Sanctions: Dark Activity and Maritime Monitoring
With around 90% of global trade believed to involve seaborne transportation, OFAC says it is "critical" firms increase the level of due diligence carried out across their entire maritime supply chains to minimise the risk of exposure to illicit activity. However Trade Finance alone generates vast numbers of documents that need to be scanned, investigated and screened for potential red flags.
How can we solve this?
Online
Course
2021
1
Free
A few more words about this course
- ship-to-ship transfers – where cargo is moved from one vessel to another at sea, a technique it says is "frequently used to evade sanctions"
- voyage irregularities, tampering with vessel identification measures, and
- manipulating location transmissions.
- Whether existing systems and screening we are using provides the level of detail we need?
- How well do we understand ship's movements, its history, trading patterns and reporting, and identify potential ship-to-ship transfers in high risk locations?
- Is tracking vessels enough?
- How are we conducting due diligence on our clients and who they do business with?
- How are we reviewing shipping documentation?
Speakers
Omer Eilat
Arne Graeber
Kelvin Toh
Oonagh van den Berg
Partners