Pakistan Single Window Puts National Customs Data Inside Trade iQ

AKS iQ has entered a formal collaboration agreement with Pakistan Single Window (PSW), the country's national trade facilitation platform, to bring government-endorsed customs data directly into Trade iQ's price verification engine.

The agreement gives banks running Trade iQ a new layer of corroboration: instead of relying solely on what a customer declares to the bank, compliance teams can now check that declaration against what the same shipment was declared to customs, data endorsed by the country's own trade authority.

Closing The Gap Between Bank And Customs Records

Mis-invoicing, over- and under-declaration, and mismatches between commercial and customs paperwork are among the most common trade-based money laundering techniques, and among the hardest to catch when a bank can only see its own side of the transaction. By connecting to PSW's national data, Trade iQ closes that gap for every bank on the platform, not just for a single institution's own transaction history.

This is one of the reasons Trade iQ's price verification module reviews 100% of transactions rather than a sample, cross-checking HS codes, quantities, unit prices, and declared goods across customs records, the bank's own file, and prior transaction history for the same goods.

What This Means For Banks On The Platform

• Price verification checks now corroborate against national customs data, not just commercial invoices
• Discrepancies between bank and customs declarations are surfaced automatically, before payment
• The evidence trail behind each alert now includes a government-endorsed data source

The partnership reflects a broader pattern behind Trade iQ's growth: trade-based money laundering is a cross-institutional problem, and the platforms built to catch it work best when they can see across institutional and government data sources, not just inside a single bank's four walls.