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In the wake of the financial fraud involving Bernard Madoff, the investment broker in New York accused of defrauding investors of $50 billion, the ICC Financial Investigation Bureau (FIB) is calling for institutions to exercise a more robust due diligence programme.
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The quick response of the Royal Malaysian Navy has helped to thwart the attempted hijacking of a vessel by Somali pirates.
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The ICC International Maritime Bureau (IMB) is urging its members to take extra caution during the current economic downturn, with particular regard to commodities trades.
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The European Union (EUNAVFOR ATALANTA) is initiating a ‘Close Support Protection’ system for vessels transiting the Gulf of Aden.
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Following on from a spate of piratical activity, a very-large crude carrier (VLCC) has reportedly been hijacked off the East coast of Africa.