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PurpleTRAC Brochure

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PurpleTRAC Brochure

  1. 1. In order to mitigate the risk of money laundering and terrorist financing, and avoid the likely criminal, reputational, and commercial damage that would occur as a result of non- compliance, many organisations with exposures to shipping and cargoes are incorporating ship tracking services into their risk management strategies. Developed to meet the needs of organisations with exposures to shipping and cargoes, Pole Star’s PurpleTRAC automates complex risk management and compliance procedures in an easy-to-use web-based solution. More than simply ship tracking, PurpleTRAC streamlines compliance, reveals ships’ current and past exposure to risk, and provides a tamper-resistant, auditable and verifiable statement of your organisation’s sanctions compliance activity. Risk management & sanctions compliance Status: OK . Company Global Sanction List check . Country Sanctions check . Port State Control history check . Ship Global Sanction List check . Ship movement history check . Key benefits • Reveal ships’ (and associated entities) exposures to sanctions and regulatory risk • Provide evidence of your sanctions compliance activities • Reveal historical trading patterns & high-risk ports of call • Significantly reduce screening time • Reclaim your team’s valuable time • Demonstrate your efforts to comply with international regulations • Protect your staff, your business and its reputation Protect your business and its reputation with PurpleTRAC, the comprehensive risk management and economic sanctions compliance solution Status: CRITICAL W Company Global Sanction List check W Country Sanctions check W Port State Control history check W Ship Global Sanction List check W Ship movement history check W
  2. 2. REPORT PurpleTRAC maintains an up-to-date record of all users’ historical and on-going activities, providing a tamper-resistant, auditable and verifiable statement of your organisation’s geopolitical risk management and sanctions compliance activity. Reveal a ship’s current and past exposure to risk with PurpleTRAC, the automated risk management and sanctions compliance solution Simply enter the details of a ship and PurpleTRAC will automatically screen it and its associates against a comprehensive range of global economic sanctions lists and Port State Control detention & deficiency lists, track its physical movements and continually monitor its exposure to risk. MONITOR PurpleTRAC actively monitors ships on a continuous or voyage-based basis. Hybrid track technology: Combines data from multiple satellite tracking services into a single coherent position track. Detection & alerts: Actively monitors the ship’s movements for key pre-defined events (e.g. approach to high-risk areas). Daily screening: Daily screening of the ship and its associates against a comprehensive set of trade compliance lists (including over 400 economic sanctions, embargoes and denied party lists). MaRisk piracy intelligence: Near real-time alerts of incidents such as piracy, terrorism, insurgency and other maritime crime around the world (optional extra). Provided in association with Risk Intelligence. SCREEN PurpleTRAC screens the ship and its associated group beneficial owner, registered owner, operator, ship manager, and technical manager against a comprehensive range of international sanctions lists: Global sanctions list: Screens the ship and its associates against a comprehensive set of trade compliance lists (including over 400 economic sanctions, embargoes and denied party lists). Country sanctions check: Checks the flag of the ship and the country of domicile, country of control and country of registration of its associated group beneficial owner, registered owner, operator, ship manager and technical manager. Flag State, Class Society, and Ship Quality Performance: Screens the ship against a range of flag, class, and Port State Control (PSC) inspection deficiency and detention databases and blacklisted ports. Current geopolitical risks: Warns you if a ship has called at a port subject to a current geopolitical threat e.g. Ebola risk countries. Ship movement history: Screens the ship’s historic movements using the last 12 months of ship movement data from AIS and port agency networks.
  3. 3. Why PurpleTRAC? Because AIS is not enough PurpleTRAC does not rely solely on AIS data. We blend both Inmarsat and AIS tracking data into a single, seamless vessel movement track. By doing this, PurpleTRAC gives you a complete picture of the ship’s movements, even when its AIS device is switched off. Learn more: polestarglobal.com/whitepaper/ais. Because we make a complex task simple PurpleTRAC aggregates screening, sanction status, compliance status and movement history data in a single and easy-to-use solution. Because we are the leading provider of ship tracking services Pole Star is the world’s leading provider of ship movement monitoring and risk management services to the maritime industry. Visit polestarglobal.com/about/ company to find out more. The powerful engine at the heart of PurpleTRAC monitors key events during a ship’s voyage, including departure from port, approach and arrival to port, approach and entry to high-risk zones. Each of these events generate an automatic notification that will be sent directly to your inbox. Zones Port 1 Port 2 Ports Departure Destination Departure/Destination PurpleTRAC actively monitors ships on a continuous or voyage-based basis. PurpleTRAC’s easy-to- use interface reveals ships’ current and past exposure to risk. Voyage Monitoring Engine
  4. 4. Features London Hong Kong Boston Panama Singapore Sydney Tel: +44 20 7313 6248 purpletrac@polestarglobal.com http://purpletrac.polestarglobal.com Copyright©PoleStar,allrightsreserved.PurpleTRACOverviewValidasof30.10.2015 Compatible browsers: For an optimal experience, use an up-to-date browser that supports HTML-5 such as: Suppliers: All trademarks are copyright of their respective owners. IE 8+ Chrome Firefox Safari Opera 15+ Daily re-screening We automatically re-screen each tracked ship (and its associates) against the full range of trade compliance lists (including 400+ sanctions, embargoes and denied party lists) on a daily basis. Trade report At the end of a voyage, download a report showing a complete chronological list of all the events that occurred on the voyage, including entering high risk zones or sanctioned areas. Instant access All of your historical ship data is accessible at the click of a button. Piracy intelligence A near real-time overview of where your tracked vessels are in relation to security threats and potential trouble. (Optional extra). Notifications . Departure Informs you that the ship has left port . Approach to port Informs you that the ship is approaching port . Arrival Informs you that the ship has arrived in port W Proximity to sanction zone Alerts you when the ship is near to a sanction zone W Entry to sanction zone Alerts you when the ship has entered a sanction zone W Ship on global sanction list Alerts you if a ship is added to a sanction list W Company on global sanction list Alerts you if the ship’s owner or manager is added to a sanction list Web-based system PurpleTRAC is a web-based application. There is no hardware or software to install. Secure logins Your PurpleTRAC account is password protected and HTTPs encrypted. Quality data The tracking data we use conforms to the standards of the International Maritime Organization (the maritime regulator). Unlimited users Create unlimited accounts for traders and managers. Interactive maps Full-screen maps with optional layers including: sanction zones, war risk zones, ports and AIS positions. Hybrid track data Combines tracking data from multiple sources (including Inmarsat-C and AIS) into a single coherent position track (whilst managing minor inconsistencies and reporting major anomalies). Risk-responsive monitoring PurpleTRAC automatically increases a ship’s reporting rate if it approaches or enters a sanction or risk zone. Cloud-based web services Our state-of-the-art, cloud-based web services ensure a secure, redundant and cost-effective infrastructure. Ship screening PurpleTRAC screens ships and their associates against a comprehensive range of trade compliance lists. SSL www

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