NCA issues amber alert on shadow fleet sanctions evasion networks
The National Crime Agency (NCA) has issued an amber alert to maritime and financial institutions regarding sanctions evasion networks that employ shadow fleets to support sanctioned regimes, including Russia, Iran, and North Korea. Jointly issued with the Office of Financial Sanctions Implementation (OFSI) and the Foreign, Commonwealth & Development Office, the alert provides detailed typological characteristics and red flag indicators to assist in identifying evasion activities. Regulated sector businesses are reminded to report suspicious activity through Suspicious Activity Reports, while any breaches of OFSI guidelines must be reported directly to HM Treasury.