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

AeroTurbine Ramps up Restricted Party Screening Protection and Efficiency

Posted by Kelsey Barker on Tue, Sep, 22 2015 @ 10:59 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. With this situation in mind, AeroTurbine, Inc. has selected the Amber Road restricted party screening (RPS) solution in order to upgrade its compliance processes.

AeroTurbine is a global aviation company specializing in supply chain management solutions, the sale and lease of aftermarket commercial engines, aircraft and parts, technical advisory services and aircraft maintenance to its customers located around the world.

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Topics: Export Compliance, Restricted Party Screening

How Does JACOBS DOUWE EGBERTS Reduce Risk for its Worldwide Coffee & Tea Business?

Posted by Kelsey Barker on Tue, Sep, 1 2015 @ 1:00 PM

Trade regulations and restricted party lists are constantly changing, and many global companies now realize that automated, reliable restricted party screening is an essential part of any comprehensive compliance program. With this insight in mind, global coffee and tea company JACOBS DOUWE EGBERTS has signed a worldwide contract for an automated restricted party screening (RPS) solution.

JACOBS DOUWE EGBERTS is in the process of developing a global corporate compliance strategy and has targeted restricted party screening as the first step towards comprehensive protection.

As one of the world’s largest pure-play coffee and tea companies, Netherlands-headquartered JACOBS DOUWE EGBERTS is the center of an extensive global supply chain. It holds market-leading positions in 18 countries globally as well as a strong emerging market presence. This adds up to hundreds of thousands trading partner entities, all of which will be screened by the Amber Road Restricted Party Screening solution.

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Topics: Import Compliance, Export Compliance, Restricted Party Screening

U.S. and Iran Take a Step Towards Lifting Trade Sanctions

Posted by Fariba Ahdoot on Wed, Jul, 15 2015 @ 2:32 PM

On July 14, 2015, The United States, Iran, Britain, France, Germany, Russia and China reached a Joint Comprehensive Plan of Action to limit Iran’s nuclear program. In exchange, Iran will get billions of dollars in relief from crushing international trade sanctions. Under terms of the deal, "Iran must dismantle much of its nuclear program in order to secure relief from biting sanctions that have battered its economy."

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

Electrocomponents Expands Export Management with Amber Road

Posted by Lisa Feroli on Wed, Jul, 1 2015 @ 10:45 AM

Electrocomponents plc, one of the largest distributors of engineering products, has selected Amber Road’s Trade Automation Export Management solution to expand the Electrocomponents Group’s trade management reach and capabilities, enabling automated product classification, license determination and management and landed cost analysis. With this, the existing automated restricted party screening will become a seamless part of the Group’s overall trade management processes. The full Amber Road solution will be integrated with the Electrocomponents ERP system and deployed across the global supply chain.

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

Top 5 Best Practices in Export Control Audits for 2015

Posted by Fariba Ahdoot on Wed, Jun, 24 2015 @ 12:43 PM

Today’s supply chains are increasingly complex, and companies must manage risks both proactively and reactively to avoid disruptions such as quality issues, shipment delays, product shortages, and excessive expediting costs. Last month, Amber Road attended WIT-NC’s seminar, Best Practices in Export Control Audits for 2015, in Sunnyvale, CA. This event focused on the gold standard for export control audits in a post ECR and cloud computing world. Supply chain professionals attended the full day seminar to determine whether the principles of the Nunn-Wolfowitz Task Force Report of Industry Best Practices Regarding Export Compliance Programs, published in 2000, are still the gold standard for export control audits today.

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

Marine Harvest Ramps-up Restricted Party Screening with Amber Road

Posted by Lisa Feroli on Wed, May, 20 2015 @ 11:01 AM

Marine Harvest ASA, one of the largest seafood companies in the world, and the world’s largest producer of Atlantic salmon, has selected Amber Road's automated Restricted Party Screening Solution to monitor its worldwide trading partners.

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Topics: Amber Road News, Restricted Party Screening

Tüpraş Optimizes Restricted Party Screening with Amber Road

Posted by Lisa Feroli on Wed, May, 6 2015 @ 3:06 PM

Tüpraş A.S. (Turkish Petroleum Refineries Co.), Turkey's largest industrial enterprise, is now using Amber Road's automated restricted party screening solution, following a six week implementation.

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

PayPal Down $7.7 Million in Fines for Violating U.S. Restricted Party Sanctions

Posted by Lisa Feroli on Thu, Apr, 23 2015 @ 3:53 PM

Everyone’s favorite online payment platform has found themselves in a bit of trouble, as the company was fined by the Treasury Department’s Office of Foreign Assets Control (OFAC) $7.7 million for 486 sanctions violations. PayPal is just one in a list of companies who have violated trade sanctions, highlighting the importance U.S. Officials put on restricted party screening and strict compliance with these regulations.

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