CORAL™ TradeAML – was first launched in 2018 and was awarded with FinTech Award in Hong Kong ICT Awards 2019.
A real time Trade Anti Money Laundering screening process with a structured host of analysis, monitoring, checks and reporting. The detailed on-going screenings and enhanced transaction monitoring covers a step by step approach of evaluating trade transactions that enables detection of TBML schemes. This accurate and efficient automated process ensures legitimate trade continues to flow and halts fraudulent ones.
CORAL™ TradeAML assists in establishing clearer and effective gateways with appropriate controls and safeguards the existing legal frameworks to facilitate the effectiveness in exchanging of trade data and other relevant information in effort to combat financial crime, while ensuring commerce through trade continues to flow in an efficient manner.
The solution automates trade finance data digitization, verification, auto labelling, screening alerts, document image processing, document categorization, fields identification, compliance checks, red flags, consistency check, text reconciliation, allowing your organization to:
- Automate and digitize trade transaction data
- Perform frictionless AML compliance checks
- Automated check for incremental sanctions data update
- Operate from a unified case manager