WEBINAR: PLAIN SAILING – Simplifying sanctions and AML compliance for marine insurers and brokers
The maritime industry is under constant threat from money launderers and terrorism financers attempting to use it as a platform to transport goods and materials for illicit purposes. Add-in goods coming from sanctioned countries, companies or entities, and compliance can become extremely complex for all those involved.
With such complexity, it is extremely important that all parties involved in the process of shipping take necessary steps to detect risks. Marine insurers fall into the category of those coming under increasing pressure from the regulator to understand fully who and what they are insuring.
This comes with great difficulty for marine insurers. Our complimentary webinar is to help those marine insurers and covers the following pain points:
- The difficulty of screening complex marine slips
- Understanding the risk presented by the goods that are being insured
- Keeping a concise audit trail for the entire policy