A new statistical review has been published to help financial institutions that are increasingly expected to monitor suspicious vessel behaviour in line with regulations to combat sanctions and financial crime compliance evasion. The review based on data obtained by S&P… Read More ›
Practical challenges and recommendations for financial institutions regarding the monitoring of AIS outages and suspicious vessel activity. Executive summary The U.S. Treasury Office of Foreign Assets Control (OFAC) and the United Kingdom’s Office of Financial Sanctions Implementation (OFSI) advisories on… Read More ›
Mauritius Commercial Bank (MCB) has agreed a long-term, multi-year partnership with artificial intelligence- (AI-) focused regtech, Windward, that aims to enhance the bank’s due diligence and monitoring processes linked to its commodity trade finance business. The bank chose Windward as… Read More ›
The UK’s Office of Financial Sanctions Implementation (OFSI) has issued guidance for entities operating within the country’s maritime sector. The guidance highlights a number of illicit and suspicious shipping practices that are deployed to evade sanctions, emphasises the importance of… Read More ›