According to the International Chamber of Commerce, fraudulent transactions within global trade financing contribute to an estimated annual cost of $5 billion in total business disruptions. The devastating impact extends beyond financial institutions, with shipping companies, traders, and logistics firms equally exposed to risks, which could result in lost revenue, reputational damage, and potential regulatory penalties. As bad actors find increasingly complex ways of hiding their activities across various trade modes, including containerized and bulk shipments, maintaining compliance becomes more challenging.
Seasearcher Trade Risk transforms your trade compliance process from reactive to proactive by instantly flagging high-risk indicators including mispriced goods, dual-use items, unusual trade movements, inappropriate vessel types, and suspicious transhipments. Covering 94% of the world’s container movements by TEU, along with significant coverage against counterparty and goods data, Seasearcher Trade Risk ensures you maintain regulatory compliance while streamlining workflows—reducing manual checks, preventing losses from trade finance fraud, and allowing your team to focus on strategic priorities rather than laborious screenings.
Organizations involved in international trade face mounting pressure to maintain compliance while operating efficiently. Real-time trade risk monitoring allows organizations to identify suspicious patterns before they become compliance violations. Here are the critical challenges that demand attention:
Trade-based money laundering costs the global economy billions annually through fraudulent transactions. Traditional screening methods often miss sophisticated schemes that manipulate trade documentation, pricing, and shipping routes. Without advanced detection capabilities, organizations remain vulnerable to involvement in illicit financial flows.
Maintaining global trade compliance becomes increasingly complex as regulations evolve across jurisdictions. Organizations must navigate a maze of international sanctions, restricted goods lists, and export controls that vary by country and change frequently. Failure to keep pace with these changes can result in severe penalties and reputational damage.
Thorough compliance due diligence is essential for organizations involved in international trade. Manual screening processes consume valuable resources and introduce human error risks. Many organizations struggle to balance thorough screening with operational efficiency, leading to either compliance gaps or workflow bottlenecks.
Most trade finance compliance solutions provide only partial visibility into the complete trade lifecycle. This fragmented view creates blind spots where risk can hide, particularly in areas like transhipments, vessel histories, and cargo movements that fall outside traditional documentation reviews.
Seasearcher Trade Risk offers a suite of advanced tools designed to draw your attention to activity that could represent fraud across all trade modes. Our intelligent solution enables businesses to identify potential fraud by offering powerful, real-time detection tools that address compliance risks and anomalies early on.
Comprehensive trade compliance screening
Our comprehensive trade compliance solution helps businesses navigate complex international regulations while minimizing risk. The platform integrates multiple screening capabilities into a single interface, allowing users to:
*This requires additional subscriptions to Seasearcher Risk and Compliance, or Seasearcher Advances Risk and Compliance.
Quickly spot important indicators of fraudulent trade such as:
Prices of goods which are higher or lower than their prevailing market value could point towards fraudulent accounting or signs of money laundering. Our price verification screens your price against prevailing and historical pricing data sourced from official governmental sources, with data coverage from more than 200 countries supporting up to 13-digit HS codes and goods description search.
Some goods you are financing may have military applications which are restricted by various global regulations to combat proliferation financing. Through our partnership with Dow Jones, screen over 8,000 restricted items across 21 major international Dual-use goods regulations for compliance risks and cross-reference HS codes and descriptions to ensure goods satisfy international trade regulations.
Goods which are not typically traded between two countries can be a sign of potential fraudulent trade, especially when the transaction value is high. Our anomalous trade movement detection scans our database to identify trades similar to your transaction and alerts you if no similar trades are found in the preceding 12 months.
When a vessel is unsuitable for transporting the documented cargo type, it raises concerns about the accuracy of goods declarations. Our vessel cargo-vessel compatibility check ensures compliance with trade regulations, ports clearance requirements, and insurance requirements for both container and bulk cargo vessels.
Unexpected or illogical shipment routes, multiple transhipments, or discrepancies between declared and actual movements may indicate attempts to obscure the origin or destination of goods. Our platform provides complete visibility into the entire shipping journey.
To address the risks of trade-based money laundering (TBML) and fraud, Seasearcher Trade Risk is designed to improve workflow efficiency and enhance the screening of high-risk transactions. Perform essential checks and batch-search up to five items at a time:
Our solution also allows you to validate key counterparty data on your trade document, including names and addresses of consigner and consignee, for containerised shipments.
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.
Prevent fraud
Identify suspicious patterns in trade finance transactions, unusual shipping routes, and anomalous pricing to stop fraudulent activities before they impact your business.
Protect your reputation
Ensure you’re not inadvertently involved in illicit trade by thoroughly vetting all aspects of your transactions, from counterparties to cargo types and vessel histories.
Stay compliant
Keep up with ever-changing global regulations by leveraging our comprehensive database of restricted items, sanctioned entities, and trade restrictions.
Save time and resources
Streamline your due diligence process with our all-in-one platform, reducing the need for multiple data sources and manual checks, allowing your team to focus on high-value tasks.
Trade compliance involves adherence to laws and regulations governing the import and export of goods across international borders. It includes customs laws, trade agreements, sanctions regulations, and export controls that businesses must follow to avoid penalties and ensure smooth operations. Effective trade compliance requires both powerful technology and expert insights to identify suspicious patterns.
While compliance departments typically oversee trade compliance processes, responsibility ultimately falls to multiple stakeholders including logistics teams, legal departments, and finance teams. Financial institutions face increasing pressure to enhance trade finance compliance while maintaining efficiency. Seasearcher Trade Risk streamlines these processes through automated verification and validation.
Common red flags include price discrepancies between invoice price and market value, circular shipping routes, transactions involving high-risk jurisdictions or goods, frequent amendments to shipping documentation, discrepancies and inconsistencies between documentation, etc.
Technology enhances trade compliance through automated screening, real-time monitoring, and data analytics that identify patterns human reviewers might miss. Seasearcher Trade Risk transforms your compliance process from reactive to proactive by instantly flagging high-risk indicators and validating shipment data against multiple sources.
Consequences can include substantial financial penalties, trade restrictions, reputational damage, and in severe cases, criminal charges against responsible individuals. Implementing robust trade compliance solutions helps organizations mitigate these risks while maintaining operational efficiency.
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