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

Captain Compliance to the Rescue: Simplifying Export Compliance!

Posted by Joseph Gabro on Sun, May, 13 2018 @ 12:30 PM

As companies continue to grow, so too do the total shipments and countries in their global supply chain, further complicating existing export compliance processes. Whether it be restricted party lists, export controls, license requirements, or the various regulatory risks exporters face on a daily basis, an automated and configurable solution is needed to make things easier - that's where Captain Compliance comes in!

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Topics: Export Management, Deemed Exports, Export Compliance, Restricted Party Screening

Pilot Freight Services Implements On-Demand Export Compliance Solution

Posted by Kelsey Barker on Tue, Apr, 24 2018 @ 12:58 PM

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 changing government regulations, and that their goods are not being sold to undesirable entities.

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Topics: Export Management, Export Compliance, Restricted Party Screening

Allied Electronics Automates Trade Compliance as Global Sales Grow

Posted by David Hamilton on Mon, Apr, 2 2018 @ 11:50 AM

In today’s competitive retail environment, manufacturers, distributors, and retailers face heightened expectations for product quality and delivery time from customers and suppliers. Beyond growing expectations, companies also contend with increasing regulatory complexity and enforcement, changing embargoes and trade agreements, and competitors rapidly expanding product lines.

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

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

Santa's Restricted Party Screening Could Cost Him this Christmas - Could Yours?

Posted by Mandy Hyde on Tue, Dec, 19 2017 @ 1:00 PM

With the recent changes to export restrictions and sanctions around the globe, Santa may have trouble delivering his presents this Christmas. Although Kris Kringle and a majority of exporters already realize what's at stake if they commit export violations, a recent survey found that only 53% of exporters have a full Export Compliance Program (ECP) in place. For many companies, the variety of components involved with implementing a full ECP can be daunting. One way to begin the process of building a complete ECP is to implement a robust, automated screening process with restricted party screening and sanction capabilities.The recurring revisions to export restrictions and sanctions from governments around the world make it challenging for any company to still be manually screening. The United States, especially, has been busy trying to make updates to exporting policies as the Trump administration re-evaluates Obama-era trade tactics. How sure are you that your company's compliance process is keeping you out of harm's way? Are you prepared for the most recent updates to sanctions and entity lists, as well as potential changes still to come in 2018? If you had to pause before answering either of those questions, you and your company could already be at risk.

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Topics: Export Management, Export Compliance, Restricted Party Screening

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

Posted by Mandy Hyde on Thu, Nov, 9 2017 @ 1:30 PM

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

Cyber-Security Measures Should Include Supply Chain Vigilance

Posted by Eric Sternkopf on Tue, Oct, 24 2017 @ 11:38 AM

October is National Cybersecurity Awareness month, an important reminder to increasing supply chain resiliency with comprehensive denied party screening.

The supply chain is one of the most collaborative environments in an organization, making it one of the most vulnerable. Maintaining a technologically secure global trade environment--while still providing access to all necessary parties around the globe--can seem daunting in today’s fast-paced, digital world. Cybersecurity weighs heavily on the and it is easy to understand why. The speed and global reach of the May 2017 WannaCry ransomware event, which spread over 150 countries in hours, brought home to many companies the cyber risks of an extended supply chain.

Attacks like these, while necessary to defend against, aren’t the only risks companies face in the global supply chain. Companies often think only about securing their networks and digital assets against cyberattacks and breaches, but don’t always protect themselves against criminal entities lurking in the trade shadows.

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Topics: Export Compliance, Restricted Party Screening

Make No Mistake, Denied Party Screening & Sanctions Apply to Embassies Too

Posted by Gary M. Barraco on Thu, Oct, 12 2017 @ 12:25 PM

It’s always hot news when Amazon is referenced in a story, but this time the online retail marketplace giant is in hot water. In August 2017, the media reported that the US Securities and Exchange Commission filed an investigation into the company’s processing and delivery of thousands of dollars worth of orders of consumer products, (including jewelry, home and kitchen appliances and musical instruments), to individuals and entities connected with Iran. Amazon is being investigated for delivering orders to an Iranian embassy, as well as to an individual who may have committed, threatened to commit or supported terrorism.

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Topics: Export Compliance, Restricted Party Screening

GEODIS Selects Amber Road to Boost its Trade Compliance Capabilities

Posted by Kelsey Barker on Wed, Oct, 11 2017 @ 10:28 AM

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

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