In “Ship Registries Agree to Information Pact to Help Avoid Sanctions Evasion” (1 July 2020, ACSS), Eric Lorber, vice president at K2 Intelligence FIN, is featured discussing how the Registry Information Sharing Compact (RISC) helps to enable the removal of bad actors from their respective flag registries simultaneously. According to Eric, the reason why this type of information sharing is so important is that illicit shipping companies have often engaged in “flag hopping” to evade scrutiny, or re-registering the same vessel under different registries to continue to engage in sanction evasion activity. RISC is one step to help prevent this behavior.

Read more in ACSS.