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.
The Bank implemented Kyzer Trade Finance Regulatory Management Solution for Reporting to RBI and FIU-India. We benefitted a lot from the Kyzer’s banking domain expertise. We acknowledge their efforts throughout the project implementation and the excellent support provided.
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.
Request Your Free Demo
- Get started with your free demo and discusssion and see how you can digitize and automate your banking automation requirements.
- Trade Finance specialised solutions for Money Laundering, Customer Digital connect, Regulatory Reporting.
- Create and track all past reconcilied data and reports presentations under regulatory all in one Place.
- Web based portal funtioning within the banks intranet allowing you to complete data access for reports and audits instantly.
Questions? We'll Assist You!
Are you prepared to put your Trade Finance on Auto-Pilot With TBML Report?
