Marine Harvest Rapidly Ramps-up Restricted Party Screening with Automated Amber Road Solution
finance.yahoo.com
With international authorities imposing more, and increasingly tough, trade regulations, Marine Harvest realized it was time to upgrade from manual to automated screening. In particular, with Russia specifically targeted for additional sanctions and scrutiny, the Oslo-based company moved quickly to boost its compliance assurance.
Amber Road’s market leadership and its comprehensive screening coverage encompassing over 300 restricted party lists from government institutions worldwide were key factors in the decision. Additionally, the high degree of automation, with 24/7 monitoring of trading entities, meant that Marine Harvest could dramatically upgrade its screening capabilities without adding manpower.
Johan Sørensen, manager of business systems at Marine Harvest, said, “Amber Road provides a straight forward and fast solution to screen our customers and suppliers, providing the security that we don’t do business with anyone on a denied party list. Additionally, the US banks we work with require us to screen our suppliers and customers in order for us to make use of their financial services.” |
