Seasearcher Trade Risk

Our intelligent solution enables businesses to identify potential trade fraud by offering powerful, real-time fraud detection tools. These tools help identify suspicious activity related to vessels and goods and empower businesses to address compliance risks and anomalies early on.

Key features include:

• Dual-use goods check: Screen over 8,000 restricted items for compliance risks. Cross-reference HS codes and descriptions to ensure goods satisfy international trade regulations.
• Vessel cargo compatibility: Check if the vessel is suitable for the goods it's carrying, ensuring compliance with trade regulations and insurance requirements.
• Route anomaly detection: Detect anomalous trading behaviour. We scan our database to identify trades similar to your transaction and alert you if no similar trades are found in the preceding 12 months.
• Price verification: Screen your price against prevailing and historical pricing data sourced from official governmental sources to detect potential over- or under-pricing, based on the Incoterms in your transaction. Our data coverage supports up to 13 digit HS codes.

These tools empower trade finance and trade compliance professionals to efficiently and accurately evaluate the risks in their trade finance transactions, thereby shielding your financial institution from trade-based financing risks.

Seasearcher Trade Risk leverages comprehensive data coverage and an AI-driven methodology to provide businesses with enhanced risk assessment capabilities. By continuously monitoring trade transactions and vessel activity, the platform safeguards your organisation from fraud, compliance breaches, and the severe consequences of non-compliance.

Key benefits of Seasearcher Trade Risk include:

• Fraud detection: Detect misinvoicing patterns - such as under-invoicing to evade taxes or over-invoicing to inflate the value of goods - to prevent fraudulent transactions from harming your bottom line.
• Ensure compliance: Stay compliant with international trade regulations, including the World Trade Organization's (WTO) Agreement on Customs Valuation and customs requirements, protecting your business from regulatory penalties.
• Safeguard your operations: Avoid facilitating financial crime by ensuring all trade transactions are legitimate, transparent, and meet global standards.
• Integrated AML screening: Combine AML checks with trade compliance processes, streamlining your workflow while maintaining a robust defense against financial crime.

With real-time data and continuous monitoring, Seasearcher Trade Risk allows trade finance and compliance professionals avoid potential risks while fully complying with global trade standards. By utilising its powerful screening tools, your team can confidently navigate the complexities of international trade.