Correspondent Banking Operations

What You Will Learn

• 1 Learn the structure and functions of correspondent banking networks and how they facilitate global payments.
• 2 Understand the roles and responsibilities of correspondent and respondent banks in cross-border transactions.
• 3 Analyze the risks in correspondent banking including AML, sanctions, credit, and operational risks.
• 4 Apply compliance frameworks such as KYC, due diligence, and regulatory reporting in correspondent relationships.
• 5 Explore payment systems like SWIFT, SEPA, and Fedwire and their role in settlement.
• 6 Understand trade finance operations including letters of credit and documentary collections.
• 7 Evaluate credit risk management in interbank lending and overdraft facilities.
• 8 Identify the impact of technology including blockchain and APIs on correspondent banking.
• 9 Recognize key regulations like Basel III, FATF recommendations, and local laws affecting operations.
• 10 Develop strategies for optimizing correspondent networks and managing relationship profitability.