Sanctions Compliance Guidance for the Maritime Shipping Industry

Staying compliant with financial sanctions in the maritime sector

Compliance with financial sanctions is critical for all businesses including those in the maritime shipping sector. · Understanding your ...

U.S. Sanctions Compliance Guidance Released for the Global ...

The guidance also contains specific measures that the maritime industry and energy and metals sectors can take to tailor their sanctions ...

OFAC Sanctions Compliance Guide for Maritime Industry - Polixis

OFAC's Sanctions Guidance for the Maritime Shipping Industry ... On October 31st, 2024, the Office of Foreign Assets Control (OFAC) issued an ...

US issues sanctions guidance for international maritime operators

1. Institutionalize sanctions compliance programs · 2. Establish AIS best practices and contractual requirements · 3. Monitor ships throughout the ...

Know Your Cargo - Department of Justice

... sanctions and export ... Companies operating in the maritime and other transportation industries should be vigilant in their compliance ...

Guidance for Owners and Charterers on Sanctions Compliance ...

the shipping industry because of the international nature of shipping ... Of particular relevance to those in the maritime community is the Transport Sanctions ...

These 3 Trends Are Shaping Maritime Sanctions Compliance

The outlook for sanctions compliance in 2024 will continue as it started for the shipping industry: uncertainty over the growing number of ...

Sanctions Compliance Programmes: Where Do I Begin?

Maritime insurance companies · Flag registry managers · Port state control authorities · Shipping industry associations · Regional and global ...

Enhancing Compliance in the Maritime Shipping Industry

Adopting robust internal sanctions compliance controls including pre-transaction due diligence, ongoing screening, and internal audit and ...

UK publishes sanctions compliance guidance for the maritime industry

The Maritime Guidance identifies a number of illicit and suspicious shipping practices. OFSI encourages parties to be aware of such practices ...

What is sanctions compliance? - Windward

Sanctions' Impact on the Maritime Industry · Shipping restrictions: sanctions can prohibit or restrict the movement of ships from the sanctioned country.

OFSI refreshes its guidance for the maritime sector

However, because of its global reach, it faces unique challenges with financial sanctions. To help businesses navigate these complexities and ...

U.S. Raises Bar for Sanctions Compliance in Maritime, Energy, and ...

The Advisory highlights and provides guidance on the following categories of deceptive shipping practices, which are commonly employed to evade ...

A brief guide to sanctions in the maritime industry - MCaaS

MCaaS provides a guide to sanctions in the maritime industry as part of its latest maritime compliance report.

Enhancing Compliance in the Maritime Shipping Industry

OFAC is publishing this scenario-based guidance to aid maritime sector stakeholders in identifying certain new or common fact patterns that ...

New Sanctions Advisory Highlights Compliance Risks for Shipping ...

Both U.S. and non-U.S. commodities traders, maritime insurers, shipowners, technical and commercial managers, and shipping companies need to pay ...

USCG Advisory providing Guidance to Address Illicit Shipping and ...

2.The advisory provides sanctions risks and contains information on common deceptive shipping practices and general approaches to aid in further tailoring due ...

Guidance to Address Illicit Shipping and Sanctions Evasion Practices

sanctions evasion in the maritime industry, and to “A Framework for OFAC Compliance · Commitments,” a document provided by OFAC that provides ...

OFSI publishes financial sanctions compliance guidance for the ...

This guidance therefore aims to support individuals and entities operating in the maritime shipping sector by raising awareness of the most ...

OFAC: Sanctions Guidance for the Maritime Shipping Industry

On 31 October, OFAC issued new guidance for maritime sector stakeholders, including commodities brokers, insurers, ship management service ...