Discover how this bank reduced transaction times, strengthened due diligence, and minimized risk using Lloyd’s List Intelligence.

Challenge

The bank relied on manual, fragmented processes for maritime trade finance due diligence—verifying bills of lading, invoices, sanctions history, and vessel identity through open-source registries.

This approach was slow, incomplete, and exposed the bank to multiple risks:

• Money laundering via mis-documented goods
• Sanctions violations
• Delayed or missed lending opportunities

Solution

A phased deployment of Lloyd’s List Intelligence’s Seasearcher platform enabled the bank to enhance transparency and compliance:

1. Seasearcher Standard: vessel screening (name, ownership, movements)
2. Seasearcher Risk & Compliance: detects risks per OFAC / EU / OFSI guidance (AIS anomalies, sanctions, port calls, ship-to-ship transfers)
3. Seasearcher Advanced Risk & Compliance: supports escalations and in-depth investigations
4. Seasearcher Container Tracker: tracks containerized goods through transshipment and vessel movements

Onboarding included dedicated support, training, and analyst assistance.

Results

Since deployment:

• Transaction screening time fell from 20 minutes to 5 minutes
• The bank saves 62.5 work-hours per day
• Due diligence is automated and reliable; teams now focus only on flagged cases
• The bank’s exposure to money laundering and sanctions risk is greatly reduced
• Compliance, trade finance, and financial crime teams all benefit from more efficient, consistent decision-making

Why It Matters

In today’s regulatory climate, relying on manual checks is no longer viable.

With increasing trade complexity and enforcement pressure, banks must adopt solutions that ensure transparency, speed, and compliance—all at scale.

Transform your trade compliance operations.

Request a demo to see how Lloyd’s List Intelligence can help your bank detect risk, accelerate decision-making, and protect against financial crime.