Maritime and Aviation: New Guidance and Pitfalls to Watch Out For

September 15, 2020 5:30pm

Catherine Muldoon
Regulatory Compliance
BDP International (USA)

Cortney O’Toole Morgan
Husch Blackwell LLP (USA)

  • OFAC’s expectations for screening the operations of every vessel you are doing business within the maritime supply chain: banks, energy traders, bunker service providers
  • What amounts to a risky transaction in relation to the purchase, acquisition, sale, transport or marketing of a product i.e. petroleum
  • How to effectively implement the risk mitigation measures via insurance, verifying cargo origin, reviewing documentation, KYC
  • Updating your compliance controls to account for specific types of vessel behaviours that are red flags seen through deceptive shipping tactics