International shipping is under more scrutiny than ever. Here's how advanced maritime data can help ensure regulatory compliance.
Learn how our COACT framework delivers accurate and reliable maritime data to enable intelligent compliance risk management, monitoring of maritime trade and smarter commercial strategy.
Official sanctions lists such as OFAC establish a firm red line against the highest risk vessels, flag states, owners, and operators. Any legitimate organisation that does business with these blacklisted vessels or entities – knowingly or unknowingly – could suffer financially or reputationally.
The movement of illicit cargo across water is increasingly difficult to pinpoint. Tactics used by owners and operators to conceal the transport and exchange of materials that are sanctioned are evolving and becoming increasingly sophisticated.
The key to success in identifying maritime compliance risk is being able to understand and rate patterns of high-risk behaviour and activity as quickly as possible. Ideally, to do so as soon as the activity emerges and before it reaches alarming levels.