NCA issues Amber Alert warning state-backed networks, particularly from Russia, Iran, and North Korea, using shadow fleets and opaque corporate structures to evade sanctions on oil and other commodities

These networks exploit shell companies, complex ownership chains, and minimal transparency to conceal cargo origins, with a “red–blue” model linking red companies directly to sanctioned sources and blue companies to Western finance, insurance, and commodities markets. The alert identifies red flags such as sudden large-volume trading by new companies, limited corporate history, and registration in high-risk…