Lloyd’s List Intelligence are pleased to announce a partnership with TradeSun to provide data to the TradeSun platform that supports enhanced risk evaluation for trade compliance professionals.
In response to rapidly evolving international sanctions and emerging risk, TradeSun clients can now access Lloyd’s List Intelligence datasets for vessel tracking and ownership and Bill of Lading tracking from within their platform. It follows Lloyd’s List Intelligence launching vessel risk ratings that help finance and compliance professionals evaluate risk more easily.
Lloyd’s List Intelligence’s expanded dataset provides vessel risk indicators and invaluable Bill of Lading tracking for the whole voyage, including transshipment information. This is sourced from Lloyd’s List Intelligence quality assessed vessel characteristics, ownership and real-time tracking data, all of which help TradeSun customers to reduce significantly the risk of non-compliance.
The TradeSun Platform extracts and standardises transaction data, performs multiple compliance activities in real-time, intercepting illicit activities in flight, and ensures trade documents meet international standards (UCP 600/ISBP). Comprehensive reporting, audit trails and prescriptive analytics are provided across the platform.
“With global regulators increasingly turning to sanctions as a pressure tool, players in trade must be vigilant in adhering to the evolving regulatory landscape,” says Nigel Hook, TradeSun CEO. “We’ve partnered with Lloyd’s List Intelligence to further enhance TradeSun’s screening capabilities and give customers confidence in compliance by combining industry-leading data with top tier technology.”
Lloyd’s List Intelligence, part of Informa, has been at the heart of the industry for over 300 years, providing the intelligence, data and expertise that support the shipping market and keep global trade moving efficiently.
Thomas Richmond, Strategic Partnerships Manager at Lloyd’s List Intelligence, noted “Compliance professionals around the world need more than great data. They need the kind of greater insight that our unique data and analytics can bring. This powerful and timely addition to the TradeSun Platform will help professionals meet the escalating trade compliance standards.”