Detect illicit trade flows. Safeguard financial integrity
How to conduct diligent TBML screening for maritime trade with Trade Risk.
Comprehensive trade finance compliance to combat TBML risk
Trade-based money laundering (TBML) is one of the most complex financial crime risks, involving the manipulation of goods, pricing, and trade documentation to disguise illicit funds.
Financial institutions and trade finance teams must detect inconsistencies across fragmented data sources often under time pressure and evolving regulatory scrutiny. Traditional manual processes are slow, siloed, and prone to oversight.
Lloyd’s List Intelligence provides a unified, data-driven approach to TBML detection combining vessel tracking, trade data, AI anomaly detection, and ownership and cargo intelligence to deliver full visibility across the trade lifecycle.
95%
coverage of global container movements
24
major dual-use goods regulatory lists with monthly updates
200+
countries pricing data with 12-month historical trade records
>60%
reduction in manual workload through automation and AI analytics
Detect suspicious goods and misclassification
Dual-use goods screening:
- Identify restricted or controlled goods linked to illicit trade activity.
- Detect misclassification of goods designed to evade regulatory scrutiny.
- Screen against 24 major regulatory lists with continuous updates.
- Improve HS code accuracy with AI-driven classification support.
Reduce manual errors and enhance screening precision.
Uncover pricing manipulation and trade anomalies
Price verification and anomaly detection:
- Detect over- and under-invoicing using 12-month historical trade data.
- Benchmark pricing across 200+ countries to identify abnormal valuations.
- Flag transactions with no historical precedent or unusual trade routes.
- Surface patterns commonly associated with TBML schemes.
Validate trade documentation authenticity
Bill of Lading screening:
- Automate bill of lading verification across 95% of global container movements.
- Detect falsified, duplicated, or inconsistent bills of lading.
- Validate non-containerised cargo through evidence-based analysis with dedicated transhipment analysts.
Ensure authenticity and compliance in every check.
Identify suspicious trade behaviour and patterns
Vessel and trade pattern analysis:
- Detect mismatches between vessel type and declared cargo.
- Flag transactions that deviate from established trade patterns.
Only prioritise high-risk cases for targeted investigation.
Expose hidden counterparty risk
Counterparty and ownership validation:
- Verify consignor and consignees to uncover hidden risks exposure.
- Detect links between counterparties, goods, and sanctioned entities.
- Identify ultimate beneficial owners (UBOs) across ownership chains.
Assess true risk exposure and sanction compliance for strengthened due diligence.
Manage escalations and maintain audit trials
Streamlined & auditable workflow:
- Manage transaction workflows with built-in escalation paths, notes, and annotations.
- Maintain comprehensive, timestamped, and user-stamped audit trails supporting regulatory reporting and internal governance.
Transform compliance checks
Detect complex TBML schemes earlier in the transaction lifecycle
Identify suspicious pricing, goods, and trade patterns early to prevent financial crime before settlement.
Strengthen compliance with updated global regulations
Stay ahead of global regulatory requirements with continuously updated dual-use goods lists and sanctions data.
Improve decision speed without increasing risk exposure
Perform batch screening of multiple goods per transaction to increase operational efficiency.
Maintain transparent, audit-ready compliance records
Generate detailed reports and evidence packages that support regulatory audits and internal reviews.
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