Risk pervades every industry while the stakes are considerably higher for the regulated sector. Banks, funds, lenders, capital markets, and wealth management firms need adequate and insight-driven technology architected in view of sprawling risk realities they face. Sanction Trace’s risk intelligence platform delivers as robustly on both macro and micro levels, across the breadth of operations, departments, and markets to help you navigate the complex regulatory environment. 

Ramifications of new sanction regimes and shifts in regulatory frameworks affect the Energy, Oil & Gas and Infrastructure Industries profoundly. The integrity of upstream industry located in conflict zones, under problematic jurisdictions is threatened by bribery, corruption and Terrorist Financing risks – crude oil is the primary currency smuggled to fill the coffers of terrorist organisations – while compliance failures in midstream operations can affect extraction and refining. Sanction Trace eradicates human error in compliance requirements the organisations need to fulfil.

The multi-faceted risks legal firms, accounting practices, and consultants face include clients with unusual source of funding, clients from high-risk jurisdictions, improper instructions and requests to omit established procedures. Risks increase when professionals take on depository or remittance functions, or fiduciary duties. Both professions are obliged by law to not to facilitate unlawful conduct or illegal aims. Sanction Trace provides law and accounting professionals and consultants a comprehensive tool to establish maximum clarity in identity verification and efficiently conduct ongoing due diligence while not straining legal privileges

The ever-vibrant real estate industry is fraught with varying levels of risk even for transactions that involve a lender or a financial institution. Clients from high-risk jurisdictions, purchases made via shell companies, concealment of identities or ultimate beneficiaries, schemes to resell or transfers from multiple sources make up only a few of the methods illicit operators use to launder proceeds via properties. Sanction Trace assists property professionals and law firms in taking appropriate steps to mitigate risk, leaving no room for opaqueness when it comes to fulfilling KYC requirements. 

Agility is at the heart of disruptive FinTechs, new generation services and challenger banks. Sanction Trace tops the edge market challengers have, supports fast forward thinking with its enhanced due diligence, monitoring and screening capabilities that fits today’s fast-paced market environment, without compromising speed or scale.

High Value Goods Dealers are regularly involved in high amounts of cash transactions and are prone to be angled by criminals who seek to circumvent AML/CTF regulations. Understaffing and lack of knowledge on AML regulations multiply the risk these businesses can face. Sanction Trace’s single solution, Ultimate Beneficiary Owner and SoW (Source of Wealth) checks capacity plugs the abuse points and vulnerabilities that can be preyed on for money laundering purposes, for a range of HVG dealers from auction houses to dealers in arts, precious metals, petroleum, automobiles, and boats. 

Fraudulent claims by illicit persons or entities, abuse points poked in life insurance policies, and policies extending coverage to sanctioned jurisdictions jeopardise the integrity of services offered by the insurance industry. Reliance on geographically scattered branches and brokers highlight the need for standardised, data-empowered and continuous due diligence. Sanction Trace’s effective screening capacity supports insurers in keeping step with rising complexities in the regulatory environment.  

Given the sheer size of healthcare budgets worldwide, Pharmaceutical & Life sciences industry is an obvious target for money laundering and akin criminal aims. Multinational expansion, globally dispersed supply chains, the diversity of third parties involved, leave the pharma industry vulnerable to incidents of transaction laundering, bribery and corruption. Sanction Trace factors in a broad scope of risk scenarios, swiftly builds automation into your compliance programs and accelerates results for flawless client/vendor onboarding and supply chain due diligence, delivering to the particular needs of the Pharma & Life Sciences industry.  

Construction and EPC Industries rest at the intersection of political interest, investment trends and geography. They are key industries that drive the momentum of change, fostering economic growth and progress.

Risks manifest due to uncharted networks, obligatory cooperative ties, multitude of contractors and suppliers and unwholesome practices under certain jurisdictions. Whether you are an investor, or a contractor; Sanction Trace’s location, jurisdiction and third party-based risk reports lend visibility to your relationships, empower your venture to root out evolving risk across the spectrum of your operations.