Trade-Based Money Laundering Monitoring
Detect TBML red flags with 20+ built-in rules covering over/under invoicing, phantom shipments, carousel transactions, and more.
Trade-based financial crime accounts for billions in illicit flows every year. SafeTrade equips financial institutions with the monitoring and screening capabilities needed to detect suspicious patterns, ensure compliance, and protect reputations.
Illicit trade finance activity is increasingly complex, involving document fraud, sanctions evasion, and misinvoicing. SafeTrade equips your institution to detect and prevent TBFC risks in real time, helping you stay compliant and protected.
Automated monitoring and digitisation reduce manual checks and review time.
Continuously screen against the latest watchlists, vessels, and dual-use goods.
Gen AI powered tools help detect over and under pricing scams
Identify suspicious pricing, shipping routes, and altered trade documents.
Case management and dual-approval features ensure faster, more accurate decisions.
SafeTrade provides your financial institution with a comprehensive solution for intelligently mitigating against the risks of TBFC. It continuously screens transactions against watchlists, as well as integrating vessel tracking and trade document digitisation. It also flags suspicious trade transactions in real-time, so you can stop them in their tracks.
Using advanced analytics like OCR, NLP and NLU, SafeTrade automatically reads and verifies information from trade documents, reducing manual processing time while increasing accuracy – as well as maintaining compliance with global and national standards. SafeTrade also integrates with your existing Eastnets compliance tools, minimising downtime and ensuring you get value with a solution that works straightaway.
Detect TBML red flags with 20+ built-in rules covering over/under invoicing, phantom shipments, carousel transactions, and more.
SafeTrade monitors transactions against the latest watchlists of sanctioned entities, dual-use goods, vessels and politically exposed persons (PEPs), ensuring every transaction is vetted against the most current data and prevents potential violations before they happen.
SafeTrade integrates with trusted third-party providers to Track vessel and container journeys and verify bill of lading, including port of loading and discharge, visited ports and cities, and vessel ownership details, enhancing visibility across the trade lifecycle.
SafeTrade uses OCR, NLP and NLU technologies to automatically classify, extract and validate information from trade finance documents. This reduces manual review time while improving the accuracy of fraud detection.
Generate, download, and revisit reports directly within the platform, no regeneration needed. Ideal for audits and compliance reviews.
Stay ahead of pricing anomalies with AI-driven tools that compare prices against country-specific benchmarks, flagging discrepancies for swift action.
Receive real-time alerts to suspicious trade finance activity the moment it occurs, allowing you to intercept questionable transactions before they happen.
SafeTrade seamlessly integrates into your existing workflows and systems, with minimal downtime and disruption.
SafeTrade is flexible, allowing you to configure it to suit your institution’s needs and changing regulatory requirements, ensuring you stay compliant as your operations evolve.
Eastnets has provided financial crime compliance solutions to global financial institutions for over 40 years. Today, our solutions help more than 800 financial institutions including 11 of the top 50 banks – and that global expertise ensures you can stay compliant, no matter where you operate.
SafeTrade integrates seamlessly with your other Eastnets solutions, minimising disruption to your workflows and delivering results from day one. Our solution ensures you can adapt to the ever-evolving regulatory landscape, thanks to automatic integration of the latest regulatory changes and watchlist updates. Your institution will always be kept up to date without manual intervention, reducing the risk of non-compliance.
SafeTrade keeps you compliant with global regulatory frameworks, including FATF, AMLD and OFAC. The platform automatically updates as these standards change, meaning you’ll always stay compliant. And with no manual updates needed, you’ll save time while reducing the risk of getting caught out by evolving regulations.
The system makes it easier to stay on top of paperwork, with comprehensive audit trails and documentation of all screening activities, transaction reviews and compliance decisions. That means you can easily demonstrate evidence of compliance efforts when required, with everything maintained in one single, easy-to-use platform.
Eastnets products are toolsets designed to work together for maximum protection and security. Stacking our products into a modular solution that fits your exact needs is highly recomended to reduce financial crime, fraud and other nefarious acts that could compromise your network.