PurpleTRAC powered by Pole StarVersion: 1
PurpleTRAC is used by major international trade financing banks, trading companies, governments and flag administrations, maritime insurers, ship financing and leasing companies, and other members of the supply chain to demonstrate best efforts in compliance, all within an easy-to-use, web-based solution with API and DLT node application availability.
As a single service solution, incorporating best in class data and sanctions watch-lists, PurpleTRAC is a new advanced method of dealing with regulatory risk and sanctions in the maritime transportation sectors. Users are able to configure their own unique risk parameters to generate accurate results in seconds, saving time and money, while producing that all-important audit trail.
The solution is referenced by the United Nations Security Council as an example of a best practice sanctions compliance solution for the maritime transportation sector and a MAS (Monetary Authority of Singapore) Fintech award winner for innovation in regulatory technology.
In near real-time, PurpleTRAC:
- Screens vessels, flag, ownership and management, and current and past exposures against a comprehensive database of global economic sanctions and other watch lists.
- Screens the vessels flag, ownership, and management countries of origin, domicile, and control.
- Monitors the vessel movements in near real time through advanced hybrid satellite tracking technologies, detects and alerts significant events throughout its voyage, and continues to screen it daily against the full range of global economic sanctions and other watch lists.
- Creates tamper resistant, automated auditable reports for demonstration of compliance and best efforts.
We are pleased to offer free trials to NTP users. For a free trial, copy and paste the link here to register: https://www.polestarglobal.com/purpletrac-ntp-free-trial/
For more information related to this service, please contact our Sales Team at:
O: +65 6679 6280
Please contact VAS Provider for pricing info
Business service ID11123
- Tracking shipment
- Trade compliance
Prerequisite business service
Prerequisite system requirementsFree Demo and Free Trial available
Available on Android
Available on iOS
Enabled with Single Sign-On