Launch of Sanctions Compliance Solution

RNS Number : 5842E

Windward Ltd.

14 March 2022

 

14 March 2022

RNS Reach

Windward Ltd.

("Windward", "the Company")

Windward Launches "Russia" Sanctions Compliance Sol ution to Allow Users to Trade with Confidence

The new solution will be integrated into Windward's Maritime AI platform, enabling users to easily and efficiently manage risk related to rapidly changing Russian sanction regimes

Windward  (LSE: WNWD), the Predictive Intelligence company applying AI to transform global maritime trade, announced today the launch of the "Russia" sanctions solution as a part of Windward's Maritime AI platform. The solution will allow Windward users to minimise risk exposure in maritime trade as it relates to ongoing sanctions against Russia.

In response to the recent Russian invasion into Ukraine, heavy economic sanctions were imposed days prior to the invasion and have since escalated rapidly. Both the US and the UK have also announced new bans on imports of Russian oil, gas and energy. The sanctions affect not only the vessels, companies, and individuals listed but also every other entity that is connected through complex ownership links and potentially the cargo itself.

To assist customers by minimising their risk exposure, Windward is launching the new "Russia" sanctions solution, enabling stakeholders to understand the full scope of Russian-related trade including cargo destinations and sources. This will allow them to conduct business in confidence and in accordance with new, rapidly evolving restrictions. Companies and vessels flagged by the Windward database as connected to Russia will be flagged in the platform as Moderate Risk (Amber).

"Windward is committed to providing our customers with the utmost visibility during these turbulent times," said Ami Daniel, Co-Founder & CEO of Windward. "As the increased sanctions make conducting trade even more complex, we will continuously update our platform so our customers can continue to conduct business with confidence."

Windward offers a much-needed level of certainty and confidence to entities' that have been impacted by the conflict. As such, Windward is offering its Maritime AI platform to new users for a period of two weeks, at no cost and without asking for any commitment.

For more information, please contact:

Windward Ltd.	Via Alma PR
Irit Singer, CMO
Canaccord Genuity (Nominated Adviser & Broker)	[phone]
Simon Bridges / Andrew Potts
Alma PR	[phone]
Caroline Forde / Kieran Breheny / Hilary Buchanan	[e-mail]

About Windward

Windward  (LSE:WNWD), a publicly traded company on the London Stock Exchange, is the leading Predictive Intelligence company fusing AI and big data to digitalise the global maritime industry, enabling organisations to achieve business and operational readiness. Windward's AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, and business. For more information visit: https://windward.ai/.

 

END

 

 

NRABKNBDBBKDQND