RESTRICTED PARTY SCREENING USING SOFTWARE TO MANAGE TRADE COMPLIANCE

Size: px
Start display at page:

Download "RESTRICTED PARTY SCREENING USING SOFTWARE TO MANAGE TRADE COMPLIANCE"

Transcription

1

2 RESTRICTED PART Y SCREENING USING SOFTWARE TO MANAGE TRADE COMPLIANCE Today s complex supply chains place strong demands on companies and require the simultaneous management of many distinct and important areas, including keeping production in sync with customer orders, managing inventory and overseeing the movement of goods to their destination. It perhaps goes without saying that compliance is not the least of the supply chain issues requiring attention. MANAGING RISK Compliance generally needs to be incorporated into the business process at all relevant points. One specific area of compliance relates to laws and regulations that prohibit interaction with restricted or denied parties. Failure to comply with these laws and regulations, on even a single shipment or transaction, can carry significant consequences. By now, many in international trade have heard stories about a company that lost its import/export privileges, received a heavy fine, had employees sentenced to jail time (or some combination of these penalties) - all as a result of transacting business with, or transacting business involving, a restricted party. Generally speaking, a restricted party is any entity, person or vessel that a government puts on a restricted list. Often, those on such a list are deemed to have engaged in illegal activity of some kind. There are obvious restricted persons, like known terrorists or arms traffickers. The lists of restricted parties don t stop at the obvious, though; they also include, for example, entities that have illegally exported controlled commodities and financial institutions that are known as safe havens for money laundering. In order to manage the risk of interacting with or shipping to restricted parties, many companies screen both their customers and other parties to a transaction. Screening is the process of crossreferencing the parties involved in the transaction against the many (and ever-changing) lists of restricted parties published by different governments and governmental agencies. Many national governments (such as the U.S., Canada, Japan and Switzerland), as well as multinational groups (such as the World Bank and European Union), publish lists of parties they deem to be restricted. While some of these lists can be obtained directly from the government sources, it can be cumbersome to try and aggregate and maintain these lists. The information comes in different forms and is updated constantly. It can be time consuming at best to conduct accurate searching against all these lists without the use of search algorithms and a software system designed to manage everything. page 2/5

3 ESTABLISHING FRAMEWORK Screening software can help companies apply the oversight required to prevent transactions with restricted parties. Most screening software has a cost to implement and administer. Those companies that outlay resources relating to a screening solution, of both a financial and an employee-time nature, make a strategic cost-benefit decision. Along with the benefit of preventing government penalties, there is the benefit of preventing potential loss of sales - a company caught transacting business with a restricted party weakens its brand and may suffer a loss of goodwill with customers. Decisionmakers frequently determine these benefits far outweigh the cost of implementing a restricted party screening solution. Before a company embarks on implementing a particular screening solution, it is a good idea to spend time asking some preliminary questions, including: WHAT IS THE SCOPE OF TRADE PARTNERS TO BE SCREENED? Which types (consignee, vendor, manufacturer, etc.)? How many? DO YOU HAVE ALL OF YOUR TRADE PARTNER INFORMATION AVAILABLE IN A DATA FORM? If so, is it contained within a single system or several systems? DOES INTERNAL LEGAL COUNSEL OR ANOTHER COMPLIANCE GROUP ALSO NEED TO BE PART OF THE DISCUSSION? Aligning the operational activities of transportation and logistics personnel with the concerns and goals of the legal and trade compliance group(s) will often help the process be more successful. HOW DO YOU LOCK DOWN THE PROCESS TO ENSURE NOBODY SENDS OUT A SHIPMENT BEFORE THE PARTIES ARE SCREENED? It obviously does no good to invest resources in a screening solution if shipments are allowed to occur before the screening process has been completed. Know who you are as a company and what you want your screening solution to achieve. WHAT LEVEL OF DETAIL DO YOU WANT TO INCORPORATE INTO YOUR SCREENING PROCESS? For example, is the company name sufficient or is it important to check addresses, or individual person names at the companies? How fuzzy should the screening results be (that is, exact matches only, or more than that; do you want Beat Gruop to trigger a hit for Best Group?)? ULTIMATELY, WHO - EITHER WHICH PERSON(S) OR WHICH GROUP - WILL OWN THE SCREENING PROCESS AND ANY SUBSEQUENT REVIEW OF POTENTIAL MATCHES? Not clearly assigning ownership of the process can lead to a failed implementation of the process. WHAT IS THE ESCALATION SHOULD THERE BE A POTENTIAL MATCH TO A RESTRICTED PARTY AFTER A SCREENING OCCURS? Again, a legal and/or trade compliance group may want to weigh in here. It is in your interest to implement a quick but comprehensive way to review a potential match, balancing the understanding that a shipment should be on hold until the review is complete against the reality that a mistaken shipment to a restricted party likely carries serious consequences. These are just some examples of questions companies may want to consider and discuss internally before going down the path of evaluating possible screening options. To put it more bluntly: Know who you are as a company and what you want your screening solution to achieve. page 3/5

4 Sample Screening Workflow SCREENING SOFTWARE Once you arrive at the point where you know what you want to achieve, you can start evaluating your options. Any screening software provider should be able to give you a system demonstration and perhaps even a limited-time trial usage of its system. If you take advantage of a trial usage period, make sure you have time available to actually evaluate the product. Involve anyone who would use the system if you bought it. YES USER LOGS IN TO REVIEW POSSIBLE MATCHES Compare Trade Partner to Denied Party results Review source citations if necessary for further details MATCH FOUND? YES PERMANENT HOLD AUTOMATED SCREENING OF TRADE PARTNERS HUMAN REVIEW REQUIRED? MAYBE CONDITIONAL HOLD User fills out comments to c la r if y resoning NO NO TRADE PARTNER CLEAR Here are some questions that you may want to consider as you evaluate screening solutions: HOW OFTEN DOES THE SOFTWARE PROVIDER UPDATE ITS LISTS OF RESTRICTED PARTIES? As noted, these lists change frequently, so it is important to acquire a screening solution that is refreshed whenever there is a change to a relevant list. WHAT RESTRICTED PARTY LISTS ARE INCLUDED IN THE SCREENING SOFTWARE? Many countries have lists of restricted parties, but not all will be relevant to your business. For example, if you don t do business with or involving a particular country, you may not need to screen against that country s list of restricted parties. Screening against lists that are not relevant to your business will likely increase the number of false positives that have to be resolved by your review team. HOW EARLY IN THE SHIPMENT/ORDER PROCESS CAN YOU SCREEN? It s better to know a customer is (or has become) a restricted party when the order is placed than when its order is ready to ship. CAN YOU RESCREEN TRADE PARTNERS REGULARLY? A screening at the time of the order may not be enough. Even a second screening at the time of shipment may not do it. In some situations, it can be months from the time an order is placed until it is filled, making multiple screening opportunities important in those instances in particular. A robust screening solution will keep up with new restricted parties added to the government lists during that time and ensure you do not miss them. CAN YOU CONFIRM THE IDENTITY OF THE COMPANY OR PERSON BEING SCREENED? Does the option being considered help you do that in any way? Remember that restricted parties are motivated to circumvent the restrictions; they may misrepresent their identity or seek to create and exploit situations in which they go unrecognized. When entering new trade partners into a system, make sure to use your available resources (such as a Tax ID) to confirm they are who they say they are. page 4/5

5 ARE THE PEOPLE ENTRUSTED WITH DETERMINING WHETHER A POSSIBLE MATCH IS AN ACTUAL RESTRICTED PARTY OR A FALSE POSITIVE PROPERLY TRAINED? Do not consider the review and determination process an entry-level, administrative-type task. Whoever is making the match/no-match decision needs to be very familiar with company policy and risk sensitivity, among other things. CAN YOU ENSURE THAT SYSTEM USERS WITH CONFLICTING BUSINESS MOTIVATIONS ARE NOT IN A POSITION TO SUBVERT THE POLICY? For example, a customer service representative who gets a commission for making a sale likely should not be able to bypass the screening of a new customer or override a match and permit the transaction to go forward. HOW CAN YOU USE SCREENING ALONGSIDE OTHER KNOW YOUR TRADING PARTNER PROGRAMS TO BUILD A BETTER OVERALL COMPLIANCE PROGRAM? Programs such as Customs-Trade Partnership Against Terrorism (C-TPAT) in the U.S. and Authorized Economic Operator (AEO) in the European Union help foster a deeper compliance relationship with your trade partners. Consider how programs like these work together with a screening process. The ultimate goal is to implement a screening process that works for your company, one that provides the desired level of diligence with the least incidental friction on operational execution. To get there, first have a discussion internally with all relevant stakeholders. Then, evaluate your options compared to your goals. These steps will better position you for success. Expeditors provides open solutions for managing restricted party screening, through the use of Tradeflow, a global trade management software system. Tradeflow offers several methods for screening the trade partners involved in your international shipping transactions. Whether you need a secure web-portal for customer service representatives to screen new customers, or a fully integrated and automated connection to your Enterprise Resource Planning (ERP) systems, the Tradeflow screening software provides solutions. For more information, visit expeditors.com, or contact us. page 5/5

Amgen GLOBAL CORPORATE COMPLIANCE POLICY

Amgen GLOBAL CORPORATE COMPLIANCE POLICY 1. Scope Applicable to all Amgen Inc. and subsidiary or affiliated company staff members, consultants, contract workers and temporary staff worldwide ( Covered Persons ). Consultants, contract workers,

More information

University of Louisiana System

University of Louisiana System Policy Number: M-(16) University of Louisiana System Title: EXPORT CONTROL Effective Date: October 26, 2009 Cancellation: None Chapter: Miscellaneous Policy and Procedures Memorandum The University of

More information

Six Best Practices to Improve Compliance with a Restricted Party Screening Solution

Six Best Practices to Improve Compliance with a Restricted Party Screening Solution Six Best Practices to Improve Compliance with a Restricted Party Screening Solution A critical first step to building an export compliance program Management Dynamics, Inc. One Meadowlands Plaza East Rutherford,

More information

About metrics and reporting in model-based robot assisted functional testing

About metrics and reporting in model-based robot assisted functional testing 1 (13) Matti Vuori, 2014-01-10 RATA project report About metrics and reporting in model-based robot assisted functional testing Table of contents 1. Introduction... 1 2. Different tests have different

More information

Seventh Avenue Inc. 1

Seventh Avenue Inc. 1 Seventh Avenue Inc. Supply Chain Security Profile Customs-Trade Partnership against Terrorism Supplier Questionnaire Seventh Avenue is a member of the Customs-Trade Partnership against Terrorism (C-TPAT).

More information

COMMERCIAL LENDERS MANDATED TO FIGHT WAR ON TERRORISM

COMMERCIAL LENDERS MANDATED TO FIGHT WAR ON TERRORISM COMMERCIAL LENDERS MANDATED TO FIGHT WAR ON TERRORISM By Gordon L. Gerson, Esq. It has not been business as usual in the lending industry since September 11, and commercial lenders have been conscripted

More information

GOODMAN GLOBAL GROUP, INC. EXPORT CONTROL AND SANCTIONS COMPLIANCE POLICY

GOODMAN GLOBAL GROUP, INC. EXPORT CONTROL AND SANCTIONS COMPLIANCE POLICY GOODMAN GLOBAL GROUP, INC. EXPORT CONTROL AND SANCTIONS COMPLIANCE POLICY Goodman Global Group, Inc. and our affiliates (collectively, the Company ) are committed to complying with all laws applicable

More information

Information Technology - Switzerland

Information Technology - Switzerland Newsletters Law Directory Deals News Subscribe Home Information Technology - Switzerland Data Protection - Key Issues Contributed by Homburger December 2 2003 Introduction No Free Flow of Data within a

More information

European Code for Export Compliance

European Code for Export Compliance European Code for Export Compliance EU-CEC European Institute For Export Compliance EU-ECF EU Export Compliance Framework: EU Export Compliance Charter The European Code for Export Compliance EU-CEC 1.

More information

Platform Specialty Products Corporation Foreign Corrupt Practices Act/Anti-Corruption Policy

Platform Specialty Products Corporation Foreign Corrupt Practices Act/Anti-Corruption Policy 1. Introduction. Platform Specialty Products Corporation Foreign Corrupt Practices Act/Anti-Corruption Policy 1.1 Combating Corruption. Platform Specialty Products Corporation, including its subsidiaries,

More information

THOMSON REUTERS ACCELUS

THOMSON REUTERS ACCELUS THOMSON REUTERS ACCELUS ACCELUS Screening Resolution Service Executive Summary Thomson Reuters Accelus offers Screening Resolution Service (SRS): an outsourced screening service for Corporates and Financial

More information

Director of Logistics & Compliance James Hall

Director of Logistics & Compliance James Hall Minimizing Risk Exposure While Fully Utilizing Freight Forwarders Expertise To Effectively Apply Compliance In Challenging Locations Director of Logistics & Compliance James Hall What is Compliance Adherence

More information

How to build a great compliance program for your U.S. imports

How to build a great compliance program for your U.S. imports How to build a great compliance program for your U.S. imports For the importer of record, compliance means the complete and accurate recording of all internal processes through books and records, from

More information

Reducing Trade-Financing Risks Through the Use of the Powers Secured Chain of Custody

Reducing Trade-Financing Risks Through the Use of the Powers Secured Chain of Custody Reducing Trade-Financing Risks Through the Use of the Powers Secured Chain of Custody Banks are normally sought out by importers who need financing. Traditionally the financing has usually been through

More information

global trade management

global trade management whitepaper global trade management Improve Working Capital & Streamline Global Trade WHITEPAPER Global trade management 2 about Economies of the world are becoming increasingly global in nature. This is

More information

Questions & Answers from the Export Compliance: Best Practices in High Volume Screening Webinar held on Thursday, March 31st at 2:00 pm EDT

Questions & Answers from the Export Compliance: Best Practices in High Volume Screening Webinar held on Thursday, March 31st at 2:00 pm EDT Questions & Answers from the Export Compliance: Best Practices in High Volume Screening Webinar held on Thursday, March 31st at 2:00 pm EDT Panelists: Kishore Gundamraj, project manager - export compliance

More information

Solvency II Data audit report guidance. March 2012

Solvency II Data audit report guidance. March 2012 Solvency II Data audit report guidance March 2012 Contents Page Introduction Purpose of the Data Audit Report 3 Report Format and Submission 3 Ownership and Independence 4 Scope and Content Scope of the

More information

Mapping Your Future. Supply Chain Management. What is Supply Chain Management? Why Work in Supply Chain Management?

Mapping Your Future. Supply Chain Management. What is Supply Chain Management? Why Work in Supply Chain Management? What is? Supply chain management (SCM) makes sure the right amount of raw materials are in the right place at the right time so that they can be made into finished products and sold to the customer. The

More information

Revised 05/22/14 P a g e 1

Revised 05/22/14 P a g e 1 Corporate Office 107 W. Franklin Street P.O. Box 638 Elkhart, IN 46515-0638 Phone (574) 294-7511 Fax (574) 522-5213 INTRODUCTION PATRICK INDUSTRIES, INC. CODE OF ETHICS AND BUSINESS CONDUCT As a leader

More information

THE ESSENTIAL GUIDE TO IMPLEMENTING VENDOR PERFORMANCE METRICS in your Import Supply Chain

THE ESSENTIAL GUIDE TO IMPLEMENTING VENDOR PERFORMANCE METRICS in your Import Supply Chain THE ESSENTIAL GUIDE TO IMPLEMENTING VENDOR PERFORMANCE METRICS in your Import Supply Chain Published on April 25, 2014 INTRODUCTION Importers strive to design their overall program to efficiently control

More information

A Message for Warehouse Operators And Security Guidelines for Warehouse Operators

A Message for Warehouse Operators And Security Guidelines for Warehouse Operators A Message for Warehouse Operators And Security Guidelines for Warehouse Operators Kingchem LLC is a participant in the Customs-Trade Partnership Against Terrorism (C-TPAT). C-TPAT is a voluntary joint

More information

The key to success: Enterprise social collaboration fuels innovative sales & operations planning

The key to success: Enterprise social collaboration fuels innovative sales & operations planning Manufacturing The key to success: Enterprise social collaboration fuels innovative sales & operations planning As the sales and operations planning leader, you have a few principal responsibilities: setting

More information

Trusted Traders Programs Overview

Trusted Traders Programs Overview Trusted Traders Programs Overview Presentation to WCO Knowledge Academy for Customs and Trade July 4, 2014 1 Trusted Traders Programs Objective: To facilitate the movement of legitimate goods by providing

More information

Key Factors to Consider When Selecting a Web Content Management Solution

Key Factors to Consider When Selecting a Web Content Management Solution to Consider When Selecting a Web Content Management Solution Web content management solutions deliver several sizable benefits. First, they empower subject matter experts, content authors and editors with

More information

OFAC Office of Foreign Assets Control

OFAC Office of Foreign Assets Control OFAC Office of Foreign Assets Control What is it? The Office of Foreign Assets Control ( OFAC ) of the US Department of the Treasury is a law enforcement agency, not a regulatory agency. OFAC administers

More information

OTI, Consolidator and Customs Broker. Security Questionnaire Customs-Trade Partnership against Terrorism

OTI, Consolidator and Customs Broker. Security Questionnaire Customs-Trade Partnership against Terrorism OTI, Consolidator and Customs Broker Security Questionnaire Customs-Trade Partnership against Terrorism Introduction and General Instructions The Customs-Trade Partnership against Terrorism (C-TPAT) is

More information

UNIVERSAL INSURANCE HOLDINGS, INC. CODE OF BUSINESS CONDUCT AND ETHICS. Revised as of March 3, 2014

UNIVERSAL INSURANCE HOLDINGS, INC. CODE OF BUSINESS CONDUCT AND ETHICS. Revised as of March 3, 2014 I. Statement of Policy UNIVERSAL INSURANCE HOLDINGS, INC. CODE OF BUSINESS CONDUCT AND ETHICS Revised as of March 3, 2014 Universal Insurance Holdings, Inc. ( UIH ) and its subsidiaries (collectively,

More information

CVS Pharmacy C-TPAT Requirements For Import Product Suppliers

CVS Pharmacy C-TPAT Requirements For Import Product Suppliers CVS Pharmacy C-TPAT Requirements For Import Product Suppliers To Our Import Product Suppliers: CVS Pharmacy, Inc. (CVS) is committed to ensuring supply chain security within a framework consistent with

More information

Integrating Microsoft Dynamics GP and Microsoft Dynamics CRM. Discussion Paper and FAQ s

Integrating Microsoft Dynamics GP and Microsoft Dynamics CRM. Discussion Paper and FAQ s Integrating Microsoft Dynamics GP and Microsoft Dynamics CRM Discussion Paper and FAQ s Integrating two Microsoft Products it sounds easy enough. The physical act of integration, pushing data from one

More information

WAREHOUSE SECURITY BEST PRACTICE GUIDELINES CUSTOMS-TRADE PARTNERSHIP AGAINST TERRORISM

WAREHOUSE SECURITY BEST PRACTICE GUIDELINES CUSTOMS-TRADE PARTNERSHIP AGAINST TERRORISM BACKGROUND WAREHOUSE SECURITY BEST PRACTICE GUIDELINES CUSTOMS-TRADE PARTNERSHIP AGAINST TERRORISM In the aftermath of September 11, U.S. Customs and Border Protection (CBP) in cooperation with its trade

More information

Services Summary TRADITIONAL CUSTOMS SERVICES. Instruments of International Traffic Foreign market entry plans

Services Summary TRADITIONAL CUSTOMS SERVICES. Instruments of International Traffic Foreign market entry plans Services Summary What distinguishes GTS from others is our ability to identify your business needs, customize a practical solution and take the action steps necessary to implement that solution. Our practice

More information

C-TPAT Program Benefits. Reference Guide

C-TPAT Program Benefits. Reference Guide C-TPAT Program Benefits Reference Guide U.S. CUSTOMS AND BORDER PROTECTION C-TPAT PROGRAM BENEFITS T he Customs-Trade Partnership Against Terrorism (C-TPAT) program is but one layer in U.S. Customs and

More information

This chapter will focus on your right to a lawyer, the different ways to get a lawyer, and what you should expect from your lawyer.

This chapter will focus on your right to a lawyer, the different ways to get a lawyer, and what you should expect from your lawyer. Chapter 3: Getting a Lawyer This chapter will focus on your right to a lawyer, the different ways to get a lawyer, and what you should expect from your lawyer. It is always best to get a lawyer. Other

More information

How to Meet EDI Compliance with Cloud ERP

How to Meet EDI Compliance with Cloud ERP How to Meet EDI Compliance with Cloud ERP Lincoln: This is Trek Talk, the Cloud ERP podcast and today s topic is Advantages of an EDI Compliant Cloud ERP. With cloud ERP you can meet your goals for EDI

More information

DATA AUDIT: Scope and Content

DATA AUDIT: Scope and Content DATA AUDIT: Scope and Content The schedule below defines the scope of a review that will assist the FSA in its assessment of whether a firm s data management complies with the standards set out in the

More information

Keywitness: Towards illicit <> security @ crossborder supply chains -research frameworkto support assessment of research gaps and setting up of

Keywitness: Towards illicit <> security @ crossborder supply chains -research frameworkto support assessment of research gaps and setting up of Keywitness: Towards illicit security @ crossborder supply chains -research frameworkto support assessment of research gaps and setting up of priorities, in the context of customs risk management & future

More information

Introduction to Braumiller Schulz LLP Why Trade Compliance? Establishing an Internal Compliance Program (ICP) Contracting Services to Outside Experts

Introduction to Braumiller Schulz LLP Why Trade Compliance? Establishing an Internal Compliance Program (ICP) Contracting Services to Outside Experts Olga Torres, Associate Ol T A i t Braumiller Schulz LLP International Trade Law www.globaltradelaw.net Overview Introduction to Braumiller Schulz LLP Why Trade Compliance? Establishing an Internal Compliance

More information

EXPORT CONTROLS COMPLIANCE

EXPORT CONTROLS COMPLIANCE Responsible University Official: Vice President for Research Responsible Office: Office for Export Controls Compliance Origination Date: May 1, 2014 EXPORT CONTROLS COMPLIANCE Policy Statement Northwestern

More information

Streamlining clinical trial supply management

Streamlining clinical trial supply management Life Sciences Clinical Trial Supply Management Streamlining clinical trial supply management Driving faster, more effective clinical trials In this white paper A critical step of the development chain:

More information

US CUSTOMS IMPORT DOCUMENT REQUIREMENTS

US CUSTOMS IMPORT DOCUMENT REQUIREMENTS US CUSTOMS IMPORT DOCUMET REQUIREMETS A. IVOICE Invoice should be billed to the Accounts Payable location. The Federal-Mogul location receiving the product must be listed as the Consignee. Supplier must

More information

A concise guide to mirroring your U.S. success in Canada

A concise guide to mirroring your U.S. success in Canada A concise guide to mirroring your U.S. success in Canada Customs Logistics System Solutions Global Service In recent years, Canada s regulatory regime has become complicated and very technical. With over

More information

Why Your Job Search Isn t Working

Why Your Job Search Isn t Working Why Your Job Search Isn t Working 6 mistakes you re probably making and how to fix them I t s easy to think that your lack of success in finding a new job has nothing to do with you. After all, this is

More information

8 Tips for Winning the IT Asset Management Challenge START

8 Tips for Winning the IT Asset Management Challenge START Tips for Winning the IT Asset Management Challenge START A successful IT Asset Management (ITAM) program can help you lower your costs and increase your asset utilization. You benefit by avoiding unplanned

More information

The Authorized Economic Operator and the Small and Medium Enterprise FAQ

The Authorized Economic Operator and the Small and Medium Enterprise FAQ The Authorized Economic Operator and the Small and Medium Enterprise FAQ May 2010 Copyright 2010 World Customs Organization. All rights reserved. Requests and inquiries concerning translation, reproduction

More information

Presented By Greg Baldwin

Presented By Greg Baldwin ANTI-MONEY LAUNDERING COMPLIANCE OFFICER TRAINING Presented By Greg Baldwin THE ANTI-MONEY LAUNDERING COMPLIANCE OFFICER We re going to cover: Basis for the requirement to have a Compliance Officer The

More information

What You May Not Know About Sanctions (And How It Can Hurt You) by: Rajika Bhasin Counsel, Global Markets AIG

What You May Not Know About Sanctions (And How It Can Hurt You) by: Rajika Bhasin Counsel, Global Markets AIG What You May Not Know About Sanctions (And How It Can Hurt You) by: Rajika Bhasin Counsel, Global Markets AIG What You May Not Know About Sanctions (And How It Can Hurt You) Introduction Companies navigating

More information

Introduction To Commerce Department. Export Controls U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY OFFICE OF EXPORTER SERVICES

Introduction To Commerce Department. Export Controls U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY OFFICE OF EXPORTER SERVICES Introduction To Commerce Department Export Controls U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY OFFICE OF EXPORTER SERVICES Overview The Department of Commerce s Bureau of Industry and

More information

Key Elements of International Trade Compliance. Presented by:

Key Elements of International Trade Compliance. Presented by: Key Elements of International Trade Compliance Presented by: International Business Transactions International Civil Litigation 2 I. Introduction Every international shipment implicates at least TWO legal

More information

Department of Financial Services Superintendent s Regulations

Department of Financial Services Superintendent s Regulations Department of Financial Services Superintendent s Regulations Part 504 BANKING DIVISION TRANSACTION MONITORING AND FILTERING PROGRAM REQUIREMENTS AND CERTIFICATIONS (Statutory authority: Banking Law 37(3)(4)

More information

Intermec Security Letter of Agreement

Intermec Security Letter of Agreement Intermec Security Letter of Agreement Dear Supplier, Please be advised that Intermec Technologies has joined US Customs and Border Protection (USC&BP) in the Customs-Trade Partnership Against Terrorism

More information

Navigating OFAC demands a map. Access valuable information and key details to stay informed.

Navigating OFAC demands a map. Access valuable information and key details to stay informed. White Paper Navigating OFAC demands a map. Access valuable information and key details to stay informed. February 2010 Risk Solutions Financial Services Introduction This white paper introduces the Office

More information

Customer Master Data: Common Challenges and Solutions

Customer Master Data: Common Challenges and Solutions Customer Master Data: Common Challenges and Solutions By Will Crump President, DATUM LLC Executive Summary Master data within an enterprise is typically segmented by domain, or a category of related data

More information

Infusing Technology to Mitigate Risk in the Supply Chain

Infusing Technology to Mitigate Risk in the Supply Chain W H I T E P A P E R Infusing Technology to Mitigate Risk in the Supply Chain Lean, efficient, and secure supply chains are the lifeblood of most retail organizations. Supply chain management key tasks

More information

Web application security: automated scanning versus manual penetration testing.

Web application security: automated scanning versus manual penetration testing. Web application security White paper January 2008 Web application security: automated scanning versus manual penetration testing. Danny Allan, strategic research analyst, IBM Software Group Page 2 Contents

More information

Top 5 Mistakes Made with Inventory Management for Online Stores

Top 5 Mistakes Made with Inventory Management for Online Stores Top 5 Mistakes Made with Inventory Management for Online Stores For any product you sell, you have an inventory. And whether that inventory fills dozens of warehouses across the country, or is simply stacked

More information

Freight aggregation in order fulfilment lifecycle to achieve better freight planning

Freight aggregation in order fulfilment lifecycle to achieve better freight planning Freight aggregation in order fulfilment lifecycle to achieve better freight planning www.wipro.com Agathian Sannasi Email: agathian.sannasi@wipro.com Table of contents 1. ABSTRACT...02 2. THE SALES ORDER

More information

Globalization Drives Market Need for Supply Chain Segmentation: Research & Key Strategies

Globalization Drives Market Need for Supply Chain Segmentation: Research & Key Strategies Globalization Drives Market Need for Supply Chain Segmentation: Research & Key Strategies Sponsored by: Conducted by: On behalf of: Introduction Businesses continue look to their supply chain operations

More information

INTERNATIONAL CORRESPONDENT BANKS. Knowing Your Customer (KYC) Anti-Money Laundering Prevention of Terrorist Financing

INTERNATIONAL CORRESPONDENT BANKS. Knowing Your Customer (KYC) Anti-Money Laundering Prevention of Terrorist Financing INTERNATIONAL CORRESPONDENT BANKS Registered Name Commercial name (if applicable) Full address of the registered office of the financial institution (Street, town and country) VAT number BIC code Website:

More information

ABBVIE C-TPAT SUPPLY CHAIN SECURITY QUESTIONNAIRE

ABBVIE C-TPAT SUPPLY CHAIN SECURITY QUESTIONNAIRE AbbVie is a participant in the U.S. Customs supply chain security program called the Customs-Trade Partnership Against Terrorism (C-TPAT). Participation in C-TPAT requires AbbVie to ensure that its overseas

More information

Turn Your Business Vision into Reality with Microsoft Dynamics NAV

Turn Your Business Vision into Reality with Microsoft Dynamics NAV Turn Your Business Vision into Reality with Microsoft Dynamics NAV You have worked hard to build a vision for your business. With Microsoft Dynamics NAV, you can turn that vision into reality with a solution

More information

AT&T s Code of Business Conduct

AT&T s Code of Business Conduct August 2015 AT&T s Code of Business Conduct To All AT&T Employees Worldwide: The most basic commitment we make to our customers, our shareholders, and each other is to always conduct ourselves in an ethical

More information

CODE OF ETHICS AND BUSINESS CONDUCT

CODE OF ETHICS AND BUSINESS CONDUCT CODE OF ETHICS AND BUSINESS CONDUCT Date of Issue: 22 January 2015 Version number: 2 LUXFER HOLDINGS PLC Code of Ethics and Business Conduct Luxfer Holdings PLC is committed to conducting its business

More information

LexisNexis Bridger Insight XG False Positive Reduction

LexisNexis Bridger Insight XG False Positive Reduction Technical White Paper LexisNexis Bridger Insight XG False Positive Reduction Help Reduce Reports of False Positives Includes the following search services: Lexis Diligence LexisNexis InstantID International

More information

OFAC. policy & procedure. guide

OFAC. policy & procedure. guide OFAC policy & procedure guide IMPORTANT NOTICESES Important Notice to All Employees OFAC violations have serious consequences. Employees are hereby informed that those who fail to comply with the regulations:

More information

APEC Private Sector. Supply Chain Security Guidelines

APEC Private Sector. Supply Chain Security Guidelines APEC Private Sector Supply Chain Security Guidelines 1 Contents Executive Summary 3 Physical Security 4 Access Control 5 Personnel Security 6 Education and Training Awareness 7 Procedural Security 8 Documentation

More information

Health Insurance Portability and Accountability Act of 1996 (HIPAA) Contents

Health Insurance Portability and Accountability Act of 1996 (HIPAA) Contents Health Insurance Portability and Accountability Act of 1996 (HIPAA) Contents Health Insurance Portability and Accountability Act of 1996 (HIPAA)... 1 Welcome to HIPAA Awareness Training Content... 3 HIPAA

More information

AEO program. (Authorized Economic Operator) Customs & Tariff Bureau Ministry of Finance, Japan

AEO program. (Authorized Economic Operator) Customs & Tariff Bureau Ministry of Finance, Japan AEO program (Authorized Economic Operator) Customs & Tariff Bureau Ministry of Finance, Japan International background The global trading system is vulnerable to terrorist exploitation while the international

More information

White Paper: FSA Data Audit

White Paper: FSA Data Audit Background In most insurers the internal model will consume information from a wide range of technology platforms. The prohibitive cost of formal integration of these platforms means that inevitably a

More information

Freight Forwarder Roles in the Export Transaction. Theresa Sekula

Freight Forwarder Roles in the Export Transaction. Theresa Sekula Freight Forwarder Roles in the Export Transaction Theresa Sekula Presenter Theresa Sekula Manager, BDP Corporate Compliance Team Joined BDP in 2005, various roles including marine procurement, operations,

More information

Purpose Components Examples of Non-Compliance Applicable Laws & Regulations Responsibilities & Management

Purpose Components Examples of Non-Compliance Applicable Laws & Regulations Responsibilities & Management Purpose Components Examples of Non-Compliance Applicable Laws & Regulations Responsibilities & Management The purpose of a Compliance Program is To reduce the risk or error or fraud Designed to ensure

More information

Financial services firms approach to UK financial sanctions. Financial Services Authority

Financial services firms approach to UK financial sanctions. Financial Services Authority Financial Services Authority Financial services firms approach to UK financial sanctions Financial Crime and Intelligence Division (FCID) Foreword by Philip Robinson, Director of FCID April 2009 Foreword

More information

NCUA LETTER TO CREDIT UNIONS

NCUA LETTER TO CREDIT UNIONS NCUA LETTER TO CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION 1775 Duke Street, Alexandria, VA 22314 DATE: June 2005 LETTER NO.: 05-CU-09 TO: SUBJ: ENCL: Federally Insured Credit Unions Bank Secrecy

More information

Overview of Advanced Login Authentication (ALA)

Overview of Advanced Login Authentication (ALA) Overview of Advanced Login Authentication (ALA) In the previous login procedure, authentication requires a valid user ID plus two additional components (your password and the security question). Advanced

More information

TIZEN ASSOCIATION. ANTITRUST GUIDELINES (Last updated November 24, 2012)

TIZEN ASSOCIATION. ANTITRUST GUIDELINES (Last updated November 24, 2012) TIZEN ASSOCIATION ANTITRUST GUIDELINES (Last updated November 24, 2012) These Antitrust Guidelines are part of, and are incorporated into, the Terms of Membership and Bylaws of the Association. Capitalized

More information

Building a Better Export Control Program

Building a Better Export Control Program Government + Regulation Building a Better Export Control Program Nathan Pieri Oct 11, 2010 4:00AM GMT The Journal of Commerce Magazine - News Story Technology Trade Government + Regulation Logistics +

More information

New hospital pioneers intelligent workflow using connected systems

New hospital pioneers intelligent workflow using connected systems Date: August 26, 2015 Author: Rosie Lombardi New hospital pioneers intelligent workflow using connected systems Intelligent building design can improve how a hospital operates in new and significant ways.

More information

Counterterrorism and Humanitarian Engagement Project

Counterterrorism and Humanitarian Engagement Project Counterterrorism and Humanitarian Engagement Project OFAC Licensing Background Briefing March 2013 I. Introduction 1 The U.S. Department of Treasury s Office of Foreign Assets Control (OFAC) administers

More information

SUBJECT: INFORMATION TECHNOLOGY RESOURCES I. PURPOSE

SUBJECT: INFORMATION TECHNOLOGY RESOURCES I. PURPOSE Page 1 of 8 I. PURPOSE To outline the University's policies for students, faculty, staff and others, concerning the use of the University's computing and communication resources, including those dealing

More information

Partners in Protection / C-TPAT Supply Chain Security Questionnaire

Partners in Protection / C-TPAT Supply Chain Security Questionnaire Partners in Protection / C-TPAT Supply Chain Security Questionnaire Dear: Supply Trade Partner As you are aware there have been several changes in the transportation industry over the past few years. One

More information

POSITION PAPER. TOPIC: Cooperative Procurement Great Value (Great Confusion) nigp.org

POSITION PAPER. TOPIC: Cooperative Procurement Great Value (Great Confusion) nigp.org POSITION PAPER TOPIC: Cooperative Procurement Great Value (Great Confusion) nigp.org NIGP 151 Spring Street Herndon, Va 20152 703.836.8900 CUSTOMER CARE: 800.367.6447, Ext. 426 ONLINE: nigp.org nsite.nigp.org

More information

Chapter 2. Concepts and Tasks

Chapter 2. Concepts and Tasks Chapter 2. Concepts and Tasks Introduction ViewDirect-ABS enables you to control your organization s financial information to meet the challenge presented by the Sarbanes Oxley Act and other compliance

More information

Understanding User Roles of Automotive CRM Software

Understanding User Roles of Automotive CRM Software Understanding User Roles of Automotive CRM Software Salesboom.com Providing an end-to-end small business Customer Relationship Management (CRM), Sales Force Automation (SFA) and Enterprise Resource Planning

More information

INTERNATIONAL BUSINESS

INTERNATIONAL BUSINESS INTERNATIONAL BUSINESS PART 4: FREIGHT FORWARDING TABLE OF CONTENTS PAGE INTRODUCTION TO FREIGHT HANDLING AND FORWARDING... 2 CATEGORIES OF FREIGHT... 3 HOW FREIGHT PRICING IS DETERMINED... 4 CARGO INSURANCE...

More information

RFID: The Cure for the Clinical Trial Blues. Joe Pleshek, President & CEO

RFID: The Cure for the Clinical Trial Blues. Joe Pleshek, President & CEO RFID: The Cure for the Clinical Trial Blues Joe Pleshek, President & CEO Contents Introduction... 1 Why RFID?... 1 Why Clinical Trials?... 2 The View from a CRO... 3 It s Not Just About Managing Data...

More information

Anti-Bribery and Books & Records Provisions of. The Foreign Corrupt Practices Act. Current through Pub. L. 105-366 (November 10, 1998)

Anti-Bribery and Books & Records Provisions of. The Foreign Corrupt Practices Act. Current through Pub. L. 105-366 (November 10, 1998) [As of July 22, 2004] Anti-Bribery and Books & Records Provisions of The Foreign Corrupt Practices Act Current through Pub. L. 105-366 (November 10, 1998) UNITED STATES CODE TITLE 15. COMMERCE AND TRADE

More information

GOVERNANCE AND MANAGEMENT OF CITY COMPUTER SOFTWARE NEEDS IMPROVEMENT. January 7, 2011

GOVERNANCE AND MANAGEMENT OF CITY COMPUTER SOFTWARE NEEDS IMPROVEMENT. January 7, 2011 APPENDIX 1 GOVERNANCE AND MANAGEMENT OF CITY COMPUTER SOFTWARE NEEDS IMPROVEMENT January 7, 2011 Auditor General s Office Jeffrey Griffiths, C.A., C.F.E. Auditor General City of Toronto TABLE OF CONTENTS

More information

To get a Rewards link for your Team or Organzation

To get a Rewards link for your Team or Organzation Contents Introduction... 2 To get a Rewards link for your Team or Organzation... 3 To get your Rewards links if you already have a player account... 6 To get your Rewards links if you do not have a Player

More information

Aligning Compliance Program Priorities with Business Objectives

Aligning Compliance Program Priorities with Business Objectives Aligning Compliance Program Priorities with Business Objectives By Jay G. Martin Vice President, Chief Compliance Officer and Senior Deputy General Counsel Baker Hughes Incorporated CAIL Institute for

More information

Anti-Money Laundering and International Sanctions guidance for Coverholders

Anti-Money Laundering and International Sanctions guidance for Coverholders Anti-Money Laundering and International Sanctions guidance for Coverholders Introduction The purpose of this document is to provide general high-level guidance in relation to antimoney laundering ( AML

More information

CVS Pharmacy C-TPAT Requirements For Product Suppliers

CVS Pharmacy C-TPAT Requirements For Product Suppliers CVS Pharmacy C-TPAT Requirements For Product Suppliers To Our Product Suppliers: CVS Pharmacy, Inc. (CVS) is committed to ensuring supply chain security within a framework consistent with Customs-Trade

More information

`DEPARTMENT OF VETERANS AFFAIRS VA SOUTHEAST NETWORK Automated Information System User Access Notice

`DEPARTMENT OF VETERANS AFFAIRS VA SOUTHEAST NETWORK Automated Information System User Access Notice `DEPARTMENT OF VETERANS AFFAIRS VA SOUTHEAST NETWORK Automated Information System User Access Notice I understand, accept, and agree to the following terms and conditions that apply to my access to, and

More information

INSURANCE AGENT AND BROKER COMPLIANCE WITH THE PATRIOT ACT ANTI-MONEY LAUNDERING REQUIREMENTS AND OFFICE OF FOREIGN ASSETS CONTROL REGULATIONS

INSURANCE AGENT AND BROKER COMPLIANCE WITH THE PATRIOT ACT ANTI-MONEY LAUNDERING REQUIREMENTS AND OFFICE OF FOREIGN ASSETS CONTROL REGULATIONS INSURANCE AGENT AND BROKER COMPLIANCE WITH THE PATRIOT ACT ANTI-MONEY LAUNDERING REQUIREMENTS AND OFFICE OF FOREIGN ASSETS CONTROL REGULATIONS This FAQ is not intended to provide specific advice about

More information

Guide to Selecting a CRM Solution for your Distribution Business

Guide to Selecting a CRM Solution for your Distribution Business Guide to Selecting a CRM Solution for your Distribution Business 6 Areas to Consider With so many CRM, Sales Force Automation, and Business Intelligence software packages available today, it can be a daunting

More information

Use of Information Technology Resources

Use of Information Technology Resources Title Policy Area Policy Number (to be assigned by Information Services) See also (related policies) Use of Information Technology Resources Operations College Systems and Resources E.5.1 Sexual Violence

More information

Italy. EY s Global Information Security Survey 2013

Italy. EY s Global Information Security Survey 2013 Italy EY s Global Information Security Survey 2013 EY s Global Information Security Survey 2013 This year s survey our 16th edition captures the responses of 1,909 C-suite and senior level IT and information

More information

DHL CUSTOMS SERVICES TAKING THE COMPLEXITY OUT OF CUSTOMS

DHL CUSTOMS SERVICES TAKING THE COMPLEXITY OUT OF CUSTOMS DHL CUSTOMS SERVICES TAKING THE COMPLEXITY OUT OF CUSTOMS Are you fully COMPLIANT? The international trade and compliance landscape is rapidly changing, and global supply chains are facing major challenges.

More information

Last Updated on 11/06/2008. www.jobprotech.com

Last Updated on 11/06/2008. www.jobprotech.com Last Updated on 11/06/2008 www.jobprotech.com Copyright JobPro Technology, 2008 How to Use this Guide This manual is designed as a reference for JobPro customers. It is not intended to be a replacement

More information

MORE DATA - MORE PROBLEMS

MORE DATA - MORE PROBLEMS July 2014 MORE DATA - MORE PROBLEMS HOW CAN SMBs ADDRESS DATA ISSUES? Data Source In this report, Mint Jutras references data collected from its 2014 Enterprise Solution Study, which investigated goals,

More information

welcome to Telect s Minimum Security Criteria for Customs-Trade Partnership Against Terrorism (C-TPAT) Foreign Manufacturers Training Presentation

welcome to Telect s Minimum Security Criteria for Customs-Trade Partnership Against Terrorism (C-TPAT) Foreign Manufacturers Training Presentation welcome to Telect s Minimum Security Criteria for Customs-Trade Partnership Against Terrorism (C-TPAT) Foreign Manufacturers Training Presentation Minimum Security Criteria Scope Designed to be the building

More information

U.S. Economic Sanctions Laws and How They Affect Insurance Brokers

U.S. Economic Sanctions Laws and How They Affect Insurance Brokers U.S. Economic Sanctions Laws and How They Affect Insurance Brokers The United States Government imposes economic sanctions against several countries and a large number of individuals and entities, in response

More information