Trade Based Money Laundering Report

Trade-Based Money Laundering

Trade-based money laundering is the process of disguising the proceeds of crime and moving value using trade transactions to legitimize their illicit origins

It is a growing risk, as seemingly legitimate transactions are exploited by criminal groups to launder funds and finance terrorist activity.

Typical TBML common techniques include:

False reporting on invoices, such as commodity misclassification, commodity over- or under-valuation.

Repeated importation and exportation of the same high-value commodity, known as carousel transactions.

Commodities being traded that do not match the business involved.

The over- or under-valuation of goods on the invoice and other documentation.

Over- or under-shipment of goods or services (also, phantom shipments).

Shell companies or offshore front companies.

Third-party intermediaries facilitating invoice settlement.

Illicit cash integration in financial settlement.

Misuse of existing trade chain to move funds for terrorists (evasion of sanctions / financing of terrorism).

Lets Take Our Conversation Ahead

Automate all of your regulatory reportings to government bodies in one Regulatory Suite platform.

TBML Reporting Platform Features

Portal based Application

Data will be auto fetched from Multiple Systems

Forex Trade Based RFIs capture

Computation will be done on the basis of TBML Rules.
Transaction which have been flagged based on Computations will be viewed instead of manual User computation.

Configuration Rule based parameters

Rule with regards to number of days, Currency, Amount
will be provided

Workflow based approach

Includes 4, 6 & 8 Eye Principle options as per bank policies

STR - Suspicious Transaction Report Filling

In case of STR filing, for a particular customer, XML based output provided

Regulatory & MIS Reports generation

Reports available on Click of Button in CSV

Why Banks Choose Kyzer TradeZone

Comprehensive Trade Finance Automation

End-to-End Trade Automation from Customer Portal, Complete Bank Trade interface with integrations with third party systems.

Ease to launch New Trade products.

Risk Monitoring & Regulatory Management

Trade specific workflows, document examination and Compliance monitoring, Product Lifecycle & STP.
Complete Configuration of Bank’s Approval and Deviation Hierarchy.

AML/Blacklist Country Check through Integration
Integration with IDPMS / EDPMS solution
Regulatory Reports & Customized MIS report generation

Data Management & Warehouse

Complete Data management across Core and Third party systems to ensure optimial data handling, retrieval and auditability.

Regulatory Report generation, Customer portal data visibility and email/sms communication management.

Domain Expertise in Banking

Domain expertise in Niche bank segment of Trade Finance, Regulatory Compliance.

Advisory to banks on trade processes, automation & regulatory implementations.

Team with decades of experience in BFSI & Technology

Business Retention & Growth

Centralized Processing for all Customer Requests. Remote branches can start accepting Trade requests.

Digital Front End – Customer Trade Portal for corporate customers

Scalable Suite supporting a portfolio of Trade Finance products

Real-Time status of trade finance operations

Solution Live with Leading Indian & Multinational Banks

Complete Data management across Core and Third party systems to ensure optimial data handling, retrieval and auditability.

Regulatory Report generation, Customer portal data visibility and email/sms communication management.

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Are you prepared to put your Trade Finance on Auto-Pilot With TBML Report?