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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
Operating within a constantly evolving framework of increased regulatory control, the world of compliance in shipping is complex and costly, with non-compliance costing on average 2.65 times the cost of compliance.
Source: Tackling Compliance-Related Concerns for Shipping Companies Report 2020.

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.

Interviews with Jens Poulsen, Marcura’s Group CEO

Compliance is becoming even more important and complex in the maritime industry.

Jens explains our approach to compliance and why it’s critical for our customers that we do things by the book.

Jens describes our compliance solutions (including MCaaS) which help customers navigate regulations as they change day by day.

Also how important is it that Marcura does it by the book and why this is important to our customers.

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