TradeSun launches Real-Time Compliance as financial crime risks weigh on banks


Del Mar, CA – April 28, 2022 – TradeSun, the leading provider of AI-powered financial crime prevention solutions, has launched its Real-Time Compliance solution as financial crime risks weigh on banks and their corporate clients.

Real-Time Compliance, a core part of the TradeSun Platform, enables banks to detect and intercept illicit activities in trade instantly, taking a holistic view of financial crime prevention. It replaces the manual, siloed and retrospective approach commonly deployed in trade compliance today.

The comprehensive AI-powered solution covers sanctions screening, bill of lading tracking, trade-based money laundering, dual use goods, fair price check, anti-boycott language, and raises alerts for transactions involving high-risk industries, goods and/or jurisdictions. It seamlessly integrates leading data providers, including MarineTraffic, IHS Markit, Lloyd’s List Intelligence, and more.

With authorities warning that trade-based financial crime risks are increasing in trade and international sanctions intensifying, banks must have the tools to effectively identify and stop illicit activities, or risk further regulatory action, hefty fines, and reputational damage. Real-Time Compliance enables TradeSun customers to advance compliance processes and adhere to the strict global regulatory environment with confidence.

Manoj Saxena, Chief Product Officer at TradeSun, said: “Real-Time Compliance provides a first-of-its-kind comprehensive suite for compliance screening. The innovative technology vastly improves efficiency and organizational controls for banks, automating manual and onerous tasks, and significantly reducing risk.”

Nigel Hook, CEO of TradeSun, added: “Tightening international sanctions and authorities increasingly warning of financial crime risks in trade are putting pressure on compliance teams. Having worked with intelligence agencies across my career to stamp out illegal acts in trade, I know the difficulties facing players in industry. The solution enables banks to identify and intercept illicit acts in flight, which is crucial amid this evolving and volatile environment.”


TradeSun contact
Maddy White


About TradeSun: TradeSun is an innovator and leader in trade digitization. Our award-winning AI-powered platform for trade finance processing and compliance empowers our customers to reduce risk and fuel growth by leveraging state-of-the-art technologies. The TradeSun Platform is a one-stop solution that offers real-time compliance, covering trade-based money laundering, dual use goods, fair price, vessel tracking and sanctions. It also automates document review, significantly reducing processing times. Our executive team consists of highly experienced trade and technology professionals from many leading financial institutions: TradeSun

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