At MB Shipbrokers, trust and integrity are the cornerstones of how we work. With more than hundred years of experience in the shipbroking industry, we draw on a proud heritage of excellence to deliver reliable and transparent services to our clients. As part of our unwavering commitment to these principles, we uphold stringent Know Your Customer (KYC) practices and maintain compliance with international sanctions. These measures are vital to safeguarding against fraud, sanction breaches, money laundering, and other illicit activities in the maritime industry while ensuring we honor the legacy of professionalism and trust that has defined our business for over a century.
Our KYC and Compliance Approach
Customer Due Diligence
We perform comprehensive due diligence on all clients—both individuals and businesses—to verify identities and assess potential risks. This process includes identifying ultimate beneficial owners (UBOs) and analyzing ownership structures, adhering to both domestic and international regulations.
Regulatory Compliance
We adhere strictly to the Danish Money Laundering Act, the UK Bribery Act, and international standards established by the Financial Action Task Force (FATF). These comprehensive protocols address critical issues such as corruption, bribery, and financial misconduct, in addition to money laundering. By adhering to these stringent regulations, we reinforce our commitment to transparency, accountability, and ethical business practices.
Sanction Compliance
Our operations are fully aligned with global sanctions frameworks. We conduct screening of clients, transactions, and vessels against international sanctions lists, including those issued by the United Nations, European Union, and Office of Foreign Assets Control (OFAC). This proactive approach mitigates risks and ensures compliance with relevant trade restrictions.
Employee Training
All employees receive ongoing training to ensure they remain up-to-date with evolving compliance requirements and industry best practices.
By embedding these practices into our daily operations, MB Shipbrokers builds on a proud tradition of professionalism and excellence. Drawing on decades of expertise in the shipbroking industry, we continue to foster confidence and transparency for all our clients and partners, ensuring our enduring legacy remains synonymous with trust and integrity.
