Maritime analytics provider Windward has announced the launch of a service which it said would help organizations across the maritime ecosystem reduce their sanctions risk, and meet regulatory expectations for vessel behavioural analysis, while freeing up compliance resources.
Ami Daniel, CEO of Windward, said that “regulators now expect organizations to apply in-depth behavioural analysis to screen for suspected sanctions evasion. But to do this manually – and in a timely fashion so that business can continue – is almost impossible without significantly increasing compliance resources and costs. Organizations of all sizes find this tough, but for businesses without dedicated sanctions compliance departments, it’s especially challenging.”
He said that the new service from Windward provided ongoing screening and timely analysis of high-risk activities. Organizations with this information can feel safe and keep their business on track.