The recent OFAC advisory on maritime sanctions has detailed a new bar of expectations applicable to a wide range of organizations involved in maritime supply chain and transportation. To meet the new expectations, businesses must incorporate proactive screening measures to identify ships that display Deceptive Shipping Practices and may be involved in sanctions evasion.
In the maritime domain, however, the data used for sanction screening is extremely noisy and dynamic, resulting in numerous ‘false positives.’ This creates alerts that trigger more in-depth investigations, oftentimes wasting time, and resources unnecessarily. These false positives, if not handled properly, are prone to translate into lost business opportunities and costly operational structures. If companies examine every single red flag that appears in AIS data, and conduct a manual investigation for each case, it would require an army to sort through the noise.