This webinar will provide an overview of the recent Global Sanctions Maritime advisory issued on May 14th by the U.S. Departments of State and the Treasury and the U.S. Coast Guard. These new expectations raise the compliance bar substantially and are relevant to financial institutions, shippers, manufacturers, commodity traders, and insurance providers.
Our panel of experts will discuss the impact of these increased obligations, including sanctions red flags and typologies contained in the report, as well as known deceptive shipping practices. It will also provide an explanation of the U.S. Government’s new compliance expectations for companies operating throughout the maritime sector and how to best meet these expectations.
Understanding these increased obligations will be critical to protecting companies from sanctions exposure, in a sector that U.S. Government officials have described as the “artery of sanctions evasion.”