Purpletrac Brochure

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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. Protect your business and its reputation with the most comprehensive risk management and economic sanctions compliance solution Risk management & sanctions compliance Status: W CRITICAL Company Global Sanction List check . Flag Sanctions check W Port State Control history check . Ship Global Sanction List check W Ship movement history check . Status: . OK Company Global Sanction List check . Flag Sanctions check . Port State Control history check . Ship Global Sanction List check . Ship movement history check .

description

Developed to meet the needs of organisationswith exposures to shipping and cargoes, PoleStar’s PurpleTRAC automates complex riskmanagement and compliance procedures inan easy-to-use web-based solution.

Transcript of Purpletrac Brochure

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.

Protect your business and its reputation with the most comprehensive risk management and economic sanctions compliance solution

Risk management & sanctions compliance

Status: W CRITICAL

Company Global Sanction List check .

Flag Sanctions check W

Port State Control history check .

Ship Global Sanction List check W

Ship movement history check .

Status: . OK

Company Global Sanction List check .

Flag Sanctions check .

Port State Control history check .

Ship Global Sanction List check .

Ship movement history check .

Reveal a ship’s current and past exposure to risk with PurpleTRAC, the automated risk management and sanctions compliance solution

SCREEN PurpleTRAC screens the ship and its associated group beneficial owner, registered owner, operator, ship manager, and technical man-ager against a comprehensive range of international sanctions lists:

Global sanctions list: Screens the ship and its associates against a comprehensive range of 37 international sanctions lists.

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.

Ship movement history: Screens the ship’s historic movements using the last 90 days of available AIS data.

TRACK PurpleTRAC actively tracks 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 the full range of global economic sanctions lists.

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.

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.

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, seam-less 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: http://purpletrac.polestarglobal.com/whitepaper/ais-is-not-enough.

Because we make a complex task simple

PurpleTRAC aggregates screening, sanction status, compliance status and movement history data in a single, 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 www.polestarglobal.com/about/company to find out more.

Voyage Monitoring Engine

PurpleTRAC actively tracks ships on a continuous or voyage-based basis.

PurpleTRAC’s easy-to-use interface reveals ships’ current and past exposure to risk.

Port 1

Port 2

Departure

Destination

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 generates an automatic notification that will be sent directly to your inbox.

Zones

Ports

Departure/Destination

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 We combine data from multiple satellite tracking services (including the ship’s secure Inmarsat-C terminal and its AIS equipment) into a single coherent position track (whilst managing minor inconsistencies and reporting major anomalies).

Risk-responsive tracking 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 sanctions lists and does so 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.

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 risk zone Alerts you when the ship is near to a high risk area

W Entry to risk zone Alerts you when the ship has entered a high risk area

W Ship stationary Generated if the ship comes to a standstill unexpectedly outside of port operations

W AIS device not reporting Warns you if the ship’s AIS device appears to be switched off

SSL

Features

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Tel: +44 20 7313 6248

[email protected]

http://purpletrac.polestarglobal.com