Trade Finance Sanctions Screening Extraction

Trade finance is an engine for the global shipment of goods and services. However, because of its international exposure and high values, financial institutions must also conduct various AML and sanctions compliance checks before issuing a Letter of Credit or other trade finance products. These compliance checks often require manual searching for names, addresses, and goods within high volumes of paper documents.

WorkFusion’s Trade Finance Extraction use case eliminates 65% or more of this time-intensive and error-prone process. The solution easily integrates with your chosen screening system to expedite alert generation and risks while reducing manual and unnecessary touchpoints.

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