In today’s financial landscape, efficiency drives customer satisfaction. Banks face rising TBML risks driven by global trade growth and must address both trade compliance and broader financial crime. Effective sanctions screening is critical, yet challenging to implement without affecting the ROI of legitimate transactions.

The Challenges

Inaccurate first-line screening: The bank struggled with reviewing high volumes of trade transactions, leading to errors, false positives, and limited visibility into complex risks like phantom shipments and dual-use goods.

Workflow inefficiency: Manual, paper-based processes slow compliance checks, hinder ROI, and make it difficult to track and document trade activity consistently.

Evolving regulations: Rapidly changing international sanctions and maritime guidelines require banks to continuously update TBML screenings and maintain real-time awareness of regulatory developments.

Solution Overview

Swift, compliant screening safeguards against financial crime while enhancing the client experience and competitive edge.

Seasearcher Risk Suite, powered by Lloyd’s List Intelligence, delivers unparalleled trade compliance insights.

• Access previously unattainable vessel and trade data
• Streamline investigations and monitoring of illicit activity
• Generate comprehensive, downloadable reports in a single step

Key Benefits:

• Save time and effort during TBML and compliance checks
• Reduce risk with accurate, data-driven insights
• Enhance workflow efficiency without compromising compliance

Results

Using Seasearcher Risk Suite, the bank now screens vessels for compliance and TBML risks faster and more accurately, reducing manual verification time. Critical information is accessible in just a few clicks, enabling quicker transactions while maintaining full compliance.

Experience the efficiency of Seasearcher Risk Suite for your bank.

Access a new view of validated maritime trading risk and enhance your financial services today.