Sanctions Compliance Attention Turns to Maritime Administrations

Under the new Countering America’s Adversaries Through Sanctions Act the U.S. State Department, the U.S. Coast Guard, and the U.S. Treasury Department and it’s Office of Foreign Assets Control began to focus on key maritime trade facilitators including Maritime Administrations (Flag Registries).

 

 

Increasing focus from regulators on the maritime sector - as well as the new US Countering Americas Adversaries Through Sanctions Act - have the potential to change the regulatory landscape.  Such changes in regulatory approach should not go unnoticed and must be reviewed and understood.

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.

The PurpleTRAC system streamlines, automates and records complex compliance processes, generating a full auditable record that demonstrates best efforts to comply with these new regulations - which in turn protects your organisation, your staff and your reputation.

Download Sanctions Compliance Attention Turns to Maritime Administrations White Paper

 

 

 

Want to learn more? Contact us.