Colleagues talking and typing on laptops, ensuring finance compliance in all their tasks.
LIBF Part of Walbrook Institute London
Trade and transaction banking

Certificate in Trade Finance Compliance (CTFC)

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This qualification is being withdrawn and the last date to register is 31 August 2024. The last examination will be held on 30 August 2025.

This qualification is now closed for new registrations with LIBF. The CTFC Programme is now managed and administered by the Association of Trade Finance Compliance Professionals (ATFCP) (link to https://atfcp.com/) . The ATFCP is the professional membership association for trade finance compliance professionals worldwide.

For existing student enquiries, please contact our customer services team on +44 (0)1227 818609 or email customerservices@libf.ac.uk.

Certificate in Trade Finance Compliance (CTFC)

This qualification gives you the technical knowledge to succeed in trade finance compliance. 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.

While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

CTFC has been developed in partnership with the Institute of International Banking Law & Practice and Coastline Solutions.

The qualification is supported by Bankers Association for Finance and Trade (BAFT).

Key information

Fees

  • £895 for the full qualification

Study duration

  • You'll have 12 months from registration to complete the qualification.

  • Everything is online, so you can study at a pace that suits you.

Units

  • One unit

Your studies will cover

  • The features and processes of trade finance compliance

  • The types, parties to and definitions of trade finance compliance

  • What the main risks and challenges of trade finance non-compliance are

  • The legal, regulatory and compliance framework

Your qualification at a glance

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    Assessments

    You can take exams at a test centre or at home with remote invigilation.

    Your first exam is included in the registration fee for each module.

    You'll receive a digital certificate once you have passed.

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    Regulation

    Registered with Ofqual in the Regulated Qualifications Framework (RQF)

Unit information

What study materials do I get?

As part of the registration fee you'll get access to:

  • a student-led discussion forum

  • unit syllabus

  • student handbook

  • specimen paper

  • study planner

  • a hard copy of the study text can be purchased separately from the Institute of International Banking & Law Practice

  • online access to our student portal MyLIBF

  • online access to our virtual library KnowledgeBank.


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

Assessments

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

  • Five multiple choice questions (1 mark each)

  • Five multiple response questions (1 mark each)

  • Three case studies comprising of a combination of questions, including questions requiring you to pair/match statements to a set of response. (10 marks per case study)

  • A total of 40 marks available for Section B

Your first exam is included in the registration fee. If you need to retake an exam a resit fee will be payable.

You can choose when to take your exam and pick from test centres nationwide or through remote invigilation.

Exam and assessment information

Fees

Registration is open all year round.

You can register by clicking 'register now' button below or by calling our Customer Services team on +44 (0)1227 818609.

  • Full qualification

    £895

    price includes study materials and exam entry

Corporate bookings
If you are a company and want to register a cohort of students onto CTFC please email trade@libf.ac.uk for further information.

Request more information

International students registration

Students from Bangladesh, China, Indonesia and South Korea should contact a relevant country contact to register for CTFC.

CTFC Registry

The international CTFC Registry contains the names of individuals that hold the CTFC designation.

It may take up to 30 days for an individual’s details to appear after receiving their results. If an individual has not passed, their details will not be in the registry. If they don’t successfully recertify after three years, their names are removed from the registry.

If you have any queries, please email customerservices@libf.ac.uk or call +01227 913218.

Search CTFC Registry

Questions about our professional qualifications?

If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.

Our professional qualification customer services office is open:
Monday to Friday from 8.30am to 5.30pm UK time.

Student adviser ready to help you through any queries