Maritime compliance | Vessel, cargo and third-party screening

BRAND NEW: Maritime Compliance eBook

Sanctions are not a “one size fits all” measure to change behaviour, they vary situationally, geographically and politically amongst a range of other factors.

An awareness and understanding of sanctions compliance is critical to ensure that business practices are compliant with the constantly evolving changes.

Check out our eBook to find out what Operations and Compliance teams need to know about the rapidly evolving maritime sanctions landscape, and how to mitigate compliance risks while increasing cost-efficiency.

Download the eBook

What is MCaaS?

Maritime Compliance as a Service (MCaaS) is a leading, customisable, one-stop-shop, offering bank-grade compliance solutions that combine technology, data governance, and operational excellence.

What MCaaS offers:

Data management and governance
Document management
Evidence compliance
Risk and rule-based due diligence – customisable as per your sanctions compliance program (SCP)
Baseline to enhanced due diligence checks – including counterparties’ counterparties (KYCC)

By leveraging Marcura’s decades of expertise, we reduce the burden of due diligence for compliance teams. The result is a specialised managed service that enables maritime companies to reduce their risks.

Making compliance easier and more cost-effective, while minimising data issues!

How MCaaS makes compliance easier

MCaaS CORE is our easy-to-use self-serve platform designed to reduce the burden of compliance and turnaround time by automating the compliance process.

It offers both individual and continuous screening, alongside hit/alert detail notifications for any data/screening changes.

The dashboard has built-in reporting functionality to help you manage requests for due diligence and visualise data changes for periodic review.

MCaaS is a key part of the Marcura Group

We have 650+ customers in over 53 countries

$10bn
Payments made per year

200,000
Port calls per year

650+
Customers

728
Global team members

2001
Established

Marcura Group website

Maritime compliance issues – the need for MCaaS

Trade compliance and sanctions can be daunting. Global regulations are a rapidly changing landscape that are often misaligned and conflicting. This often requires huge investments in human resources, technology, and data.

Enormous data volumes usually means additional workload, and increased opportunities for error and oversight. It’s an expensive process to examine massive quantities efficiently in a short period of time.

High-quality data is difficult to access, and cleaning and validating data is time-consuming. Modern maritime businesses need access to high quality data rapidly to ensure they’re making informed and cost-effective decisions.

A lack of fit-for-purpose platforms means compliance teams are forced to jump between multiple services, pages, and providers. This increases the risk of human error as users become fatigued with complicated systems.

All these pain points cause needlessly long, complex, and frustrating compliance checks. Fortunately, MCaaS has the solution!

The MCaaS benefits

Mitigate risk – we extract, clean, enhance, and validate all data on your counterparties, commodities, and vessels to help eliminate false positives and errors before screening.

Better cost-efficiency – no start-up fees, minimum monthly fees, or volume commitments means you’re only paying for what you use, all while reducing the cost of working hours and high-cost in-house experts.

Reduce hassle – our dedicated team of specialists screen daily, to give you in-depth reports at the touch of a button. Save time and leave it all to us!

Arms-length solutions – our reports are designed purely to empower you in decision making by giving you the facts, not to sway your opinion one way or the other. You choose what you want, and that’s all you’ll see.

An end-to-end platform – you get an easy-to-use platform that offers a single source for everything you’ll need; so no more switching services and confusing compliance checks!

Read the MCaaS flyer

Screening no longer takes time, resources and specialist attention

Cleanse and enhance your data

MCaaS verifies data prior to screening by checking spellings, abbreviations, locations and aliases (for instance, your counterparty may be using a trading name). In doing so, MCaaS can minimize false positives and reduce the risk of failing to screen a sanctioned entity altogether.

Check commodity classifications and routes

MCaaS checks the routes and hidden “in transit” data. MCaaS can work with customers to optimize a process for second-level validation and screening.

Screen today, tomorrow and next week

Though counterparties may have been screened when they were originally entered into your system, because addresses, ownerships and other details can change, they need to be kept up-to-date. MCaaS re-screen your counterparties and white-listed cargoes every 24 hours.

Strengthen your compliance program’s credibility

Using a third party to deliver screening solutions at “arm’s length” can help prove to authorities that you have exerted your best efforts in strengthening your sanctions compliance program.

Third-party screening

MCaaS can conduct single and batch screenings and maintain customer-specific whitelists to produce a personalised experience that meets your compliance needs. Our due diligence reports provide details on owners, business associates, and trading profiles.

MCaaS screens against the lists of the US, UN, EU and other countries, as well as our customers’ internal watchlists.

The cusomised services currently being delivered include:

Screening suppliers, beneficiaries and other counterparties for port calls and bookings
Individual and batch screenings of supplier and agent information against sanctions lists and customer master data
Sanctions screening of crew and personnel for ship managers
Vessel ownership and counterparty screening for pre-fixture chartering
Data enhancement and checking
Baseline and enhanced due diligence
Individual and batch screening against:
- Major sanctions lists
- Country-specific watch lists
- Customised organisation lists

Find out more

Cargo screening

MCaaS developed an extensive database and an enhanced validation process for trade compliance. This means MCaaS can screen against a range of restrictions lists and customer-specific watchlists, which are regularly updated.

When screening cargo descriptions, MCaaS uses the HS code and other identifiers (like the CAS Number, TARIC code, etc.), in addition to the UN/LOCODE which is used to check the routes.

Through its processes, MCaaS is able to extract unstructured commodity descriptions and data from booking files, flag missing or incorrect HS codes, and match commodity descriptions with the proper HS codes. MCaaS can act as your extended Trade Compliance Team and handle second-level screening by gathering necessary documentation to clear flagged items.

MCaaS is designed for shipping companies – both liner and bulk – and has the scaling capacity to handle large volumes.

Data enhancement and validation
Extensive database for export control
Single and batch screening against:
- Major trade control lists
- Country-specific trade control lists
- Customised lists to fit your needs

Find out more

Vessel screening

The risks and complexities of global maritime shipping require that due diligence be conducted on vessels.

A vessel that is owned, controlled or operated by a sanctioned party or one that has been identified as engaging in illicit activity can bring with it exposure to criminal liability, potential fines and reputational damage.

MCaaS customers use our services to verify the flag, recent history of vessel movement or ports visited, and current and historic ownership of vessels. MCaaS also screens the vessel name, IMO number, and parties associated with the vessel against sanctions and other regulatory watchlists.

Data enhancement and validation
Sanction checks of:
- Vessel name, flag, and IMO number
- Owners and associated parties
Vessel movement and dark period (AIS-related) history

Find out more

Trade Compliance in
Shipping & Logistics

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.

Export controls and sanctions compliance as a managed service

We deliver sanctions compliance as a manned back office service to our customers, supporting their in-house compliance team. We combine shipping knowledge with a focused specialisation in sanctions compliance and utilise shipping-related data and applications in addition to regulatory-specific tools.

With MCaaS, you have a dedicated team focused on helping you reduce the administrative burden related to export controls and sanctions compliance for commodities, counterparties and vessels.

MCaaS services include a range of combination screenings, data and tools to reduce your overall risk.

The MCaaS difference

MCaaS can tailor its services according to the needs of the customer. All screenings are delivered according to customer-specific guidelines and instructions and within agreed auditable SLAs.

Data collection

MCaaS’ data collection process is robust, drawing from multiple sources (such as contacting counterparties and open domains). The data is managed with technical disciplines that ensure you have correct, accurate data as and when you need it, and mitigating the risk of human error through a distinct, layered approach:

The stewardship data layer
The dynamic data layer
The persistent data layer

The MCaaS difference explored

Data cleansing

MCaaS can identify and enhance data that appears incomplete or incorrect (due to, for instance, the use of abbreviations or missing HS code, etc.).

Data screening

MCaaS can perform manual and automated screening of cleansed data, including matching HS code to commodity description data, verifying duplicate names, matching names with physical address or legal entities, and checking ‘in transit to’ or ‘on behalf of’ details.

Data enhancement

MCaaS enhances data to allow for a more effective screening. For instance, MCaaS can validate the legal entity, where possible, before checking the HS code against the commodity description. MCaaS can also perform a ‘deep dive’ into relevant data like bills of ladings, supplier/customer lists, cargo movements and vessel status.

Read the MCaaS flyer

Vessel, cargo and third-
party screening –
maritime compliance
specialists

Our Maritime Compliance as a Service
solution offers a range of
due diligence, export control,
and sanction compliance checks

BRAND NEW: Maritime Compliance eBook

What is MCaaS?

What MCaaS offers:

How MCaaS makes compliance easier

MCaaS is a key part of the Marcura Group

Maritime compliance issues – the need for MCaaS

The MCaaS benefits

Screening no longer takes time, resources and specialist attention

Cleanse and enhance your data

Check commodity classifications and routes

Screen today, tomorrow and next week

Strengthen your compliance program’s credibility

Third-party screening

The cusomised services currently being delivered include:

Cargo screening

MCaaS is designed for shipping companies – both liner and bulk – and has the scaling capacity to handle large volumes.

Vessel screening

Trade Compliance in
Shipping & Logistics

Export controls and sanctions compliance as a managed service

The MCaaS difference

Data collection

Data cleansing

Data screening

Data enhancement

Get a personalised demo or free trial

Quick Links

Contact

Customer Service and support

REQUEST YOUR DEMO

Free Trial

Vessel, cargo and third-party screening – maritime compliancespecialists

Our Maritime Compliance as a Service solution offers a range ofdue diligence, export control, and sanction compliance checks

BRAND NEW: Maritime Compliance eBook

What is MCaaS?

What MCaaS offers:

How MCaaS makes compliance easier

MCaaS is a key part of the Marcura Group

Maritime compliance issues – the need for MCaaS

The MCaaS benefits

Screening no longer takes time, resources and specialist attention

Cleanse and enhance your data

Check commodity classifications and routes

Screen today, tomorrow and next week

Strengthen your compliance program’s credibility

Third-party screening

The cusomised services currently being delivered include:

Cargo screening

MCaaS is designed for shipping companies – both liner and bulk – and has the scaling capacity to handle large volumes.

Vessel screening

Trade Compliance in Shipping & Logistics

Export controls and sanctions compliance as a managed service

The MCaaS difference

Data collection

Data cleansing

Data screening

Data enhancement

Get a personalised demo or free trial

Quick Links

Contact

Customer Service and support

Vessel, cargo and third-
party screening –
maritime compliance
specialists

Our Maritime Compliance as a Service
solution offers a range of
due diligence, export control,
and sanction compliance checks

Trade Compliance in
Shipping & Logistics