Shipping faces a sanctions compliance crisis

Ill-equipped shipping companies have found themselves navigating a maze of international enforcement that is riddled with contradictions, writes Richard Meade of Lloyd’s List

Lawyers with sanctions expertise have not been getting much sleep of late. Such is the round-the-clock demand from shipping companies struggling to navigate the morass of rapidly evolving financial trade restrictions that the 3am finish has become a bleary eyed standard for many of the industry’s compliance experts.