OFAC (Office of Foreign Assets Control) Advisories

What is Risk Mitigation? Risk mitigation refers to the process of identifying, assessing, and prioritizing risks, followed by the application of resources to minimize, control, or eliminate the impact of those risks on an organization. The goal of risk mitigation is to reduce the probability of a risk event occurring and to minimize negative consequences...

What is Vessel Screening?  Vessel screening is the process of evaluating ships to ensure compliance with international, national, and local regulations, as well as to assess potential risks. This involves examining factors such as the vessel’s history, flag state, ownership, crew, cargo, and voyage details. Vessel screening helps identify threats, prevent illegal activities, and ensure...

What is Risk Management? Risk management is the process of identifying, assessing, and prioritizing risks that could potentially affect an organization or business. It involves analyzing potential events or conditions that might harm or disrupt operations, and then implementing strategies to minimize, control, or eliminate those risks. The key steps in risk management typically include:...

What is Organization Defined Risk (ODR)?  Organization Defined Risk (also known as “ODR”) from Windward sets a new standard for maritime risk management as the first fully configurable risk type. Organizations can now independently define and configure behavioral indicators that fit their unique business, mission and risk requirements, and apply them across behavioral and list...

What is AIS Spoofing? AIS spoofing involves the deliberate manipulation of automatic identification system (AIS) data to deceive maritime vessels, or monitoring systems. Spoofers can create misleading or dangerous situations by broadcasting false information, such as altering a vessel’s identity, position, or speed.  Bad actors have become more sophisticated in recent years and have developed...