Trade-Based Money Laundering Starts With an Invoice
Wholesale distributors, importers, and export trade firms face significant exposure to trade-based money laundering and sanctions violations. Sentinel™ provides the partner screening and KYC infrastructure wholesale and trade businesses need.
TBML Is the Most Common Laundering Method in Trade
Trade-based money laundering accounts for a significant share of global illicit finance flows. Over-invoicing, under-invoicing, falsified shipping documents, and multiple invoicing schemes allow criminal networks to move value across borders through wholesale trade relationships.
Sentinel™ enables wholesale and trade firms to screen all buyers, suppliers, agents, and intermediaries against global sanctions and watchlists at onboarding, and continuously as relationships develop.
Good Tip from Oscar
"An invoice that says $280,000 for goods worth $28,000 is not a pricing error. It's trade-based money laundering. FATF calls it one of the three primary methods of moving illicit funds globally. Screen your counterparties. Verify your invoices."
Key AML/KYC Regulations Sentinel™ Helps You Meet
OFAC / BIS Trade Sanctions
Import/export firms must screen all counterparties against OFAC's SDN list and BIS Entity List.
FinCEN TBML Advisories
FinCEN has issued multiple geographic targeting orders and advisories identifying wholesale trade as high-risk for TBML.
EU Dual-Use Regulation / Sanctions
EU exporters of dual-use goods must screen end-users under Regulation (EU) 2021/821 and verify all trading partners against the EU consolidated sanctions list.
HMRC / ECJU / HMT Sanctions
UK trade firms must comply with HMRC's AML guidance, ECJU export licensing requirements, and screen against HMT's consolidated sanctions list.
FATF TBML Guidance
FATF identifies wholesale trade as a primary channel for trade-based money laundering. Risk-based partner screening and invoice verification are core recommended controls.
CBSA / FINTRAC
Canadian wholesale importers and exporters must comply with CBSA trade controls and FINTRAC AML obligations.
AUSTRAC / DFAT
Australian trade firms must screen against DFAT's sanctions list and comply with AUSTRAC obligations.
Customs Trade Partnership / WCO
The WCO's SAFE Framework and US CBP's CTPAT program encourage supply chain security screening that aligns with AML/KYC counterparty verification requirements.
Everything Your AML/KYC Compliance Team Needs
Lowest False Positive Rate
Secondary matching criteria date of birth, citizenship, address eliminate erroneous alerts before they reach your team. Your analysts focus on real risk.
Continuous Customer Monitoring
Your full customer portfolio is automatically re-screened when watchlists update. No manual batch jobs. No compliance gaps between periodic reviews.
Un-editable Audit Logs
Every decision, every alert, every override is timestamped and logged in an immutable audit trail. Fully exportable for examiner review at any time.
Real-Time API & Batch Processing
Integrate at onboarding via Real-Time API, or run batch screening across your full portfolio. Same-day go-live less than one business day to integrate.
Global Watchlist Coverage
OFAC SDN, UN, EU, HMT, DFAT, and 50+ additional global sanctions lists all updated daily. PEP screening and adverse media in 5 languages.
Tier 1 & 2 Support
From user training to technical consultation. Dedicated support for large operations. Human support from compliance professionals not a help desk queue.
Money Laundering Hides
in Plain Sight on an Invoice.
Over-invoiced, under-invoiced, or completely fabricated. Trade documents are the favourite camouflage of criminal networks. FATF calls it one of the top three global ML methods. Sentinel™ screens every counterparty before the goods move. Learn more →
30 years helping organizations stay out of trouble. And yet, here we are, writing fine print just like everyone else.
The information on this website is provided for general informational purposes only and does not constitute legal, regulatory, or compliance advice. Truth Technologies, Inc. makes no representations or warranties regarding the accuracy, completeness, or currency of the regulatory information presented. AML/KYC obligations vary by jurisdiction, institution type, and individual circumstances. Organizations should consult qualified legal counsel or a licensed compliance professional before making compliance decisions. Sentinel Compliance Platform™ is a product of Truth Technologies, Inc.