Pole Star Global Software
PurpleTRAC
Maritime sanctions compliance tool that screens vessels and counterparties against international watchlists, tracks movements and supports due diligence for financial markets and traders.
Description
PurpleTRAC, launched in 2014 as Pole Star's first solution for financial markets, combines vessel tracking with vessel monitoring, sanctions screening and compliance.
Key features
- Screening of vessels and trade counterparties against international sanctions lists
- Trade compliance risk views across countries, ports, vessels and entities
- Vessel tracking to validate cargo documentation and stated origin
- Bill of lading verification, container search and tracking
- Draft and navigational status data; trans-shipment and port activity analysis
Applications
Maritime sanctions due diligence for banks, ship financiers, insurers and physical commodity traders; Trafigura is cited as a user.
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