​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Uniting Trade-Based Money Laundering Compliance With Your Core AML Program

As of today, trade-finance is a top three money laundering methodology globally. Recent enforcement actions have links to AML control failings where trade-based money laundering (TBML) deficiencies had a prominent role.

Due to manual processes and the high volume of paperwork entailed, TBML has become increasingly difficult to monitor. Identifying irregularities is especially challenging when volumes of trade are large and require every single shipment to be examined, all while refraining from disrupting the flow of daily business.

Front-office teams, typically at regional levels, are often performing the AML checks without the full view of customer, counterparties and activity risk from the core AML and sanctions teams.

Digitalization and Automation Mitigates TBML Risks and Brings Process Standardization

The Complidata A.I-Driven Automation (AIDA) Solution for trade finance is an industry-specific solution that supports various stakeholders in the trade finance domain to achieve regulatory compliance through computer vision and artificial intelligence, coupled with an intelligent alert reporting mechanism.

The solution automates trade finance document extraction, verification, auto labelling, screening alerts, document image processing, document categorization, fields identification, compliance checks, red flags, consistency check, text reconciliation, allowing your organization to:

  • Reduce front-office turnaround time by 75 percent

  • Automate and digitize the paper trail

  • Achieve 80 percent digitization accuracy on day one

  • Perform frictionless AML compliance checks

  • Operate from a unified case manager

Complidata and NICE Actimize

Together, NICE Actimize and Complidata offer the only end-to-end trade-based money laundering solution, using artificial intelligence to read and extract entity and meta-data from unstructured trade finance documents.

  • Digitize data collection with Complidata Document Auto-Extraction for high accuracy starting on day one

  • Routinely perform compliance risk checks for all parties of interest linked to a trade, various entities and counterparties for PEPs and sanctions, international embargoes, dual use goods monitoring, vessels monitoring, and red-flags

  • Built-in linkages with other AML solutions for a full view of trades and their associated entities, resulting in a robust customer risk rating, transaction monitoring, and screening for quick identification of abnormal behavior


Uniting Trade-Based Money Laundering Compliance with Your KYC-AML Program

See how Complidata partners with NICE Actimize solutions.


Why Money Launderers Love Trade Finance (And How to Stop Them)

Learn about trade-based money laundering in this eBook.