Law and Best Practices in International Banking and Commercial Payments

This McTimothy Training ‘Law and Practice in International Banking and Commercial Payments’ training course, available in Kenya, Ghana, Liberia, and Dubai, is a comprehensive program that equips participants with the necessary knowledge and skills to navigate the complexities of international banking and commercial payments. This online training course is designed to provide a deep understanding of the legal and regulatory frameworks governing international banking and payment systems, as well as practical insights into the commercial and financial considerations that underpin these systems.

Through interactive sessions and real-life case studies, participants will gain a solid grounding in the fundamentals of international banking and payments, enabling them to make informed decisions and mitigate risks in this dynamic and ever-changing field.

This Law and Practice in International Banking and Commercial Payments online training course will highlight:

• In-depth understanding of the legal and regulatory frameworks governing international banking and payment systems, including the role of central banks, correspondent banking, and cross-border payment regulations.
• Practical insights into the commercial and financial considerations that underpin international banking and commercial payments, including trade finance, supply chain financing, and cash management.
• Interactive sessions and real-life case studies that provide hands-on experience in navigating complex international banking and payment transactions.
• Comprehensive coverage of emerging trends and technologies in the international banking and payment landscape, including blockchain, digital currencies, and fintech innovations.
• Expert opinions from leading practitioners and industry professionals with extensive experience in international banking and commercial payments via published papers/news/blogs and videos

Course Objectives

At the end of this Law and Practice in International Banking and Commercial Payments online training course, you will learn to:

• Understand the legal and regulatory frameworks that govern international banking and payment systems.
• Analyze the commercial and financial considerations that strengthen international banking and commercial payment transactions.
• Apply best practices for managing risks associated with international banking and payment transactions, including compliance, regulatory, and operational risks.
• Evaluate emerging trends and technologies in the international banking and payment landscape.
• Develop strategies for building and maintaining effective relationships with clients, partners, and stakeholders in the international banking and payment ecosystem.

Training Methodology

This training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is also available online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Organizational and Personal Impact

The impact of this Law and Practice in International Banking and Commercial Payments training course on the organization can be summarized as follows:

• Deep understanding of international banking and payment systems benefit the organization by improving the quality of its banking and payment transactions and reducing associated risks.
• This training course can help organizations to streamline their banking and payment processes, resulting in increased efficiency and cost savings.
• Maintain effective relationships with clients, partners, and stakeholders. This can result in improved client satisfaction, better business outcomes, and increased revenue.
• Organizations can ensure compliance with relevant regulations and avoid costly penalties.
• Organizations can stay ahead of the curve and improve their competitiveness in the marketplace.
• Enhanced knowledge and skills in International Banking and Commercial Payments can directly benefit their personal development and career growth by improving their proficiency in these areas.
• With a better understanding of international banking and payment systems and best practices, participants can become more marketable in their careers, and potentially pursue better opportunities or promotions.
• By gaining a deeper understanding of international banking and payment systems participants can increase their confidence in their abilities, which can help them take on new challenges.
• The training course provides opportunities to interact with industry peers, creating a network of contacts through group discussions and interactive sessions.

Who Should Attend?

This training course is suitable to a wide range of professionals but will greatly benefit:

• Executives and C-level Employees of Banks
• VPs and Head of Departments
• Regulatory Authorities Directors
• Chief or Deputy Payment Officers
• Compliance and Innovation Teams
• Central Banks Executives

Course Outlines

Introduction to International Banking and Commercial Payments

• Overview of International Banking and Commercial Payments
• International Payment Systems (SWIFT, CHIPS, Fedwire, TARGET2)
• Letters of Credit (L/Cs) and Standby L/Cs
• Bank Guarantees and Counter-Guarantees
• International Trade Financing (Trade Finance and Supply Chain Finance)

Legal and Regulatory Framework for International Banking and Payments

• Legal and Regulatory Framework for International Banking and Payments
• International Banking Regulations (Basel III, FATCA, Dodd-Frank Act, etc.)
• Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF)
• Sanctions and Embargoes
• Compliance Management and Governance

International Payment Systems and Emerging Payment Technologies

• International Documentary Collections
• International Remittances
• Payment Cards and Mobile Payments
• E-commerce Payments
• Cross-Border Payments and Settlements

Operational Risks and Fraud Prevention in International Banking and Payments

• Operational Risks in International Banking and Payments
• Fraud Prevention and Detection
• Information Security and Cybersecurity
• Business Continuity Management
• Disaster Recovery and Crisis Management

Future Trends and Innovations in International Banking and Payments 

• Emerging Trends and Technologies in International Banking and Payments
• Blockchain and Distributed Ledger Technology (DLT)
• Artificial Intelligence (AI) and Machine Learning (ML)
• Regtech and Fintech Innovations
• Future of International Banking and Payments