TradeSun appoints retired US Navy Rear Admiral Ronne Froman-Blue to the board

Rick Steves

“Malign actors are present in many sectors and walks of life, and technology is crucial in curbing illegal activities.”

TradeSun has appointed retired US Navy Rear Admiral Ronne Froman-Blue to its Board of Directors to support and steer the company in its mission to fight financial crime in trade.

The TradeSun Platform provides trade digitization, compliance and document examination by extracting and standardizing transaction data, performing multiple compliance activities in real-time, intercepting illicit activities in flight, and ensuring trade documents meet international standards.

Ronne joins TradeSun to eliminate financial crime across trade

Ronne Froman-Blue, who has been involved with high-level assignments at the Pentagon, was the first female Commander of the US Navy Region Southwest and Director of Ashore Readiness, which involved leading all Navy stations and bases around the world with a $7 billion budget.

After a decorated career that spans more than 30 years, she retired from the Navy and held high-profile positions in San Diego, including the first Chief Operating Officer for the city; Chief of Business Operations for the San Diego Unified School District; and CEO of the local unit of the American Red Cross.

She was appointed to the board of TradeSun to help steer and support the strategic planning of the company by providing her vast and unique knowledge gained from experience working with the Department of Defense.

Ronne Froman-Blue said: “I am delighted to be joining the TradeSun Board to support Nigel and his team in achieving their goals. I have been impressed with TradeSun’s AI technology and how it is reducing financial crime in trade by taking a holistic approach. Malign actors are present in many sectors and walks of life, and technology is crucial in curbing illegal activities.”

Nigel Hook, TradeSun CEO, said: “We are honored that Ronne is joining the Board. She brings impeccable leadership and a wealth of experience in strategy, with decades in the US Navy overseeing ships and maritime operations, as well as stopping bad actors. As TradeSun scales, Ronne will play an important part in rolling out the vision of using advanced technology to eliminate financial crime across trade, from maritime sanctions breaches to trade-based money laundering.”

Bhumish Shah joined TradeSun as CTO

In May, TradeSun appointed Bhumish Shah as Chief Technology Officer to bolster the cloud-based platform through strategic and innovative technology to support customers as they digitize their trade processes.

Based out of the firm’s India hub, the new CTO will enhance the platform that extracts and standardizes transaction data, performs multiple compliance activities in real-time, intercepts illicit activities in flight, and ensures trade documents meet international standards.

TradeSun has recently launched its Real-Time Compliance solution as financial crime risks weigh on banks and their corporate clients.

Real-Time Compliance, a core part of the TradeSun Platform, enables banks to detect and intercept illicit activities in trade instantly, taking a holistic view of financial crime prevention. It replaces the manual, siloed and retrospective approach commonly deployed in trade compliance today.

The comprehensive AI-powered solution covers sanctions screening, bill of lading tracking, trade-based money laundering, dual use goods, fair price check, anti-boycott language, and raises alerts for transactions involving high-risk industries, goods and/or jurisdictions. It seamlessly integrates leading data providers, including MarineTraffic, IHS Markit, Lloyd’s List Intelligence, and more.

With authorities warning that trade-based financial crime risks are increasing in trade and international sanctions intensifying, banks must have the tools to effectively identify and stop illicit activities, or risk further regulatory action, hefty fines, and reputational damage. Real-Time Compliance enables TradeSun customers to advance compliance processes and adhere to the strict global regulatory environment with confidence.

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