Sanctions Screening

Manage regulatory and reputational risk and solve your financial crime compliance challenges with Pole Star’s complete vessel screening and tracking solution for banks and financial institutions.

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Overview

What we offer, in a nutshell

Protect your business and its reputation with the complete sanctions compliance screening and vessel monitoring solution from Pole Star.

A comprehensive sanctions compliance screening & vessel tracking solution for organisations that have exposures to shipping and cargoes and need to know (and be able to prove) who, what and where they are trading with at all times.

Benefits

Why choose Pole Star?

Developed with and for organisations with exposures to shipping and cargoes, Pole Star’s financial crime screening solution automates complex risk management and compliance procedures in an easy-to-use web-based solution.

The increasing quantity and complexity of regulations is having a significant operational impact on financial institutions’ compliance teams and processes. Technology can help solve these compliance challenges by automating time consuming manual processes and consistently applying and recording them - across regions and departments.

Pole Star’s solution combines the services a client would normally obtain from separate ship data suppliers; sanction screening databases and vessel tracking systems into one easy-to-use web-based system which generates a tamper-resistant audit trail in seconds, as a record of their compliance activity.

By alleviating the increasing compliance demands that banks and financial institutions face, we help our clients remain competitive in their market place.

Regulatory technologies (RegTech) like our sanctions screening can help organisations to automate compliance procedures, streamline complex and time consuming procedures and ensure that due diligence and compliance are executed consistently across multiple teams or regions.

It is crucial for institutions to have robust and effective controls in place to manage their regulatory and reputational risks. Protect your business and its reputation with the comprehensive risk management and sanctions compliance solution from Pole Star.

Features

Find out what we can do for you

  • Screening results in 30 seconds

    Screening results in 30 seconds

    Screen a ship and its associated group beneficial owner, registered owner, operator, ship manager, and technical manager against a comprehensive range of international sanctions lists in less than 30 seconds.

  • Easy to understand results

    Easy to understand results

    Clear and easy to understand screening results delivered in seconds means you can make your business critical decisions faster.

  • Online and on-demand

    Online and on-demand

    Screening is available 24/7 whenever you need it via the web-based application. Log in from any compatible browser. There is no hardware or software to install.

  • Complete audit trail

    Complete audit trail

    Maintains an up-to-date record of all users’ historical and on-going activities, providing a tamper-resistant, auditable and verifiable statement of your organisation’s due diligence and compliance activities.

  • Unlimited secure logins

    Unlimited secure logins

    The web-based applications is password protected and HTTPs encrypted. Create unlimited logins for traders, managers and compliance officers.

Pole Star are proud winners of the 2016/17 MAS FinTech Award for innovation in regulatory technologies.

Screening

Automated, multi-layer screening

Screens ships and their associates (associated group beneficial owner, registered owner, operator, ship manager and technical manager) against a comprehensive set of trade compliance lists (including over 400 economic sanctions, embargoes and denied party lists) to reveal their current and historic sanctioned status.

  • Screens ships and their associated entities against a comprehensive set of trade compliance lists
  • Includes over 400 economic sanctions, embargoes and denied party lists
  • Checks current and historical sanctioned status
  • Clear and concise results
  • Easy to understand ‘traffic light’ icons highlight severity of the result
  • Customise the severity of results based on your business’s definitions

The next layer of screening checks the flag of a ship and whether its associated group beneficial owner, registered owner, operator, ship manager or technical manager are domiciled, controlled, or registered in a sanctioned country.

  • Identifies which country's flag the vessel operates under
  • Checks whether ship’s associated entities are domiciled, controlled, or registered in a sanctioned country
  • Easy to understand ‘traffic light’ icons highlight severity of the result
  • Customise the severity of results based on your business’s definitions

Screens up to 12 months of historic ship movement data to reveal whether the ship has called at the port of a sanctioned country, or any other country you define.

  • Checks up to 12 months of ship movement data (customisable)
  • High-quality AIS data
  • Reveals whether a ship has called at the port of a sanctioned country
  • Define the countries you want to return ‘critical’ or ‘warning’ results

Screens the ship against a range of class and Port State Control (PSC) inspection deficiency and detention databases and blacklisted ports. Customise the severity of results based on your business’s definitions.

Finally, the systems will warn you if a ship has called at a port subject to a current geopolitical threat e.g. Ebola risk countries.

Download the full brochure

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Manage regulatory and reputational risk and solve your financial crime compliance challenges with Pole Star.

Request trial

Request a trial

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