Why Biden will not put the compliance risk genie back in the bottle
The genie is not going back in the bottle — shipping is not becoming any less complicated and compliance risk is not moving down the industry agenda any time soon, regardless of who sits in the Oval Office
The transition of power to the Biden administration in the US may signal some changes in sanctions policy, but do not expect the focus on shipping to be downgraded as a result. The requirement to monitor maritime risk is now embedded within financial, insurance and political processes and all signs point to increased complexity, not less
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