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Space-based Enforcement

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Maritime

Maritime Industry continues to present particularly challenging issues with international sanctions compliance due to the numerous parties involved in a single voyage.

Deceptive Shipping Practices

  • 1. Disabling or manipulating (AIS) to conceal port of call or voyage information
  • 2. Physically altering vessel ID number to hide identity of sanctioned vessels or vessels engaging in sanctionable activities.
  • 3. Falsifying cargo and vessel documents, especially those involving petrochemicals, petroleum, petroleum products, coal, or metals to disguise their origin.
  • 4. Ship-to-Ship (STS) Transfers used to conceal origin/destination of products.
  • 5. Voyage irregularities to disguise ultimate cargo destination or origin of cargo, including indirect routing, unscheduled detours or transit and transshipment through third countries.
  • 6. False flags and flag hopping
  • 7. Use of complex ownership or management schemes to hide beneficial owner or cargo or commodities in order to avoid sanctions.

Space- Based Enforcement

Our Space-based Enforcement offers our proprietary CATETM (Computer Assisted Threat Evaluation) technology built upon AI/ML fusion capabilities using low earth orbit satellite imagery from radar, and other sensors to ascertain all details of a vessel’s trade routes, cargo activities, control via obfuscated management. The 24/7 data and alerts are made available via a Dashboard, Data Lake and API’s.

Alerts

In addition to our data on the history of ship-owners / operators and traders (flagged), our CATETM System is able to track ships, current and future trades based on monitoring current shipping routes, trades and their deviations from historical global trading routes. We also maintain a library of potential STS (Ship to Ship) alerts.

Instant Report Generation

Space-based Compliance reports at the push of a button. Find out how your vessel or entity scores on our proprietary risk matrix allowing for faster KYC and simple compliance records preservation for audits.

Learn More

Banking

Being targeted with secondary sanctions or losing US dollar clearing license is a significant risk for banks, therefore banks involved in maritime trade must put in place systems to detect activity that could result in a breach of ever growing and complex US sanctions regulations.

It is time for banks to upgrade to military grade Space-based Compliance for due diligence and KYC that can capture information on every party involved in the maritime trade and their supply chain.

Our CATETM System maintains extensive historical trading information that can be leveraged for establishing the maritime normal relevant to a Bank client’s trading pattern. We have in excess of 500 boolean filters that allow us to retrieve data relevant to the deviations from normal.

Our technology is competitive or better than current industry offerings. Our main discriminator is the ability to task low earth orbit satellites and process/fuse Geospatial data with non-sensor and unstructured data. We deliver actionable insight at speed without lag.

Our technology can peel the AML and Sanction onion before a transaction.

We can help determine in client acquisition or sale of vessels that the client’s assets do not include blocked property

Our CATETM System is able to discern if the potential party has adverse financial activities or sanctioned counter-party that may encumber a potential sale and purchase transaction.

Commodity Traders

Commodity trading firms active in the physical and derivative commodity markets are dependent on U.S. and foreign banks for dollar-financing to fund both their physical purchases of commodities and derivatives hedge positions. Furthermore, they are responsible for ensuring the integrity of their supply chains when it comes to sanctioned goods.

Our Space-based Compliance KYC system currently has the ability to automatically screen transportation supply chains and trading counterparties for real-time report generation so those in the fast-paced commodity trading space can make an informed decision based on actionable insight from our multisensory fusion offering.