Beyond the horizon: Innovative approaches to sanctions risk management

In an era of unprecedented regulatory complexity, sanctions compliance has become a critical challenge for businesses engaged in global trade.

With OFAC imposing over $1.5 billion in penalties for sanctions violations in 2023 alone, the stakes have never been higher. The landscape of global trade and sanctions is rapidly evolving, demanding innovative approaches to compliance.

This webinar will offer insights and solutions to navigate these treacherous waters. Our panel of experts will discuss:

• The changing face of sanctions: Recent trends and their impact on global trade, including Russia-China oil trade dynamics
• Technological solutions: How AI and machine learning are revolutionising compliance, especially in detecting AIS spoofing and GPS jamming
• Risk assessment strategies: Identifying and mitigating potential violations, with a focus on high-risk areas like Ship-to-Ship (STS) transfers
• Efficiency in compliance: Balancing thorough vetting with operational speed in the face of complex shipping routes and Houthi activities
• The future of sanctions compliance: Preparing for emerging challenges, including the evolution of LNG and LPG' dark fleets'
• Valuable insights: How to avoid multi-million dollar fines for sanctions breaches, streamline manual vetting processes for vessels and claims, identify sophisticated sanctions evasion tactics, and more.