Ill-equipped shipping, finance and insurance businesses have found themselves navigating a maze of international enforcement that is riddled with contradictions. Compliance experts have found themselves under sharply increased demand round-the-clock, as they labour to navigate the rapidly evolving financial trade restrictions.
A new offshore logistics network is evolving to transport Russian oil and circumvent the restrictions of sanctions and expensive insurance.
Sanctions compliance is getting more complex. Learn the smart way to maximise protection and minimise risk when lending to the shipping industry.
Companies were already struggling to navigate a quagmire of sanctions compliance before Russia's invasion of Ukraine. Now the restrictions can change daily and reach across the corporate spectrum like never before.
Increasingly complex standards around sanctions compliance leave operators more exposed to penalties. Let’s look at two recent real-life cases to illustrate the growing compliance risk faced by operators.
Hear how industry professionals grappled with identifying exposure to counterparty and sanctions risk and what procedures they developed to detect increasingly sophisticated deceptive shipping practices.
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.
International shipping is under more scrutiny than ever. Here's how advanced maritime data can help ensure regulatory compliance.
This webinar looks at how many vessels are involved in deceptive activity, what the typical behaviours are and the tactics they could be using.
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 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.