Compliance services have been a central part of the Marcura Group for 21 years
53
60-strong
Compliance team
650+
Customers
800+
Global team members
2001
Established
How we make your life easier
1. Trade compliance and sanctions are rapidly changing and are often misaligned and conflicting.
2. Enormous data volumes means additional workload and increased opportunities for error and oversight.
3. High-quality data is difficult to access, and cleaning and validating data is time-consuming.
4. A lack of fit-for-purpose platforms means compliance teams are forced to jump between multiple services, pages, and providers.
With our bank-grade compliance solutions, we manage all of this for you.
Read the Maritime Compliance report in association with Thetius
Inside the MCaaS Compliance report in partnership with Thetius, you’ll discover:
- The impact of sanctions and compliance in the maritime industry
- How the maritime landscape of sanctions and compliance is becoming more complex
- How Operations Directors can reduce the burden of sanctions compliance
MACN and Marcura launch 3 Sea Diligence – a new third party risk management platform
The Maritime Anti-Corruption Network (MACN) and Marcura are pleased to announce the launch of a new third party risk management platform.
The platform – 3 Sea Diligence – provides MACN members with access to third party due diligence and Know Your Counterparty (KYC) tools, enabling companies to implement comprehensive anti-corruption and anti-financial crime compliance programmes.
Maritime Compliance as a Service
We offer bank-grade compliance solutions that combine technology, data governance, and operational excellence, including:
- Data management and governance
- Document management
- Evidence compliance
- Risk and rule-based due diligence – customisable as per your sanctions compliance program (SCP)
- Baseline to enhanced due diligence checks – including counterparties’ counterparties (KYCC)
Plus even more visibility with MCaaS CORE
MCaaS CORE is our easy-to-use self-serve platform designed to reduce the burden of compliance and turnaround time by automating the compliance process.
It offers both individual and continuous screening, alongside hit/alert detail notifications for any data/screening changes.
The dashboard has built-in reporting functionality to help you manage requests for due diligence and visualise data changes for periodic review.
Cargo screening
MCaaS developed an extensive database and an enhanced validation process for trade compliance. This means MCaaS can screen against a range of restrictions lists and customer-specific watchlists, which are regularly updated.
When screening cargo descriptions, MCaaS uses the HS code and other identifiers (like the CAS Number, TARIC code, etc.), in addition to the UN/LOCODE which is used to check the routes.
Through its processes, MCaaS is able to extract unstructured commodity descriptions and data from booking files, flag missing or incorrect HS codes, and match commodity descriptions with the proper HS codes. MCaaS can act as your extended Trade Compliance Team and handle second-level screening by gathering necessary documentation to clear flagged items.
MCaaS is designed for shipping companies – both liner and bulk – and has the scaling capacity to handle large volumes.
- Data enhancement and validation
- Extensive database for export control
- Single and batch screening against: major trade control lists, country-specific trade control lists and customised lists to fit your needs
Third-party screening
MCaaS can conduct single and batch screenings and maintain customer-specific whitelists to produce a personalised experience that meets your compliance needs. Our due diligence reports provide details on owners, business associates, and trading profiles.
MCaaS screens against the lists of the US, UN, EU and other countries, as well as our customers’ internal watchlists.
The cusomised services currently being delivered include:
- Screening suppliers, beneficiaries and other counterparties for port calls and bookings
- Individual and batch screenings of supplier and agent information against sanctions lists and customer master data
- Sanctions screening of crew and personnel for ship managers
- Vessel ownership and counterparty screening for pre-fixture chartering
- Data enhancement and checking
- Baseline and enhanced due diligence
- Individual and batch screening against: major sanctions lists, country-specific watch lists and customised organisation lists
Vessel screening
The risks and complexities of global maritime shipping require that due diligence be conducted on vessels.
A vessel that is owned, controlled or operated by a sanctioned party or one that has been identified as engaging in illicit activity can bring with it exposure to criminal liability, potential fines and reputational damage.
MCaaS customers use our services to verify the flag, recent history of vessel movement or ports visited, and current and historic ownership of vessels. MCaaS also screens the vessel name, IMO number, and parties associated with the vessel against sanctions and other regulatory watchlists.
- Data enhancement and validation
- Sanction checks of: vessel name, flag, IMO number, owners and associated parties
- Vessel movement and dark period (AIS-related) history
The benefits our compliance solution brings you
Mitigate risk – we extract, clean, enhance, and validate all data on your counterparties, commodities, and vessels to help eliminate false positives and errors before screening.
Better cost-efficiency – no start-up fees, minimum monthly fees, or volume commitments means you’re only paying for what you use, all while reducing the cost of working hours and high-cost in-house experts.
Reduce hassle – our dedicated team of specialists screen daily, to give you in-depth reports at the touch of a button. Save time and leave it all to us!
Arms-length solutions – our reports are designed purely to empower you in decision making by giving you the facts, not to sway your opinion one way or the other. You choose what you want, and that’s all you’ll see.
An end-to-end platform – you get an easy-to-use platform that offers a single source for everything you’ll need; so no more switching services and confusing compliance checks!
CEO Jens talks about the importance of our maritime compliance solutions to customers
Marcura’s CEO Jens Poulsen describes our compliance solutions (including MCaaS) which help customers navigate regulations as they change day by day.
Also how important is it that Marcura does it by the book and why this is so important to our customers.
Export controls and sanctions compliance as a managed service
We deliver sanctions compliance as a manned back office service to our customers, supporting their in-house compliance team. We combine shipping knowledge with a focused specialisation in sanctions compliance and utilise shipping-related data and applications in addition to regulatory-specific tools.
With MCaaS, you have a dedicated team focused on helping you reduce the administrative burden related to export controls and sanctions compliance for commodities, counterparties and vessels.
MCaaS services include a range of combination screenings, data and tools to reduce your overall risk.
The MCaaS difference
MCaaS can tailor its services according to the needs of the customer. All screenings are delivered according to customer-specific guidelines and instructions and within agreed auditable SLAs.
Data collection
MCaaS’ data collection process is robust, drawing from multiple sources (such as contacting counterparties and open domains). The data is managed with technical disciplines that ensure you have correct, accurate data as and when you need it, and mitigating the risk of human error through a distinct, layered approach:
- The stewardship data layer
- The dynamic data layer
- The persistent data layer
Data cleansing
MCaaS can identify and enhance data that appears incomplete or incorrect (due to, for instance, the use of abbreviations or missing HS code, etc.).
Data screening
MCaaS can perform manual and automated screening of cleansed data, including matching HS code to commodity description data, verifying duplicate names, matching names with physical address or legal entities, and checking ‘in transit to’ or ‘on behalf of’ details.
Data enhancement
MCaaS enhances data to allow for a more effective screening. For instance, MCaaS can validate the legal entity, where possible, before checking the HS code against the commodity description. MCaaS can also perform a ‘deep dive’ into relevant data like bills of ladings, supplier/customer lists, cargo movements and vessel status.
Get a personalised demo or free trial
Hi there 👋
My name is Martin Galabov and I’m in the Business Development Team at MCaaS.
The team do lots of demos and initial conversations every year.
We’d love to give you a personal demo of MCaaS.
If you’d like an initial chat with a solutions specialist then please complete the form.
Contact
Marcura Platform Solutions FZE
E7-701-710,
DSO Headquarters Building,
Dubai Silicon Oasis,
Dubai, UAE
