What are the risks?
When conducting business at sea, there are a number of risks to mitigate to make for smoother sailing:
Vessels that have previously been associated with illicit activities of currently appears on a sanctions list, such as OFAC
Trade Based Money Laundering
The process where criminals use legitimate trade to disguise criminal proceeds of illicit funds, through moving illicit goods, falsifying documents, misrepresenting financial transactions, and under- or over-invoicing the value of goods
Vessels linked to either private or public interests in embargoed countries, such as Iran
Vessels that have been hijacked, stolen, leased, or bought and subsequently registered with false identity, ownership, dimensions and/or characteristics
Refinitiv offers best in class maritime data combined with market leading risk intelligence and the ability to order enhanced due diligence reports all available in one platform - World-Check One. Our Vessel Check feature can help you manage your maritime risk more effectively.
Can we help?
If you would like to speak to one of our team to learn more, complete the form. Alternatively you can call us at one of the numbers below:
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Japan: +813 6743 6515