At the 17th Annual Capital Link Shipping & Marine Services Forum, held during London International Shipping Week, Windward’s Co-Founder and CEO, Ami Daniel, issued a striking forecast: “In the next 12 to 18 months, you’ll see generative AI change how people analyze and make decisions. In my view, everybody will be a PhD-level analyst with...
For ocean freight forwarders, tariffs are not abstract policy tools. Every new duty or exemption can disrupt sailing schedules, alter customer demand, and reshape contract economics. In recent months, tariff changes have even led shippers to cancel or postpone shipments, demand contract renegotiations, and rethink their long-term relationships with logistics partners. With margins already razor-thin,...
Know Your Vessel – Case studies in steering clear of sanctions evasion
What’s inside?
Global trade financing is an increasingly complex task for financial institutions, especially when vessels are involved. Many authorities now expect financial institutions to implement sophisticated controls when it comes to shipping. These include screening and monitoring for potential sanctions violations, trade-based money laundering, and other high-risk transactions.
Recently, the U.S. Office of Foreign Assets Control (OFAC) put out a new advisory describing common deceptive shipping practices. It also recommends a list of due diligence procedures for organizations across the maritime ecosystem to implement.
Given the large volume of transactions and the need for timely processing of transactions, it is not feasible to complete Enhanced Due Diligence (EDD) on every transaction. Financial institutions must rely on a risk-based approach to protect themselves and keep their business on track.
Know Your Vessel: Case Studies in Steering Clear of Sanctions Evasion examines two public examples where standard screening tools failed to identify red flags associated with a vessel involved in a transaction and reviews the resulting risks to the transaction parties.
It goes on to explain how a Know Your Vessel (KYV) process such as considering the vessels’ prior behavior would have flagged the transaction. It ends by describing how KYV can be incorporated into the transaction screening process.
Â
Featured posts
Data & AI Tech
Generative AI Will Reshape Shipping Within 18 Months
At the 17th Annual Capital Link Shipping & Marine Services Forum, held during London International Shipping Week, Windward’s Co-Founder and CEO, Ami Daniel, issued a striking forecast: “In the next 12 to 18 months, you’ll see generative AI change how people analyze and make decisions. In my view, everybody will be a PhD-level analyst with…
Tariffs at Sea: What Freight Forwarders Need to Know
For ocean freight forwarders, tariffs are not abstract policy tools. Every new duty or exemption can disrupt sailing schedules, alter customer demand, and reshape contract economics. In recent months, tariff changes have even led shippers to cancel or postpone shipments, demand contract renegotiations, and rethink their long-term relationships with logistics partners. With margins already razor-thin,…
Artificial Intelligence, Decarbonization and the Dark Fleet Dominate LISW25 Agenda
London International Shipping Week 2025 captured the industry at a crossroads. More than 30,000 delegates gathered across hundreds of events, confronting a sector caught between technology’s promise, climate ambition, and the hard edge of geopolitics. Three themes dominated the week: artificial intelligence, decarbonization, and the rise of the dark fleet. But the common thread was…
Windward Launches WhatsApp Integration for Instant Risk Insights
At a Glance Redefining Vessel Screening for a Real-Time World In global trade and shipping, decisions are rarely made from behind a desk. A call from port control, a sudden request from a counterpart, or a time-sensitive deal can trigger the need for immediate screening. Whether it’s a compliance check to prevent sanctions breaches or…
The Digitalization Paradox: How Gen AI Is Fueling Tariff Fraud and How to Fight Back
At a Glance The New Face of Tariff Evasion Tariffs have long been both a weapon and a weakness of American economic policy. They dictate trade flows, shield domestic industries, and generate revenue. Yet they are also magnets for fraud. The more complex the tariff regime, the greater the incentive to cheat. The rise of…
Comoros Dark Fleet Purge Sees More Than 60 Tankers Listed as False Flagged
The government of Comoros has begun a clean-out of its international flag registry which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and Venezuelan oil. There are now 62 tankers, three liquefied petroleum gas carriers and one tug declared as falsely flying the Comoros flag, according to the EU’s Equasis database. Ships…
