TBML and cryptocurrencies directly integrated in NICE Actimize AML platform

NICE Actimize with Complidata has launched a consolidated Anti-Money Laundering (AML) platform that directly integrates features to identify trade-based money laundering (TBML) and money laundering through cryptocurrencies. 

Together, the companies claim they offer the only end-to-end TBML solution using artificial intelligence to read and extract entity and meta-data from unstructured trade finance documents.

TBML a top priority

NICE Actimize says it has united TBML compliance within its core AML programme because it recognises that trade finance is a top three money laundering methodology globally.

But it says identifying irregularities in trade finance processing is especially challenging when volumes of trade are large and require every single shipment to be examined without disrupting the flow of daily business.


By integrating the Complidata A.I-Driven Automation (AIDA) solution for trade finance in its AML platform, NICE Actimize is leveraging the features of an industry-specific solution that automates trade finance processes.

Automated processes include document extraction, verification, auto labelling, screening alerts, document image processing, document categorisation, fields identification, compliance checks, red flags, consistency check and text reconciliation.


NICE Actimize says this allows organisations to reduce front office turnaround time by 75 per cent, automate and digitise the paper trail and achieve 80 per cent digitisation accuracy on day one.

The solution also allows organisations to perform frictionless AML compliance checks and operate from a unified case manager NICE Actimize claims.

Categories: Trade Based Financial crimes News

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