Managing trade compliance in a rapidly evolving maritime landscape is a significant challenge for businesses involved in international trade. As regulations evolve and illicit activities such as Trade-Based Money Laundering (TBML) become more sophisticated, companies must take proactive steps to ensure compliance and avoid costly penalties.
Lloyd’s List Intelligence’s Trade Compliance solution allows businesses to streamline compliance processes, reduce risk exposure, and thoroughly screen all relevant trade activities. By accelerating sanctions and TBML screening, companies can stay ahead of potential violations, protecting their operations and reputation.
In today’s fast-paced trade environment within the maritime industry, time is often of the essence. Lloyd’s List Intelligence’s Trade Compliance suite from the Risk Evaluation solution enables businesses to complete document checks up to 25% faster, empowering them to deal with issues swiftly without compromising accuracy. Our solution offers comprehensive screening capabilities covering all key trade compliance areas.
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Lloyd’s List Intelligence ensures that your compliance activities are efficient and thorough by providing a fast and comprehensive screening process, reducing the time spent on manual checks while maintaining the highest standards of accuracy.
Maritime businesses must swiftly and confidently identify and assess risks to maintain compliance and prevent violations. Lloyd’s List Intelligence’s Trade Compliance suite from the Risk Evaluation solution enables users to detect links to sanctioned organisations and vessels and other high-risk behaviours throughout a vessel’s voyage, enabling businesses to mitigate risks early on.
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These unrivalled risk identification tools help your compliance teams stay ahead of potential violations, ensuring that threats are identified and addressed quickly and efficiently.
Maintaining well-documented compliance records is essential for regulatory reporting and internal reviews. Our expert team helps simplify this process by providing a streamlined approach to record-keeping and the escalation of potential issues.
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This efficient system of record-keeping and escalation ensures that your team can manage compliance activities effectively, reducing the administrative burden associated with regulatory oversight.
Effective trade compliance requires comprehensive visibility into the global commercial fleet. Lloyd’s List Intelligence’s Trade Compliance suite from the Risk Evaluation solution provides 100% coverage of the live commercial fleet, ensuring no vessel is overlooked in the screening process. With extensive data on vessel activities, sanctioned ports, and high-risk behaviours, your business can fully control its compliance efforts. The solution is trusted by 80% of the world’s largest banks, underlining its reliability and effectiveness in managing trade compliance at scale.
This level of coverage ensures that your business can confidently navigate the complexities of global trade while maintaining compliance with evolving regulations.
Evolving trade regulations and compliance requirements mean maritime businesses need a solution to adapt to these changes. Lloyd’s List Intelligence’s Trade Compliance suite from the Risk Evaluation solution is designed for flexibility and scalability, making it easy for maritime businesses to stay compliant in an ever-changing landscape.
A leading global bank has used Lloyd’s List Intelligence’s Trade Compliance suite from the Risk Evaluation solution to conduct hundreds of enhanced trade compliance screenings daily, ensuring that its operations remain compliant with the latest sanctions and trade regulations. The bank could manage its compliance workload efficiently and confidently by automating its screening processes and leveraging advanced analytics.
Lloyd’s List Intelligence’s Trade Compliance suite from the Risk Evaluation solution offers businesses a powerful tool to accelerate compliance processes, reduce risks, and thoroughly screen all trade activities. With comprehensive fleet coverage, advanced risk identification, and seamless record-keeping, businesses can streamline their compliance efforts while staying ahead of evolving regulations.
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