The Challenge of Detecting Trade-Based Money Laundering (TBML)

TBML is difficult for banks and financial service companies to detect because these companies rarely see the invoices involved in these illegal transactions.

They only see the transaction amounts. Thus, TBML is often undetectable by traditional Anti-Money Laundering (AML) systems

BenfordAnalytics solves the challenge of not seeing the individual invoices and works exclusively with the transaction amounts - no invoices required.

The World’s Largest Synthetic TBML Dataset:

We tested different algorithms on 100,000 customers with 100 million transactions.
We assumed 1 in 1,000 transactions (namely, 0.1%) being trade-based money laundering (TBML).

What next?

Click HERE to find out more about Trade-Based Money Laundering.

Click HERE to find out more about AML Analytics.

Click HERE to get in contact with us.