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TRADE-BASED MONEY LAUNDERING

Automate transaction monitoring of Trade-Based Money Laundering (TBML) based on industry standard red flags

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WHAT'S INVOLVED?

 

The rapid growth in the global economy has made international trade an increasingly attractive avenue to move illicit funds through financial transactions associated with the trade in goods and services. According to the International Narcotics Control Strategy Report (INCSR), hundreds of billions of dollars are laundered annually by way of Trade-Based Money Laundering (TBML). TBML transactions have gained the attention of regulators, who are increasingly citing these illicit activities, in warnings they issue to global financial institutions.

THE PROCESS

 

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WHAT WE CAN DO

 

Reduce Workload by 50 Percent
Three times Faster Investigaton of Alerts
Reduce TBML Related Costs by More Than 30 Percent
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BENEFITS

Encode Common Red Flags for Automatic Generation of Alerts

Perform an Efficient and Effective Investigation of those Alerts

Discover Hidden Elements in the Transaction that Investigators Might Otherwise Miss

Check for Reasonableness of Transactions Between Importers and Exporters

Seamlessly Encode New Rules into the System without Dependency on the IT Team