Our solutions for the shipping industry

Digital onboarding, AML screening and in-life monitoring of your client base

The shipping industry may not appear to be vulnerable to money laundering exploitation but it is.

Trade Finance is a term used to describe the financing of operations undertaken to facilitate trade or commerce, which generally involves the transportation of goods between two locations. The vast majority of the world’s goods are moved by ship and as Trade Finance is an established and widely used money laundering methodology shipping, by extension is vulnerable. 

Furthermore shipping companies need to be alive to the risk of Sanctions in order to avoid the possibility that they are either engaged in business with sanctioned entities or transport sanctioned goods.

RiskScreen is utilised by shipping companies to achieve optimal financial crime compliance and reputational risk management with maximum efficiency.

The RiskScreen ecosystem

The RiskScreen AML platform provides an end-to-end solution for your management and protection against financial crime. Choose single or multiple modules, as your organisation requires.

Save weeks of work by conducting digital identity verification of individuals, as well as full KYC and KYB screening checks through your dedicated web portal and mobile app.

The risk levels you decided at onboarding can then carry through to your ongoing screening and monitoring.

AML screening against sanctions, PEP and watch list data – as well as adverse media – to establish your customer’s risk level.

Screen as a one-off at point of sale or pre-onboarding, then follow this up with ongoing scheduled batch screening across your customer base – so you’re alerted about changes, and can be confident in your exposure.

Revolutionise your decision making with RiskScreen’s in-life monitoring modules.

Turn your existing static and dynamic customer information into hot data for real-time risk analytics and reporting with our truly transformational approach to data and risk management.

Find out why RiskScreen is the smarter way to combat money laundering

Any screening technology is only as good as its underlying data. That’s why work to find the best providers, ensuring you get screening matches you can trust.

Resources

The latest news, commentary and events from RiskScreen. For industry insight, visit our AML insight hub, KYC360.

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Company

RiskScreen was founded by experts in financial crime. It’s because of this unrivalled subject matter expertise that companies choose to partner with us.