Compliance & Enforcement
Risk Management Engine
- Multi-tiered, multi-stage risk management system, which can be collaboratively managed by several agencies;
- Intelligent and configurable Risk Management System (RMS);
- Artificial Intelligence and Machine Learning based outlier detection;
- Selective Inspection based on RMS:
- Transaction-based Clearance (with pre-arrival risk monitoring dashboards);
- Account (compliance) based Clearance;
- Multiple-Agency integrated/coordinated Clearance;
- Pre-loaded risk profiles.
- Supports pre-arrival or pre-departure of low risk cargo;
- Define risk targets to evaluate critical exposures;
- Test newly created risk target on historical data to estimate strike rate;
- Prioritize risks based on likelihood, impact of occurrence and urgency;
- Provides profile/transaction matching checks;
- Supports random selection and saturation checks;
- Automatically generates an intervention request (inspection, assessment, sampling, scanning, weighing and others) if a risk is detected by the system for the goods declared;
- Generates detailed reports for risk analysis and effectiveness of various risk indicators, as feedback loop for continuous improvement;
- Allows to use Valuation Database for risk analysis in conformity with WCO’s guidelines on National Valuation Database (NVDB);
- MicroClear’s Rules Editor Tool allows defining new risk criteria in a simple and easy manner.
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