STREAMLINED REGULATORY PROCESSES
Designed with industry experts, our regulatory technology solution, PurpleTRAC, enables the automation, streamlining, and recording of compliance processes.
IN-DEPTH TRANSACTION INFORMATION
Regulatory risk can be associated with all aspects of a trade transaction, including the buyers, sellers, cities, ports, goods, and vessels involved in the shipping process.
With best-in-class data configured to individual risk parameters, PurpleTRAC utilises our patented persistent tracking technology for an accurate picture of maritime trade exposure within an easy-to-use, web-based solution with API and DLT compatibility.
In seconds, PurpleTRAC enables users to:
Pole Star are an important partner as Gunvor works to continuously strengthen and refine our compliance controls amidst increasingly complex political realms.
Oliver Haynes Director of Compliance, Gunvor Group
...using the PurpleTRAC system and with support from Pole Star, our Compliance Officers can assess the movement of goods faster and more easily. They can therefore make quicker decisions, minimising the bank's and our customer's risk of breaching international sanctions.
Madalina Titiriga Head of Compliance, First Bank
Screen a vessel, its associated ownership, and management against sanctions, proprietary, enforcement action, and other official lists using best-in-class data from our alliance partners, Dow Jones Risk and Compliance.
Continuously monitor vessel activity:
Detection & Alerts: Notifications for high risk activity, e.g. entry to blacklisted port.
Hybrid Track Technology: A single trail combining AIS and Inmarsat position data.
Customisable features: Bespoke screening parameters, e.g. country/port blacklists.
Conduct detailed investigations:
Bill of Lading Verification: By simply entering the bill of lading number of a container shipment, confirm whether it is a recognised, legitimate asset within the database of container lines currently supported, and receive a list of all vessels, ports, and container lines involved in the BL delivery.
Dark Activity/Ship-to-ship transfer risk: Investigate periods of AIS non-reporting to locate a vessel in relation to high-risk transshipment areas and regulatory zones.
Enhanced vessel intelligence: Monitor vessels suspected of illicit activity, by performing further analysis on non-reporting gaps for full visibility of your marine assets and logistics using our Maritime Domain Awareness linkout.
With 90% of world trade travelling by sea, shipping is the backbone of our fossil-fuelled global trade mechanism.
Carbon scoring: Screen a vessel against environmental regulations using CarbonChain’s emissions calculations and greenhouse gas emissions data to receive a vessel’ environmental impact rating in comparison to its competitors in a downloadable report.
Regulatory changes occur every 0
% of world trade travelling by sea 0
Dow Jones’ RiskCenter Trade Compliance allows users to conduct routine checks on key aspects of a transaction to ensure compliance with sanctions and dual-use goods regulations. Trade Compliance now includes access to PurpleTRAC for a more complete view of regulatory risks faced by organisations with exposures in maritime trade.