TBA GroupSailors SocietyCimbriaViganVan AalstTelestack
  • TOC Africa 2025
  • Sailors Society
  • Telestack
  • Bühler GmbH
  • TOC Americas 2025
  • Cimbria

Partnership to launch maritime Know-Your-Customer data platform

Partnership to launch maritime Know-Your-Customer data platform

(Posted on 31/10/24)

Baltic Exchange has launched a Know-Your-Customer (KYC) platform to give the maritime sector greater access to company data to support informed decision making and meet increased regulatory obligations.

KYC is a regulatory requirement in the banking and financial services sectors to ensure businesses do their due diligence on customers to prevent fraud, money laundering, and terrorism financing. With shipping a vital part of global commerce, the need to manage the risk of fraud, and compliance with regulatory sanctions has become paramount, particularly surrounding reputational management and liability issues.

Baltic Exchange launched the platform following a multi-year development project. It seeks to ensure that members and non-members can efficiently and effectively conduct KYC procedures and due diligence checks tailored to the maritime industry and beyond.

To provide the most up-to-date and relevant information available, Baltic Exchange has partnered with Moody’s, the internationally recognised financial services and risk insight platform, to utilise its extensive Orbis for Compliance database, which covers more than 445 million entries both in shipping and non-shipping, along with its Global Regulatory Information Database (GRID), which provides more than 12 million records on known or suspected corrupt private and public sector figures, fraudsters, illicit financiers, money launderers and more.

The need for an extensive and maritime-specific KYC platform has been growing in recent years owing to the global rise of sanctions compliance, anti-money laundering (AML) and counter-terrorist financing (CTF) requirements, and operational risk management needs that companies are continually having to comply with.

“Due diligence has become an increasingly important aspect for all players in the shipping industry as they look to ensure they are aware of operational risks to their core business and drive compliance standards and practices. With vessels carrying high-value cargoes and operating across international borders, we have responded to the needs of our members to develop a KYC platform to provide critical risk data to all, including small and medium-sized companies,” said Mark Jackson, Chief Executive Officer of Baltic Exchange.

“Crucially, the launch of this platform reinforces Baltic Exchange’s position as a leading provider of critical maritime data, enabling our members to make more informed decisions and mitigate any risks,” he added.

The Baltic Exchange KYC Platform is available to both members and non-members who can purchase credits in order to undertake the required checks and scans. Baltic Exchange members receive a credit discount when using the KYC platform.

Latest News

MIS launches as new global media platform

(Posted on 30/07/25)

Maritime Information Services (MIS) has officially launched as a global media platform delivering daily... Read more


Russian and Ukrainian seafarers continue struggle with psychiatric fallout of war

(Posted on 30/07/25)

Russian and Ukrainian seafarers continue to experience significant psychological strain following the... Read more


Noatum expands global footprint with inauguration of Shanghai office

(Posted on 30/07/25)

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official... Read more


Smart Ship Hub emission reporting first through Asiatic Lloyd partnership

(Posted on 21/07/25)

Leading vessel optimisation platform Smart Ship Hub has announced its partnership with AL Group &ndash... Read more


KR Representative LEE Jungkun Elected Chair of IACS Safety Panel

(Posted on 21/07/25)

KR (Korean Register) has announced that LEE Jungkun, General Manager of KR’s Convention &... Read more


INTERCARGO-member fleets outperform on safety and compliance

(Posted on 17/07/25)

Dry bulk carriers entered with the International Association of Dry Cargo Shipowners (INTERCARGO) continue... Read more


NEMO strengthens global role with official status from IMO and IAEA

(Posted on 15/07/25)

The Nuclear Energy Maritime Organization (NEMO) is proud to announce that it has officially been granted... Read more


Industry statement on recent Red Sea attacks on shipping

(Posted on 09/07/25)

ICS, BIMCO, European Shipowners | ECSA, INTERCARGO and INTERTANKO have released a joint industry statement... Read more


NovaAlgoma Cement Carriers establishes new JV with DP World

(Posted on 08/07/25)

NovaAlgoma Cement Carriers Limited, a joint venture between Algoma Central Corporation and Nova Marine... Read more


Julia Ju appointed The Swedish Club’s new Chief Executive in Hong Kong

(Posted on 08/07/25)

The Swedish Club has announced the appointment of Julia Ju as the new Chief Executive and Area Manager... Read more


Port of StocktonTOC Africa 2025TOC Americas 2025Geneva DryBühler GmbHPort of South Louisiana
  • Port of South Louisiana
  • Port of Stockton
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping