New Sanctions Impact Shipping Transactions Worldwide

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), with the U.S. Department of State and the U.S. Coast Guard, has issued an advisory to alert persons globally to deceptive shipping practices used by rogue states to evade sanctions.



The state of global geopolitics is ever-changing; and with increasing focus from regulators on the maritime sector, financial institutions and trading companies need to be aware of how they may be impacted by changes to the regulatory landscape. 

Pole Star, through our multi award-winning sanctions screening & monitoring solution, PurpleTRAC, are pleased to support our industry; demonstrating how we can assist you in navigating these new regulations.

To ensure trade is not inhibited, the use of regulatory technologies like PurpleTRAC will not only streamline your operations, but it will also generate reports to demonstrate trading and sanctions compliance processes to avoid penalties and ensure investors and shareholders are comfortable with your compliance policy.

Download New Sanctions Impact Shipping Transactions Worldwide White Paper




Want to learn more? Contact us.