Trade Compliance Secure
Advanced Trade Compliance Capabilities for Speed and Precision
Regulation is the single biggest challenge for the trade finance and supply chain industries. Compliance teams are under increasing pressure to ensure they manage and mitigate associated risks. Risk is further compounded due to the frequent changes to sanctions regulation and the complexity of the trade compliance process. An industry that relies heavily on paper-based documents for key terms, agreements, and details of trade transactions within a wide ecosystem of cargo operators, freight forwarders, insurance agents, and financial institutions, requires a compliance management tool that can streamline the day-to-day functions and tasks of the trade operations team.
Key Features
The Industry Standard
Sole responsibility for the issuance of vessels’ IMO numbers to all ships over 100GT and the originating source for the full list of ships’ registered owners on behalf of the International Maritime Organization.
Identify High-Risk, Dual-Use, and Military Goods
Powerful database of 500,000+ items covering brand, serial, and product names, refined with millions of real-life bill of lading goods descriptions for greater accuracy.
Understand Shipping Risk
Validate the global vessel fleet for a complete range of compliance indicators including AIS outages, ship-to-ship transfers, suspicious movements, sanctions evasion, and container transshipment.
Evaluate Over-and-Under Price Invoicing
Ability to view timely unit price information, derived from official government statistic sources, on goods across the full Harmonized System (HS) Codes schema, from t-shirts to washing machines and clocks.
Understand Company Trade Activities
Data from customs and businesses provide a complete view of import and export movement, together with corporate details on industry sector and date of establishment.
Manage Workflow
Capture screening results in a unique audit trail system with the ability to produce and print reports.
How it Works
Mitigate Sanction and Trade-Based Money Laundering Risk
Financial and non-financial businesses rely on Trade Compliance Secure to respond to the dynamic and ever more complex trade finance and supply chain compliance environment. The solution improves detection rates whilst locking in operational efficiencies, meaning faster and more confident transaction processing times. S&P Global Market Intelligence also assigns the vessel’s IMO number on behalf of the UN and manages the world’s largest corporate network of ship owners and managers, guaranteeing an unmatched level of accuracy and depth of coverage for vessel characteristics and ownership data.
Product Feature
Platform Benefits
One-Stop Solution
A single solution for all aspects of compliance screening in the trade finance and supply chain workflow.
Customized Platform
Tailored and specific platform that works across operations and sanctions investigation teams, allowing for first line of defense filtering and deep dive research.
Speed & Precision
Highly accurate and unique datasets that reduce the time spent investigating false positive.
Integration
Ease-of-use dashboards and API integration to screen fields and data from trade documents.
Enhanced Efficiency
Reduce the need for search engine tools to manage export controls and price evaluation checks.
Document Processing
Digitize paper files to effectively manage the extraction of key data fields from trade documents for compliance screening and inconsistent text analysis.
Trade Compliance Resources
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Trade Compliance Secure enables customers to mitigate sanction and trade risk on end-users, end-usage, and other important compliance elements. Its tailored and specific platform works across operations and sanctions investigation teams allows first line of defense filtering and deep dive research. Complete the form to see it in action.