Pole Star is pleased to have been awarded the Best Anti Fraud / Security Solutions Provider UK in the Business Technology Awards by the Global Banking & Finance Review.
The Global Banking & Finance Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the global financial community, recognising particular areas of expertise and excellence. This year, Pole Star has been recognised for our regulatory technology, PurpleTRAC, and the essential role it plays in enabling companies with exposures in maritime trade and shipping to mitigate the risk of the financial, reputational, and criminal damage associated with noncompliance.
PurpleTRAC is used by major international trade financing banks, trading companies, governments and flag administrations, maritime insurers, ship financing and leasing companies, and other members of the supply chain to automate, streamline, and record regulatory processes and prevent the risk of money laundering, terrorist financing, and breaching sanctions.
Users can screen and track vessels and their associated ownership and management in seconds, by entering only the vessel’s name or IMO number. Within 30 seconds, PurpleTRAC screens for the following:
- Ship Global Sanctions List: Screens a vessel’s IMO number against our comprehensive sanctions database
- Company Global Sanctions List: Screens a vessel’s ownership and management against our comprehensive list of sanctions, denied parties, and enforcement actions lists
- Country Sanctions List: Screens a vessel’s flag, its ownership and management, and countries of registration, domicile, and control
- Ship Movement History Check: Screens a vessel’s historic movements and trading patterns
- Port State Control Check: Screens a vessel’s entire port state control inspection history
View the full list of 2020 Global Banking & Finance Award winners here.
