For any organisation that needs to conduct international payments, it is essential to have a thorough understanding of international banking laws. These set the standard for how international payments should be made, protecting involved parties from fraud and terrorism financing.
International banking laws and regulations are vital for managing the way payments are made. An individual or organisation should be competent in the range of regulations to ensure their services are fully compliant with them. These laws also allow for sanctions and embargoes to be implemented if an organisation is believed to be abusing banking systems.
To stay aligned within banking laws, an organisation should also be highly competent and familiar with the types of payment systems commonly used to guarantee effective use. While there are legislative protections against fraud and related crimes, an organisation should maintain their own risk management and fraud prevention and detection methods to fully secure payments for themselves and customers or associates.
This course is designed for anyone responsible for managing finance, particularly on an international level, within an organisation. It would be most beneficial for:
This course uses a variety of adult learning styles to aid full understanding and comprehension. Participants will engage in various case studies to highlight key areas surrounding international banking laws and how they are navigated in practice.
They will be provided with all the necessary tools to carry out the given learning exercises. Combined with group discussions, presentations and practical exercises, participants will have ample opportunities to develop a full in-depth understanding of the taught content. They will also be able to evaluate their own particular roles and assess how international banking laws may influence their working practices.