Banking & Trade Finance

Letter of Credit verification powered by AI

Verify LC documents against real-time vessel data, screen for sanctions, and detect invoice fraud in minutes. Reduce manual review time by 90% while catching fraud that humans miss.

<5min
Verification
95%
Fraud Detection
90%
Cost Reduction

LC Verification Result

✓ Verified
LC-2026-00142 • RAK Bank LOW RISK
Document extraction complete
AIS vessel location verified
Sanctions screening clear
Invoice price within market range
Timeline validated

How It Works

From document upload to verified result in under 5 minutes.

01

Upload Documents

Upload LC documents including Bill of Lading, Commercial Invoice, Packing List, and Certificate of Origin.

02

AI Extraction

Our AI extracts key data: vessel name, IMO number, ports, dates, cargo details, and amounts.

03

Real-time Verification

Cross-reference against AIS vessel tracking, sanctions databases, and commodity price indexes.

04

Risk Assessment

Receive comprehensive risk score with detailed breakdown. Download PDF report for audit trail.

Complete Verification Suite

Every check your compliance team needs, automated.

📄

Document Intelligence

AI-powered OCR extracts data from Bill of Lading, invoices, packing lists, and certificates automatically.

🚢

AIS Vessel Verification

Real-time integration with global AIS network. Verify vessel was at claimed port on claimed date.

🛡️

Sanctions Screening

Screen vessels, owners, and parties against OFAC, EU, UN, and 100+ sanctions lists.

💰

Invoice Analysis

Compare invoice values against real-time commodity prices. Detect inflated invoices and money laundering.

Fraud We Catch

Trade finance fraud costs banks billions annually. We detect it before funds are released.

⚠️ Ghost Shipments

Fake Bill of Lading with no actual cargo or vessel movement.

✓ Detected via AIS verification

⚠️ Double Financing

Same shipment documents presented to multiple banks.

✓ Detected via B/L database

⚠️ Phantom Vessels

Documents reference vessels that don't exist.

✓ Detected via IMO verification

⚠️ Inflated Invoices

Cargo value grossly overstated vs market prices.

✓ Detected via price analysis

⚠️ Sanctions Evasion

Shipments involving sanctioned vessels or parties.

✓ Detected via sanctions screening

⚠️ Timeline Fraud

Documents claim impossible shipping timelines.

✓ Detected via route analysis

Ready to automate LC verification?

See how Kuroshio AI can help your bank reduce fraud, speed up processing, and ensure compliance.