The maritime sanction compliance advisories published by the United Nations Security Council Panel of Experts for North Korea, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) in May 2020 and the UKs Office of Financial Sanctions Implementation (OFSI) in July 2020, have all added to the growing burden on vessel screening by …
The post As Illicit Shipping Becomes More Prevalent, How Banks Can Best Respond first appeared on Hellenic Shipping News Worldwide.
Author: Capt....