LaRA (Latona Risk Analysis System) is an intelligent platform for enhanced security risk analysis and management in the trade of goods across borders. It supports customs organizations in identifying Risk Areas, dynamically configuring Risk Profiles and Indicators, and applying appropriate measures to handle identified risks.

Risk Analysis of Any Customs Documentation

The system facilitates the process of verification the completeness of the trade chain documentation: pre-loading declarations, import declarations, commercial invoices, warehouse stock reports, etc. through the definition of specific patterns used with Artificial Intelligence module of the system. Specifically, LaRA performs risk analysis and e-screening of different types of pre-arrival documents including Advance Cargo Information, Entry Summary Declaration for all types of transport, incl. postal, express, and low-cost consignments, Arrival Notification, etc. In addition, it ensures a Post Control Analysis of commercial invoices and warehouse stock report and defines patterns to compare the pre-arrival, arrival and post-control information.

Customs Risk Analysis Compatible with UCC

Furthermore, this powerful system is fully compatible with the UCC risk management system requirements and ICS2 specifications. In addition, it provides exhaustive analytical information and takes into consideration the WCO Security Standards. Hereby, customs administrations take advantage of the most innovative risk analysis methods and models and make a step towards higher security and enhanced revenue collection.

Modules

Latona Risk Analysis System consists of several modules supporting customs authorities in competing more effectively with illicit trade and addressing the wide variety of existing and evolving threats.

Risk Profiling

Risk Profiles are developed by listing a number of Risk Rules and Indicators. The Risk Rules could be both simple and complex, and they need update and adjustment on a regular basis. The Risk Profiling module provides also Instructions for the appropriate actions to be taken in cases when a risk is identified.

Risk Assessment

The Assessment module evaluates Risk Profiles and Risk Levels, as well as the Scoring set in the system. Thus, LaRA generates a risk level assessment model and assigns scores to risk indicators while calculating the optimal division line between high and low-risk levels.

Risk Blacklisting

In this module, a register(s) of subjects of Risk Analysis is created and the system calculates periodically the performance indicators. LaRA also assesses the reliability of these subjects.

Risk Analyzer

It is the core of LaRA and matches pre-set Profiles/Rules and Indicators to real objects. As a result of the Risk Analyzer’s work, the system generates a Risk score of the analyzed object and gives appropriate instructions to address the identified risk.

Random Selection

In addition to the Risk Profiles, some objects of the Risk Analyzer are subject to random checks, which provides a fair approach for all traders.

Enhanced Risk Analysis

LaRA performs Enhanced risk analysis based on the integration with external sources such as: WCO data model; Import/export prohibitions and restrictions (e.g. CITES); National quotas for import/export; REX (Registered Exporter System); AEO (Authorized Economic Operators); MRAs (Mutual Recognition Agreement between countries); pre-arrival documents (ACI – Advance Cargo Information, ENS, etc.); Credit registers; Rating agencies; Trade associations; Statistics agencies; Commercial policy measures (e.g. IPR, GSP). Furthermore, the system performs a Post Control Risk Analysis. In addition, Latona Risk Analysis System is designed to compare, cross-check, and verify data from different supply chain documents.

Data Analytics and Executive Reporting

LaRA provides a variety of statistics and Key Performance Indicators (KPIs) through comprehensive dashboards. This ensures complete visibility and data-driven decision-making while managing risk.

Data Mining; Inductive, Deductive, and Predictive Analysis

The information and the data collected in the process of Risk Analysis, as well as the Business Intelligence functionality, are used for calculating and developing analytics algorithms and building behavioral models. They could be of great help in the improvement of Risk Assessment and Risk Profiles.