Professional Qualifications

Certificate in Trade Finance Compliance (CTFC) 

CTFC is the new industry certification designed to combat trade finance based crimes across the globe.

Two business people sitting at a computer

About the qualification

This qualification will provide you with the technical knowledge required to succeed within the trade finance compliance landscape and the ability to apply expertise within a professional setting. It is an invaluable 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 & Anti Boycott Provisions
  • Weapons of Mass Destruction
  • Bribery & Corruption
  • Commercial Fraud

The Certificate in Trade Financial Compliance is a Level 4 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).

Key facts

  • Comprehensive study materials are provided online
  • Registration is open all year round
  • Multiple-choice exam assessment available internationally
  • Upon completion, you are able to use the CTFC designation after your name

Read Gabbi Stopp's, Head of Employee Share Ownership at ProShare, study diary on the Diploma for Financial Advisors.

Units

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.

The study materials will:

  • 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.

      

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.

Frequently Asked Questions

If your school is interested in becoming an approved centre to deliver our Financial Capability qualifications, make sure you read our full Centre Arrangements Policy first.

Then complete and return a Centre Agreement form. We will usually process your form within 5 working days of receipt. The named examination officer will be emailed confirming the process is complete.

Find out how to register learners via MyLIBF with the Registration User Guide.

Once you have become an approved centre, you can start registering learners onto the course and for examinations.

To book a multiple choice examination complete and submit the Exam Booking Form, allowing a minimum of three weeks notice.

Students are automatically entered into the Certificate in Financial Studies Level 3 (CeFS) and Diploma in Financial Studies Level 3 (DipFS) examinations if they are eligible. Students who do not sit or fail the first attempt will be automatically entered into the resit.

To apply for reasonable adjustments or access arrangements, your examinations officer must complete the Reasonable Adjustment Request Form at least 6 weeks prior to examinations taking place. 

The following reasonable adjustments can be applied to examinations: supervised rest breaks, scribe or enlarged print, reader, and extra time.

Further information can be found in our Reasonable Adjustments Policy.

Our flexible and secure electronic testing programme has had over 230,000 exams taken on it to date.

  • You can choose exam dates and times that are convenient for you and can decide this at any point during the course of your academic year (qualification-specific deadlines apply).
  • There is no need to securely store papers or return examination scripts to us and there are no registers or paperwork.
  • A bespoke examination experience can be provided to any student requiring adjustments such as extra time, a different background colour, or a different font size.
  • It is completely navigable using either the mouse or keyboard, and is fully compatible with the Windows magnifier tool.
  • Specimen papers are available and you can view question-by-question feedback, helping you to identify any areas of weakness.
  • Examination results are available immediately and will appear on your students' records once they have been uploaded by the Examinations Officer.

If a student has lost or damaged their certificate, you can request a replacement via the Certificate Reissue Form.

Our qualifications can be used against entry to higher education, including awarding the maximum UCAS points available.

UCAS have assigned the Level 3 Certificate in Financial Studies (CeFS) as an equivalent tariff to an AS-level and once completed, the Level 3 Diploma in Financial Studies (DipFS) which is equivalent to an A-level. 

They have both been accredited at Level 3 as vocationally-related qualifications.

The distribution of UCAS points is being amended for students applying to university in 2016 and starting their courses in 2017. Both CeFS and DipFS will still attract the maximum UCAS points available although the numbers are different.

CeFS

 

DipFS

Grade 2016 2017    Grade 2016 2017 
A* 70 28    A* 140 56
60 24   120 48
B 50 20   B 100 40
C 40 16   C 80 32
D 30 12   D 60 24
E 20 8   E 40 16
 

Letters of support have been received from universities such as Canterbury Christ Church UniversityEdge Hill University and the University of Kent.


There are also a number of Higher Education Institutions who have indicated that they will consider CeFS and DipFS alongside other qualifications in terms of UCAS entry requirements.


As entry requirements vary from year-to-year and requirements between courses differ, we are unable to provide a detailed list of universities that accept qualifications from The London Institute of Banking & Finance. Please contact the university directly for confirmation. 


If you would further information please contact our team via this form.

To apply to become an examiner for the Level 2 or Level 3 qualifications, read our  Examiner and Assessment Writer Recruitment Criteria and complete the Application Form for authors and examiners.

Contact

For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.

FAQs
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