Export Control Violation Leads to Billion Dollar Penalty

Posted by Joe Gabro on Fri, Mar, 10 2017 @ 10:15 AM

The moment you make the decision to export your products, they become subject to a wide array of controls that go beyond whether an item is permitted into or out of certain countries. Companies must be able to analyze and understand international business rules to ensure compliance with government regulations. Exporting to undesirable or restricted entities can lead to significant fines, criminal penalties, and even the loss of export privileges. But how serious of an issue is this? Really? Earlier this week we learned just that from ZTE’s record-setting export control violation.

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Topics: Export Management, Export Compliance, Restricted Party Screening, Export Violations

Best-in-Class Global eCommerce Capabilities

Posted by Ryan Gudovitz on Mon, Jun, 20 2016 @ 9:00 AM

As the world has shrunk and companies have largely moved their presence online, global trade management (GTM) has become a major factor in supporting eCommerce.

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Topics: Global Trade Content, Global Trade Management, Restricted Party Screening

Iranian Sanctions and the Challenge of Getting Paid

Posted by Arne Mielken on Wed, May, 25 2016 @ 9:30 AM

The recent lifting of some Iran sanctions has created considerable interest in the global trading community. However, while there is optimism and hope that a closed market with big investment and opportunity will open to worldwide trade soon, there is also uncertainty. When is the right time for getting back into trading with Iran? Now? Or should we wait a little longer? The messages sent from governments are, at best, mixed. Since mid-January, the EU and the US have formally lifted important elements of their previously enforced strict sanctions. Trade promotion authorities have started setting up trade missions and we read reports about mega-deals being signed. 

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Topics: Export Management, Export Compliance, Restricted Party Screening, Export Violations

Danieli Group Enhances Global Trade Compliance with Screening Solution

Posted by Kelsey Barker on Tue, May, 24 2016 @ 10:19 AM

In an era of heightened security, determining whether individuals, companies or organizations are restricted from conducting trade is essential. Exporters are responsible for ensuring that they are compliant with government regulations and that their goods are not being sold to undesirable entities.

To safeguard against these risks, Danieli & C. Officine Meccaniche SpA has selected Amber Road's Restricted Party Screening solution to support the company's enterprise-wide global trade compliance initiative.

Danieli & C. Officine Meccaniche SpA is the parent company of Danieli Group, which ranks among the three largest suppliers of equipment and plants for the metals industry worldwide. Headquartered in North-Eastern Italy, Danieli Group includes more than 40 subsidiaries globally, with workshops and implementation projects across the world.

Seeking more comprehensive coverage to support current operations and future growth, Danieli decided to further enhance its compliance controls by implementing a state-of-the-art solution. The company chose Amber Road’s Restricted Party Screening solution, part of the comprehensive Export On-Demand solution that also includes product classification, export controls and export license management as standard modules.

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Topics: Export Compliance, Restricted Party Screening, Global Knowledge, Trade Compliance

New Executive Order Targets Restricted Parties in Libya

Posted by Nick Fabretti on Fri, Apr, 22 2016 @ 1:48 PM

On April 19, 2016, the President of the United States of America issued an Executive Order, “Blocking Property and Suspending Entry into the United States of Persons Contributing to the Situation in Libya.”

The president issued the below statement on Tuesday, April 19th in light of the new executive order.

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Topics: Document Management, Export Management, Export Compliance, Restricted Party Screening

[Aberdeen Group Report] Leveraging Global Trade Management for Frictionless eCommerce

Posted by Ryan Gudovitz on Tue, Apr, 12 2016 @ 9:00 AM

As globalization continues to cause the world to "shrink" and eCommerce rapidly spreads into every retail category, the requirements to source and manage a global supply chain also increase. Whether as part of its strategic direction or in order to keep up with the competition, there are few companies that do not have some type of eCommerce presence.

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Topics: Global Trade Management Software, Landed Cost Calculation, Global Trade Content, Transportation Management, Global Trade Management, Supply Chain Visibility, Restricted Party Screening, Global Supply Chain, Trade Compliance

Slavery Crops Up in the Global Supply Chain

Posted by Gary M. Barraco on Thu, Dec, 17 2015 @ 11:12 AM

Pervasive human trafficking has turned Thailand’s shrimp processing business into a $7 billion dollar industry. But now that human rights watchdogs have exposed the poor ethical practices in this country, grocers and restaurateurs worldwide are denying knowledge of the intolerable conditions workers must endure to produce the tasty morsels we have come to enjoy at a great price.

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Topics: Retail, Import Management, Supply Chain Visibility, Restricted Party Screening, Supply Chain Risk Management

Axalta Reduces Corporate Risk with Amber Road’s Export On-Demand Solution

Posted by Kelsey Barker on Thu, Nov, 12 2015 @ 9:46 AM

As companies grow and move into new global markets, their trade compliance risks expand alongside their growing customer base. Keeping up to date with import and export regulations and denied party screening can become manually intensive and inefficient. For those reasons, Axalta Coating Systems, a leading global coatings company, has started using Amber Road’s Export On-Demand solution.

Axalta develops, manufactures and sells a wide selection of performance and transportation coatings to more than 120,000 customers in 130 countries.  The company is enhancing its IT systems for ERP and other technology solutions to control costs and improve efficiency which included a search for a GTM solution deployed in a software-as-a-service (SaaS) module so they could implement very quickly and at minimal IT cost on a global basis.

“As our customer base continues to grow, we needed the ability to address compliance requirements globally and minimize risk without increasing headcount,” said Lisa Ross, director, global trade compliance at Axalta. “We found the solution in Amber Road’s platform. We look forward to reducing  risk and improving efficiencies as we expand.”

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Topics: Amber Road News, Export Management, Export Compliance, Restricted Party Screening

Amber Road Receives ISO 9001:2008 Recertification

Posted by Kelsey Barker on Fri, Oct, 30 2015 @ 10:41 AM

Amber Road's proprietary process for collecting, translating, interpreting and updating country-specific trade regulations has achieved ISO 9001:2008 recertification.

Amber Road commercialized trade content under the trade name Global Knowledge®. In 2014, Global Knowledge was updated with over 13 million new records, with trade content sourced from government agencies in over 145 countries. Global Knowledge provides the intelligence to power Amber Road's GTM solutions.

The ISO 9001:2008 is an internationally recognized set of standards for quality management systems developed and published by the International Organization for Standardization (ISO). Both the ANSI-ASQ National Accreditation Board (ANAB) in the United States and the United Kingdom Accreditation Service (UKAS) independently verified Amber Road's ISO 9001:2008 compliance.

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Topics: Global Trade Content, Export Compliance, Restricted Party Screening, Trade Regulatory Content, Global Knowledge

BIS Adds 29 Persons to List of Foreign Entities Restricted From Exports of Dual-Use Goods

Posted by Fariba Ahdoot on Fri, Sep, 25 2015 @ 11:17 AM

The Bureau of Industry and Security (BIS) has issued a rule that adds 29 persons in Cyprus, Finland, Romania, Russia, Switzerland, Ukraine (including its Crimea region) and the United Kingdom to its list of entities restricted from receiving exports of dual-use goods from the United States. According to BIS, “dual use export licenses are required in certain situations involving national security, foreign policy, short-supply, nuclear non-proliferation, missile technology, chemical and biological weapons, regional stability, crime control, or terrorist concerns.” This rule is in response to the existing sanctions against Russia for violating international law with Ukraine.

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Topics: Amber Road News, Restricted Party Screening