Compliance in maritime

How Marcura’s specialist compliance departments help you and de-risk your business

Globally individuals and entities are added to sanctions lists on a regular basis.

These actions can be disruptive to the routine functioning of financial crime risk management programs. Best practice indicates going beyond screening names and identifiers on the sanctions list.

However, locating, validating and analysing this information can be complex and resource-intensive.

The greatest compliance challenges reported include:

1. keeping up with regulatory change
2. instilling a culture of compliance
3. increasing personal accountability

Marcura is uniquely positioned to address many of our customers’ pressing compliance concerns by leveraging our:

• scale advantages
• extensive operational experience
• access to professional advice

So Marcura has devoted substantial resources to achieve a robust compliance program and a sanctions compliance program that continuously monitors and mitigates the various risks which challenge shipping companies.

Against the backdrop of today’s difficult regulatory environment and in keeping with our commitment to foster a culture of compliance our Marcura Compliance-as-a-Service (MCaaS) Team, Anti-Financial Crime (AFC) Team and Specialist Compliance Escalation Resolution (SCERT) Team were established many years ago to help mitigate compliance-related risks.

Overseen by our dedicated Group Legal & Compliance Department with direct access to our Board of Directors, our dedicated teams have a singular goal of maintaining the necessary systems and processes to minimise its customers’ exposure to legal, financial, transactional, regulatory, and operational risks.