In “Trump Administration Issues Global Maritime Advisory on Sanctions, With Industry Input” (Reuters, 14 May 2020), Eric Lorber, vice president at K2 Intelligence Financial Integrity Network (FIN), discusses what a recent advisory from the State Department, OFAC, and U.S. Coast Guard means for the maritime industry. According to Eric, “While framed as nonbinding guidance, the message that U.S. authorities are sending is clear: companies in the maritime sector need to significantly increase their compliance postures to avoid running afoul of U.S. sanctions.”
K2 Intelligence FIN works with financial institutions, multinational corporations, and shipping and manufacturing companies on their most complex sanctions-related issues. Whether helping a global shipping company manage its sanctions risks when selling and shipping products to a country subject to limited U.S. sanctions, assisting an interbank broker dealer to mitigate sanctions risk arising from transactions involving debt on secondary markets, or helping a financial institution strengthen its sanctions compliance program, K2 Intelligence FIN’s professionals bring a unique perspective to each situation. Learn more.
Read more in Reuters or The New York Times.