Menu Home

FinCEN issues supplemental Human Trafficking Advisory

FinCEN Issues Supplemental Advisory on Identifying and Reporting Human Trafficking and Related Activity The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to help financial institutions identify and report human trafficking. It is imperative that financial institutions enable their detection and reporting of suspicious transactions by becoming aware of […]

OFAC issues DPRK missile procurement advisory

North Korea Ballistic Missile Procurement Advisory Release date 09/01/2020 Body The United States is issuing an advisory to alert industry worldwide to North Korea’s ballistic missile procurement activities.  This advisory identifies key North Korean procurement entities and deceptive techniques employed by North Korean proliferators and procurement networks, provides an overview of U.S. […]

OFSI publishes its own maritime shipping advisory

Maritime guidance published OFSI has today published new guidance for the maritime sector. It provides financial sanctions guidance for entities and individuals which operate in, or with, the maritime shipping sector, especially those involved in areas that may be subject to UK financial sanctions restrictions. This should be considered supplementary […]

US issues Xinjiang Supply Chain Business Advisory

From OFAC: Publication of Xinjiang Supply Chain Business Advisory 7/1/2020 On July 1, the U.S. Departments of State, Commerce, Homeland Security, and Treasury issued an advisoryon the risks for businesses with potential exposure in their supply chain to entities engaged in human rights abuses in the Xinjiang Uyghur Autonomous Region (Xinjiang) . […]

US Shipping Advisory: Guidance for Crewing Companies

Guidance for Crewing CompaniesCrewing companies may wish to consider implementing the following due diligence practices to the extent they deem such practices appropriate and helpful in assessing and mitigating sanctions risks. Being aware of, and ensuring your crewmembers are aware of, the IMO circulated guidance in relation to illicit shipping […]

US Shipping Advisory: Guidance for Vessel Captains

Guidance for Vessel CaptainsSeafarers may wish to consider implementing the following due diligence practices to the extent they deem such practices appropriate and helpful in assessing and mitigating sanctions risks. Understanding, and ensuring your deck officers are aware of, the IMO required AIS regulations, which include consistently broadcasting AIS transmissions […]