PurpleTRAC

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.

CUSTOMISABLE TECHNOLOGY

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 under 30 seconds, PurpleTRAC enables users to:

• Screen the vessels used in a transaction, their associated ownership and management, port state control history, and Bills of Lading, against sanctions and enforcement action watchlists.
• Monitor a ship’s historical, real-time, and dark activity, and be notified of high-risk points of call or suspicious behaviour indicating potentially illicit activity.
• Calculate the carbon emission output and environmental impact of a transaction.
• Generate an audit trail to demonstrate best efforts in compliance.

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.

• Global Sanctions: A list of international sanctions, denied parties, and enforcement action lists.
• Country Sanctions: A ship’s Flag and associated companies’ countries of registration domicile and control. 
• Port State Control: The ship’s entire Port State Control history.
• Ship Movement History: A ship’s historic movements, highlighting visits to high risk or sanctioned ports.

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.

Environmental degradation screening: Screen a transaction pre-trade for sustainability risk relating to any actively traded commodity using Vasanda’s unique real-time monitoring of empirical climate impact data, including deforestation, soil erosion, and fire risks.

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.

Our inclusion in the Marco Polo Network and collaboration programme enables the advancement of cross-border trade compliance, while facilitating the streamlining of maritime transactional processes and the securing of sensitive data. Our joint solutions include:

• Marine (Bunker) Fuel Financing
• Port Services Disbursement Account Financing
• Canal Transit Toll Fee Financing

Learn more about the partnership and solutions here.