The Panama Papers have already resulted in fallout for a variety of organizations and high-ranking politicians. As investigators and prosecutors delve further into the cache of leaked documents and governments begin instituting financial reforms, the maritime industry will almost certainly not be immune from the scandal’s effects.
Here are three ways the Panama Papers could impact the maritime industry:
The world’s attitude toward corruption has changed. As a result, the maritime industry must address corruption, sanctions and AML risks in the same manner that it has done over the last 20 years in relation to vessel safety and operational risk.
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