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ACSS Reaches Out to Global Maritime Shipping Communities in Greece and Panama

August 19, 2020 By: Saskia Rietbroek, Executive Director, ACSS After the U.S. government issued its Sanctions Advisory for the Maritime Industry in May 2020 (the ‘Maritime Advisory’), with heightened compliance expectations for commercial insurance, ship owners and...

Ship Registries Agree to Information Pact To Help Avoid Sanctions Evasion

July 01, 2020 By: Natasha Bright, ACSS Reporter Jurisdictions like North Korea or Iran have long sought to evade sanctions through the maritime industry. To buy and sell commodities like oil or coal, some shipping companies manipulate identifying information...

New US Government Advisory Raises the Bar for Sanctions Compliance in relation to Ship Owners and Their Insurers

May 22, 2020 By: Saskia Rietbroek, CSS, Executive Director, ACSS With millions of dollars in potential fines in the balance, on May 15, 2020, the U.S. government released new guidance and compliance expectations for those involved in the maritime industry, energy, and...

Six Compliance Lessons for Non-Banks from Recent OFAC Enforcement Actions

April 20, 2020 By: Jack Walsh, Reporter, ACSS Recently, the Office of Foreign Assets Control, or OFAC, has heightened its focus on industries outside the financial sector. The vast majority, over 70 percent of enforcement actions announced by OFAC in 2018 and 2019...

A Tough Cop in a Bad Neighborhood: Singapore’s Sanctions Regimes, Regulatory Authorities, and Areas of Concern for International Business

March 2, 2020 By: Jack Walsh, Content Writer, ACSS From a regulatory perspective, Singapore is an intriguing case study.  On the one hand, the country is a financial and transportation hub for a region that is rife with transnational security threats. It serves as a...

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