Compliance
AML and Sanctions Screening
Risk-based controls for parties, vessels, cargoes, payments and maritime activity.
Anti-money-laundering and sanctions controls are ongoing risk management. Applicable rules, lists and reporting duties differ by jurisdiction; obtain specialist advice for a particular transaction.
Screen the full transaction
Review legal entities, beneficial owners, signers, brokers, banks, vessels, IMO numbers where applicable, cargoes, ports and payment paths. Consider ownership and control rules, not only exact-name matches.
A result is a lead, not automatically a conclusion. Resolve potential matches using reliable identifiers and document the rationale, while escalating true or uncertain matches under the organization’s policy.
Monitor changes and red flags
Rescreen when a party, bank account, vessel flag, cargo, route or ownership changes. Unexpected third-party payments, opaque structures, unusual urgency and inconsistent explanations merit enhanced due diligence.
Do not use a checklist to bypass legal restrictions. Establish a stop-work and escalation path before an issue occurs.
Buyer checklist
- Screen parties, owners, banks, vessel and voyage data.
- Use unique identifiers to resolve possible matches.
- Assess ownership and control, not names alone.
- Rescreen material changes before release.
- Escalate uncertain or confirmed risk under policy.
Put the plan into a controlled workflow
Create a transaction to coordinate parties, documents, diligence and closing milestones, or explore the marketplace with your broker.