Complex compliance requirements
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The holistic risk assessment solution empowering financial institutions to identify suspicious trade activities before they escalate into compliance breaches, financial losses, or reputational damage.
Identifying Red Flags in Trade has never been more challenging
From shadow fleet activities to the growing sophistication of bad actors, sanctions circumvention and export control evasion has come to the forefront of regulatory enforcement. Organisations are facing global exposure and pressure to have effective compliance programs identifying sanctions, restricted goods, over/under invoicing and other red flags, while maintaining business continuity and an excellent customer experience. Aside from sanctions and export control enforcement, fraudulent transactions cost $5 billion annually in business disruptions.
Complex compliance requirements
Operational inefficiencies
Fragmented & manual compliance processes
Dual-use good checks
Screen over 8,000 restricted items for compliance risks. Cross-reference HS codes and descriptions to ensure goods satisfy international trade regulations.
Over and under-pricing detection
Screen prices against official governmental data to detect potential over/under-pricing. Our coverage supports 13-digit HS codes and goods description search. Set custom price screening thresholds for more accurate risk assessment.
Anomalous trade movement identification
Detect anomalous trading behaviour. SeaSearcher automatically scans our database to identify trades similar to your transaction and alert you if no similar trades are found in the preceding 12 months.
Counterparties & goods validation
Validate key counterparty data on your trade document, including names and addresses of consigner and consignee, for containerised shipments.
Vessel cargo compatibility checks
Check if the vessel is suitable for the goods it's carrying, ensuring compliance with trade regulations and insurance requirements for both container and bulk cargo vessels.
Shipment validation
Validate 94% global container movements, transshipments, and bulk cargo shipments through an evidence-based approach, while the remaining 6% undergo manual verification by our dedicated analytical help desk.
From case creation to case closure, SeaSearcher Trade Risk supports the full lifecycle of a transaction, automating screening, escalation, ongoing monitoring, and decision logging—reducing turnaround time and operational workload.
“ The tool works particularly well for commodities such as wheat and sugar, where pricing is typically based on weight (tonnes). The results aligned well with our expectations and added significant value to our process.”
Africa’s Global Bank
“SeaSearcher Trade Risk has great potential to fulfil our needs to cover all risk typologies in one solution.”
Global Financial Services
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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A closer look at the challenges of reducing TBML risk, and what compliance professionals need to do to stay ahead of the curve.
