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Our commitment

 

We have a comprehensive sanctions policy approved by our Board of Directors and enforced by a compliance department with direct access to the board.This policy ensures that all operations are fully compliant with international regulations and industry best practices, safeguarding the integrity of our business and the global supply chain. All procedures are conducted in collaboration with compliance and sanctions regulation experts. These partnership reinforces our commitment to due diligence, transparency, and legal excellence.

Initial check

As part of our compliance process, we conduct thorough screenings of all key stakeholders, including the customer, vessel, vessel owner, cargo, operator, and any other involved parties. If any person or entity is found to be sanctioned, the transaction will not proceed. Additionally, a detailed risk assessment is carried out for every order to ensure that all compliance standards are met.

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Post-fixture monitoring

We continuously monitor and screen all clients and suppliers on a daily basis against OFAC and EU sanctions lists to ensure ongoing compliance. Additionally, our compliance department tracks vessels and their movements, reviewing them against the current list of orders to mitigate potential risks.

Compliance tools

We use Windward to enhance our maritime compliance efforts by monitoring ship movements and behaviors in real time. Windward’s AI-powered insights help us detect potential violations, such as sanctioned ships or suspicious activity, ensuring that we mitigate risks related to maritime trade and remain compliant with international regulations

Dun & Bradstreet enables us to conduct thorough due diligence by providing reliable credit scores and risk assessments of our business partners. With D&B’s comprehensive database, we ensure compliance with regulatory standards and minimize the risk of engaging with entities involved in fraudulent or financially unstable activities.