Marcura’s Compliance As A Service – McaaS
For many businesses, trade compliance can be daunting and can require a huge investment in human resources and technology.
Even then, due to the volume of data to be screened, the scope for error and oversight is always high.
This is why Marcura launched MCaaS: to provide customers with robust screening services for export controls and sanctions compliance.
Solely focused on the maritime industry, MCaaS delivers restricted party screening, from single to thousands of entities daily.
It has developed an extensive database for cargo screening including routing and is also used by customers for current and historic vessel ownership chain.
MCaaS uses data cleansing, verification and enhancement for a more effective screening.
MCaaS can identify and enhance data that appears incomplete or incorrect, verify duplicate data, match HS Codes with commodity descriptions and perform ‘deep dive’ into relevant data such as B/Ls, cargo movements and vessel status.
With MCaaS, all data is screened, and therefore updated, every 24 hours.
Using a third party to deliver screening solutions at “arm’s length” can help prove to authorities that you have exerted your best efforts in strengthening your sanctions compliance program.