Managing risk and compliance of uninterrupted cargo flows requires timely and comprehensive analysis
To control risk and remain compliant with safety, health and environmental regulations, being able to exhaustively and timely screen cargo consignor, consignee and waybill is of utmost importance.
Being able to verify consignor and consignee identity, their involvement and relation with specific activities or goods, requires to analyze large amounts of information and spot the unnoticed risks.
The due diligence required to validate the cargo risk and compliance includes correlation of the stakeholders background with the goods described on the waybill. The breadth and dept of information to collect and process for such, is too important for analysts to be able to process manually and timely.
Pandora Intelligence provides the analytical power to produce comprehensive insights of people and organizations, their involvement and relation with specific activities, goods or people, but also their susceptibility to be subject to sanctions. To do so, Pandora Intelligence’s platform collects data from a broad range of sources and corelates it to create relevant intelligence. This intelligence effectively empowers your organization in assessing risk related to cargo and proactively detect risky or illegal shipments, while reducing the efforts needed from your analysts.
Freight carriers, forwarders and customs make use of Pandora Intelligence’s platform to prevent transportation of unauthorized or dangerous cargo.
After receiving a new demand for shipment from an unregistered consignor, the carrier proceeded with the mandatory assessment to validate the feasibility and legality of the shipment request. After the cargo was exported from its country of origin, it didn’t get customs clearance in the country of transit as the mechanical parts included in the shipment couldn’t clearly be related to any vehicle. After spending several days collecting relevant information it came to light of the analysts that these mechanical parts were related to military vehicles. As the consignor had no transit license, because the shipment was linked with strategic military goods, and because the country of destination was embargo for such goods. The cargo was therefore halted in the country of transit and taking up room in the storage terminal of the carrier till the situation would be solved.
To guarantee a swift and risk-free cargo management, information from a broad range of sources is analyzed to assess whether consignor and consignee, their respective activities and stakeholders are subject to sanctions, or that their countries are under specific embargos. The content of the waybill is automatically included in the analysis to also assess whether goods shipped can be linked to contraband, strategic military, illegal or dangerous goods. Based on the automated analysis, which is included in an audit trail, the analyst can efficiently make decisions and can legally substantiate those with the audit trail.