On 7th November, Hellenic Shipping News reported that a US official has said that the US will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp down on such practices. David Peyman, Deputy Assistant Secretary of State for Counter Threat Finance and Sanctions, said ships were “the key artery to evade sanctions”. He had been holding meetings with shipping officials in Europe, and is quoted as saying that the maritime supply chain was complex but companies needed to invest in more due diligence and take proactive measures to avoid being caught in potential sanctions breaches. He also said that insurance companies and banks could check the history of ships they covered or financed to see whether there were gaps in a vessel’s voyage history, which is logged through AIS tracking transponders, which may point to illicit and concealed activity.
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