TRADE-BASED MONEY LAUNDERING
Automate transaction monitoring of Trade-Based Money Laundering (TBML) based on industry standard red flags
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.
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