Trade Compliance Secure
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Trade Compliance Secure is a compliance management tool that streamlines the day-to-day functions and tasks of a trade operations team. Leverage accurate trade transaction monitoring to meet the latest challenges in risk and compliance.
Regulation is the single biggest obstacle for the trade and supply chain industry. Organizations are under increasing pressure to ensure they manage and mitigate associated sanctions and export control risks. Trade Compliance Secure can help organizations that rely heavily on paper-based documents for key terms, agreements and details of trade transactions within an ecosystem of cargo operators, freight forwarders, insurance agents and financial institutions.
Trade Compliance Secure enables:
- A risk-based approach to elements within the trade transaction
- Access to comprehensive datasets across the maritime and trading world to ensure that your decisions are based on rich and accurate content sets
- Automated processing to improve customer turnaround time for new and existing trade applications
- Maintenance of all screening services within a single, consolidated workflow configurable to individual risk appetites and processes
Service Provider Information
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.
Key Information
Use Cases
- Corporates, Exporters and Cargo Operators: Assess cross-border trade risk in the context of international economic sanctions and export controls. Leverage this solution to ensure effective risk management, integrate data into existing platforms, and maintain regulatory compliance.
- Financial Institutions: Banks and insurers need clarity on risk in trade transactions. Leverage this solution to optimize vessel, goods, price and corporate entity risks, and reduce the complexity and costs of compliance.
Benefits
- Modern web-based UI capable of building bespoke modular reporting, transaction management and audit history
- Trusted data across the maritime and trade sector and associated expertise
- Industry leaders in the management and reduction of false positive rates
- Extensive library of export controlled regulatory lists for screening purposes
- Transparency on risk outputs using the traffic light system to highlight red flags
- Flexible implementation options range from fully cloud-based service to API endpoints for integration with in-house platforms