Know Your Customer.....and Everyone Between You

Posted by Mandy Hyde

Companies today are exposed to a plethora of risks because of the dynamic and collaborative nature of supply chains. While it's impossible to eliminate all the risks that may exist in the vast business ecosystem, it is possible to mitigate some of these dangers by implementing an export compliance program with a robust restricted party screening strategy.

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Topics: Export Management, Export Compliance, Restricted Party Screening

GEODIS Selects Amber Road to Boost its Trade Compliance Capabilities

Posted by Kelsey Barker

European companies face increasingly complex global trade regulations, especially when ensuring compliance with global sanctions and embargo lists. That's why GEODIS, part of SCNF Logistics, decided that it needed an automated solution to screen its third-party trade partners. 

As a leading European transport and logistics provider with a worldwide network, GEODIS is dedicated to maintaining the highest level of trade compliance. Historically, verification of customers, partners and transactions was handled semi-independently in each of GEODIS’ five lines of business, with some oversight by the group Customs department. As part of its continual drive to improve standards while increasing efficiency, GEODIS looked for a way to automate and centralize those processes.

Using the Restricted Party Screening module in Amber Road’s Export On-Demand solution, GEODIS will be able to transform its screening processes, replacing numerous disparate and partial systems with a single system covering its worldwide operations.

“Solidifying our compliance systems allows GEODIS to grow in a more assured way, as it protects us from risky transactions and enables us to prove to customers that we are compliant with export control regulations,” said Bruno Beauvillier, Group Customs and Export Control Director at GEODIS. “We chose Amber Road because of its ability to maintain hundreds of lists, and the presence of a local Amber Road team in France gave us great value in supporting our decision process.”

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Topics: Export Management, Export Compliance, Restricted Party Screening

Did You Miss Out on BIS Update? Join Our Recap Webinar!

Posted by Kelsey Barker

The Bureau of Industry & Security's annual Update Conference wrapped up last week in DC, where government officials and industry leaders learned and exchanged ideas about export control issues. Attendees discussed hot topics such as trans-shipments, national security, end user errors and enforcement, and the ZTE penalty - the largest ever assessed.

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Topics: Export Management, Automated Export System (AES) Filing, Export License Management, Export Compliance

Export Compliance Violations - Are You In Danger Too?

Posted by Mandy Hyde

Companies violate export compliance laws every day. Either an organization intentionally commits export violations and misleads the government, or simply lacks the proper export compliance program to alert them when in danger. 

Either way, these violations can ultimately lead to millions of dollars' worth of fines, loss of credibility, a tarnished reputation, imprisonment and loss of exportation privileges. Although a majority of companies would never intentionally commit export compliance violations - the latter happens all too often to unsuspecting organizations with an outdated, manual or weak export compliance solution.

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Topics: Export Management, Export Compliance

Making Lemonade in the Age of Trade Restrictions

Posted by Nick Fabretti

Unpredictability around trade protectionism isn't just limited to the US, or even the western hemisphere. For global companies sourcing and shipping around the world, it can be important to know some of the quirkier import and export anomalies, saving time and avoiding headaches from denied shipments and surprise tariffs.

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Topics: Import Management, Export Management, Import Compliance, Export Compliance

Duty Drawback Success Story: A $1.3 Million Return on Investment

Posted by Suzanne Richer

Duty Drawback represents one of Customs’ most long-standing benefits to firms, as it offers companies a refund of up to 99% of taxes, duties and fees paid when imported merchandise is exported or destroyed within certain timeframes. The concept is simple – match your import entry documents with the corresponding export docs, file for expedited payment processing, and voila! Money will flow into your bank account.

As simple as it seems, drawback regulations are among the most complicated, and it is estimated that $2.8 billion dollars is left unclaimed by companies eligible for refund. Enter Amber Road’s Global Trade Academy – after attending the unique 3-day Duty Drawback Certificate Program, attendees have succeeded in securing incredible refunds for their firms.

One great success story is that of Tammy Anderson, Logistics Supervisor with an electronics firm, who in less than one year was able to secure $1.3 million dollars from her drawback program.  

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Topics: Import Management, Duty Management, Export Management, Import Compliance, Export Customs Filing

Moving at the Speed of Trade: Customs Filing Simplified

Posted by Ty Bordner

The world relies on commerce.  Given the current global trade environment and the ongoing shifts in trade policies around the world, customs management is as important as ever. In its 2016 Import Benchmark Report, American Shipper magazine reports that customs self-filing is a growing trend in the industry.  Tools and systems are readily available, providing the shipper with choices in how they file the required information with customs agencies.  Working with third party logistics providers may make sense for some organizations, but leveraging software to file data directly with customs provides added value to many companies.

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Topics: Import Management, Export Management, Import Customs Filing, Export Customs Filing

Export Control Violation Leads to Billion Dollar Penalty

Posted by Joe Gabro

This is an update to a blog post originally published on March 10, 2017.

Update:  Last month, the US Bureau of Industry and Security (BIS) decided to remove ZTE Corporation from its Entity List, allowing the company to continue business in the United States. 

“By acknowledging the mistakes we made, taking responsibility for them... we are committed to a ZTE that is fully compliant, healthy, and trustworthy.”

- Zhao Xianming, ZTE President

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

Upcoming Webinar: The Cost of Non-Compliance

Posted by Chester Yavari

To comply or not to comply, that is the question often faced by companies in regards to their export compliance programs. The amount of political upheaval over the past year will have significant impact on the world of global trade management for years to come. With more political upheaval, financial stress, and regulatory change on the horizon, is your company prepared for the changes to come?

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Topics: Export Management, Export Compliance

Upcoming Webinar: Streamlining Exports

Posted by Chester Yavari

Rome was not built in a day, and neither should your export management or compliance programs. To build these programs your company must develop, implement, adhere to operational policies, procedures, protocols, and guidelines for export compliance operations. Automating the export process with the use of the proper technologies will help provide the structure needed by your company.

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Topics: Export Management, Export Compliance