Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
PurpleTRAC brochure
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. 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. 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