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Trade-Based Money-Laundering 

Secure your trade operations with sophisticated monitoring tools designed to detect and alert on potential money laundering activities.  

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Detect Trade Fraud with Precision Using Our Advanced TBML Module

Overview

The TBML module automates Compliance and Anti-Money Laundering (AML) checks to ensure adherence to regulatory standards and mitigate financial crime risks in trade transactions. The system performs various checks, categorized into Standard Due Diligence (SDD) and Enhanced Due Diligence (EDD), based on the risk classification of entities involved.

Features and Functionality

The module addresses sanctions violation and circumvention risks by cross-checking documents against sanction lists, high-risk jurisdictions, and shell companies. It enables manual investigation of entities and vessels, maintains an audit trail for regulatory compliance, and provides an escalation flow for further approval when needed. These features help mitigate risks related to sanctions, shell companies, and incomplete trade information.

  • Cross-Checking with Lists: Compares documents against sanction lists, high-risk countries, and shell companies to identify risks.
  • High-Risk Jurisdictions & Vessel Routes: Includes shipment or payment to sanctioned countries or suspicious vessel routes.
  • Obfuscation & Incomplete Information: Deliberate hiding of prohibited goods or entities linked to sanctions or terrorism.
  • Manual Investigation & Audit Trail: Supports manual investigations and records actions for audit and compliance.
  • Escalation Flow: Allows transaction escalation for further evaluation and approval.

Benefits

The module boosts operational efficiency by automating repetitive tasks and ensuring thorough cross-checking against multiple sanction lists and databases. It enhances accuracy and compliance with regulatory standards, while maintaining transparency through audit trails. The system effectively mitigates risk by identifying and flagging high-risk transactions, reducing the likelihood of financial crime.

  • Efficiency: Automates tasks, saving time and reducing errors.
  • Accuracy & Compliance: Thorough cross-checking ensures accuracy and compliance with major regulatory standards (e.g., FCA, HKMA, MAS, FATF).
  • Transparency & Risk Mitigation: Clear audit trails support regulatory scrutiny, while high-risk transactions are flagged to prevent financial crime.

Summary

TRADE AI's comprehensive approach to compliance and AML checks ensures that financial institutions can effectively manage risks associated with international trade and trade finance.

OverviewFeatures and FunctionalityBenefitsSummary

How does it work ? 

Data Collection

This step involves gathering all relevant data required for TBML analysis.

  • Document Scanning: Uses OCR to scan and extract data from trade documents.
  • Data Extraction: Captures key information such as transaction details, parties involved, and goods descriptions.
  • Data Validation: Ensures the accuracy and completeness of the collected data.

Data Analysis

In this step, the collected data is analyzed to identify potential TBML activities.

  • Consistency Checking: Verifies the consistency of data across different documents.
  • Screening: Checks against blacklists and compliance databases.
  • Pattern Recognition: Uses AI to detect unusual patterns or anomalies indicative of TBML.

Reporting & Action

The final step involves generating reports and taking necessary actions based on the analysis.

  • Custom Reports: Configurable reports that highlight key findings and potential risks.
  • Alerts: Automated alerts for suspicious activities.
  • Actionable Insights: Provides recommendations for further investigation or remedial actions.