Complinet provides shipping firms with an integrated sanction and enforcement compliance solution
Complinet, the leading provider of connected risk and compliance solutions, today announced the release of vessel data within its Global Screening product suite. Clients can quickly screen a vessel’s key information such as IMO number, group beneficial owner and current or previous names against over 147 global sanction and enforcement bodies to protect themselves against fraud, and potentially hefty fines.
"One of the key challenges in today's highly competitive shipping market is to ensure that vessels and their owners are not on any global sanction or enforcement lists. With vessel names regularly changing, and their ownership often hidden behind multiple layers of ownership, this is not a simple or straightforward task." said Chris Pilling, founder and CEO of Complinet. "By integrating vessel data with our industry leading Global Screening suite we are allowing firms to fix and nominate vessels based on all the relevant facts."
Once a vessel has been screened and approved, ensuring that it remains that way is critical. Using Complinet's screening solution; the vessel data is saved and re-checked every night. This removes the burden of manually re-screening the vessels status while it is in transit to its destination. Pilling concluded "For total peace of mind, we even include a full audit trail of all tasks that have been completed within the solution, so that if the regulator visits, there is a complete record of the firms due diligence procedures. This ensures full-compliance and reduces the risk for all our clients."