The Long Arm of OFAC – How US Sanctions Impact Pretty Much Everyone

Posted by Daniel Smith on Tue, May, 21 2019 @ 11:12 AM

When you think sanctions, there are a few things that probably come to mind: Iran, North Korea, possibly Russia. You may envision munitions being smuggled in Cold War-era trucks by rogue factions of defunct military groups.  You may think only bad actors such as known terrorists are direct targets of US sanctions, and only companies that operate within the US are subject to sanctions rules. If you think this, you’d be wrong.

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Topics: Global Trade Management Software, Import Management, Export Management, Global Trade Management, Global Knowledge

Amber Road Launches Carrier Cargo Screening

Posted by Kelsey Barker on Mon, May, 6 2019 @ 9:30 AM

Today, Amber Road announced a new cargo screening solution to address the challenge carriers face in identifying shipments that may contain prohibited, hazardous, or dual-use goods based only on the limited information provided on a transportation manifest or air waybill.  The solution is ideal for global logistics providers who must aggregate and accurately screen a high volume of shipments from multiple providers to comply with increasingly stringent laws.

The global logistics industry is challenged by trade regulations related to Know Your Customer (KYC) which requires carriers know the shipper, the recipient, and the end-use of the products they carry to ensure that goods are not shipped to a sanctioned party or embargoed country and comply with non-proliferation of dual-use goods unauthorized for general trade.  Customs authorities around the world are increasingly monitoring the effectiveness of logistics providers’ cargo screening processes to determine compliance.  There are numerous examples of companies that use only “exact matching” screening algorithms on names and addresses who have been cited for failing to meet the standard of reasonable care and have been penalized with escalating fines.

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Topics: Export Management, Restricted Party Screening, Export Violations, Global Knowledge

The Importance of the EEA Agreement for Global Business

Posted by Arne Mielken on Thu, Sep, 20 2018 @ 3:48 PM

Amber Road recently participated in a seminar on the European Economic Area (EEA) in Brussels and is providing this report on the main outcomes. The seminar allowed Amber Road’s staff of in-house trade specialists who provide up-to-date content to its Global Knowledge® database, to obtain a thorough, first-hand understanding of the Agreement on the European Economic Area (EEA) and how it integrates Iceland, Liechtenstein and Norway into the EU’s Internal Market.


The Global Knowledge database consists of regulatory controls, restricted party screening lists, product classification data, landed cost data and trade documentation required for global shipments for 160+ countries. Amber Road’s trade specialists gather, translate, interpret and update country-specific trade regulations on a daily basis to maintain the most comprehensive and robust database of global trade content, government regulations, and international business rules available today. A deep understanding of the functioning of the EEA Agreement and the European Free Trade Area (EFTA) are fundamental for the success of Global Knowledge® in Europe.

Here are the key takeaways from the presentations by the EFTA Secretariat, the EEA and Norway Grants, the EFTA Surveillance Authority and the EFTA Court on the day-to-day operation and management of the EEA Agreement, including recent developments and challenges.

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Topics: Global Trade Content, Global Knowledge, Trade Content Specialists

UK Aims to Prep Businesses in Case of No-Deal Brexit

Posted by Gary M. Barraco on Tue, Sep, 4 2018 @ 10:23 AM

With just over six months to go before the ongoing divorce saga of Brexit is finalized, the UK government is preparing businesses for the possibility of a ‘no-deal Brexit’. In this scenario—which they insist is really, really unlikely—the UK and the EU will split on March 29, 2019 without an agreement in place outlining their new relationship. This would affect every business in the EU and UK that conducts cross-border trade, along with companies that currently export to the UK under EU rules.

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Topics: Global Trade Content, Global Trade Management, Global Knowledge

Digitization Creates a Strong Value Chain: Generating Cost Reductions

Posted by David Hamilton on Thu, Jul, 26 2018 @ 1:30 PM

Most business decisions are determined by money, whether its revenue generated or potential savings. Due to increasing globalization in today’s markets, coupled with an unstable regulatory environment, global supply chains are becoming more complex than ever before. This has increased the difficulty of simple day-to-day operations, let alone optimizing costs. The current influx of multiple transportation routes and carriers, updated government regulations, and several other factors will continue to bring hardship unless a strong value chain is obtained.

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Topics: Global Trade Management Software, GTM Best Practices, Supply Chain Visibility, Global Knowledge, Global Supply Chain

Brexit: Journey to the Unknown

Posted by Arne Mielken on Thu, Jul, 19 2018 @ 12:45 PM

On March 29, 2019 the United Kingdom will leave the European Union – and with it the customs union, the EU’s common commercial policy and the European single market, which had hitherto committed the UK to the free movement of labor. Yet with Brexit only some months away, future customs arrangements between the negotiating parties remain totally unpredictable. The uncertainty is poison to global trade.

When we leave the EU, we will also leave the EU Customs Union.”

This was the guiding principle under which the United Kingdom, on its way out of the European Union, first submitted ideas about a future customs collaboration with the EU, including the outline of an independent customs bill.

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Topics: Global Trade Content, Global Trade Management, Trade Regulatory Content, Global Knowledge, Trade Content Specialists

Amber Road and Dow Jones Partner to Deliver Expanded Restricted Party Screening Capabilities

Posted by Kelsey Barker on Tue, Jun, 5 2018 @ 2:13 PM

Today, Amber Road announced a new partnership with Dow Jones Risk & Compliance to offer enhanced Restricted Party Screening (RPS).

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

Staying Grounded in Today’s Global Trade Management Landscape

Posted by Julia Gorman on Mon, May, 14 2018 @ 1:18 PM

The landscape of global trade management has never achieved a consistent pace, and likely never will. Uncertainty has grown to be synonymous with the global trade climate, making it nearly impossible for importers and exporters to maneuver effortlessly. As one might say, a lot of things are up in the air.

Amber Road is proud to sponsor American Shipper’s Global Trade Management Landscape Report: Up In The Air. The report reflects research that exposed an urgent need for global companies to consider initiatives that structure their data and assess how trade policy changes might impact their organizations. The report nods to global trade management systems and services as the most effective solution to global operations. 

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Topics: Global Trade Management, Global Knowledge

Trade Relations are Building a Bigger Wall Between the US and China

Posted by Gary M. Barraco on Fri, Apr, 6 2018 @ 1:45 PM

The tête-à-tête regarding trade between China and the US, the world’s two largest economies, has reached a new level. On Tuesday, April 3rd, the US Trade Representative (USTR) issued a list of over 1,300 products that when imported from China, would carry an additional 25 percent duty. The action doesn’t come as a surprise as both nations have been at odds over President Trump’s open position on the trade imbalance.

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Topics: Global Trade Content, Global Knowledge

Trade Sanctions Update: The Hotbed Gets Hotter

Posted by Gary M. Barraco on Wed, Mar, 21 2018 @ 11:10 AM

In recent years, importers and exporters have needed to stay on their toes regarding changes to trade rules of all kinds, and that is rightly causing trepidation. 

Economic and trade sanctions are the most widespread and powerful means of displaying disdain for one country’s actions on the world stage. Unilateral or bilateral sanctions are strong penalties that restrict trading activity of goods imported from or to a country. They might also be used to assess duties on particular goods in retaliation for another country’s trade sanctions.

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Topics: Import Management, Export Management, Import Compliance, Export Compliance, Restricted Party Screening, Global Knowledge

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