This advisory, written together with our friends at Pole Star Global, offers advice on how maritime firms can comply with the new Russia sanctions.
Russia's invasion of Ukraine has meant that its been all-hands on deck at Blackstone, sometimes literally. It's critical that maritime companies meet their compliance requirements under the new Russia-related sanctions, and we have been working closely with our long time friends at Pole Star Global, an exceptional maritime intelligence firm.
That's why we are releasing a joint advisory authored by both Blackstone and Pole Star that details what maritime firms need to know to comply with the new sanctions. The advisory covers:
What sanctions are in place and how they can affect maritime firms, including flag registries, ship managers and operators, charterers, ports, and bunker traders.
What controls maritime firms should put in place to ensure compliance with the new sanctions; and
A list of red flags and typologies that maritime firms should be on the lookout for.
If you want to access the advisory, you can download it directly from this link.
If the advisory wasn't detailed enough, our very own director David Tannenbaum, and Charles Ike from Pole Star hosted a webinar that further explored the need for good KYC and CDD controls within maritime firms, which can be found at the link.