Accuity launches enhanced dual-use goods screening engine for trade finance

Accuity has launched an enhanced dual-use goods screening capability. This screening engine intelligently differentiates between goods that could have civil and military purposes. The solution is designed to enhance standard regulation lists with additional synonyms and data points to increase the chance of catching high-risk goods, however they are described and ultimately prevent those goods being used in terrorist or rogue state activity.

Generic language in trade documents, incomplete information and technical/trade terms currently make detecting irregular trades against official sanctions lists difficult. While criminals and terrorists often seek to disguise illicit transactions in the complex paperwork that underpins the US$7.6 trillion trade finance industry.

The solution is fully integrated into Accuity’s Firco Compliance Link solution (formerly Compliance Link). It marks a move away from the traditional checklist-based or human experience approach to identifying high risk goods in trade by automatically incorporating decisions made and records for audit.