Shipping and the regulatory demands around it change daily. And this is no small matter as over 90% of global trade is carried by sea – often involving a complex web of interactions.
For due diligence and trade compliance purposes, every relevant company, person, vessel and cargo in this complex web should be continuously checked against ever-growing rules and lists of restricted parties.
For many businesses, trade compliance can be daunting and can require huge investment in human resources and technology. Even then, due to the volume of data to be screened, the scope for error and oversight is always high.
This is why Marcura launched MCaaS: to provide customers with robust screening services for export controls and sanctions compliance.