC, or DMCC to align your firm with real-world fraud detection red-flags and assess your business’s preparedness to mitigate fraudulent trade document risk to combat TBML risks.