Your Questions Answered - How to Tackle the 8 Steps to Building an Export Compliance Program

Posted by Mandy Hyde

Last month, Amber Road broadcasted the webinar, How to Tackle the Eight Steps to Building an Export Compliance Program (ECP). Our presenters, Steve Swanson, Director at Amber Road, and Suzanne Richer, Director of Trade Advisory Practice at Amber Road's Global Trade Academy, led an engaging discussion on these newly updated steps towards complete export compliance. They received numerous questions throughout the webinar, but unfortunately could not address them all. Therefore, we have compiled their answers into a Q&A document - here is a preview:

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Topics: Export Management, Export Compliance, Restricted Party Screening

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

Posted by Mandy Hyde

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

Webinar: How to Tackle the Eight Steps to Building an Export Compliance Program

Posted by Mandy Hyde

Governments around the world are cracking down on export-related violations and the often unsuspecting companies who commit them. These companies are then hit with hefty fines and penalties, usually related to an easily-avoidable vulnerability in their export compliance program (ECP). The Bureau of Industry and Security (BIS) has released an eight step guide on how to implement an ECP that will help to shield your company from these export violations. Unfortunately, for small to midsized exporters these eight steps can be daunting.

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Topics: Export Management, Export Compliance

Global Trade Alert: New Cuba Restricted Party List Released

Posted by Mandy Hyde

In June 2017, President Trump announced forthcoming changes to the Cuba sanctions program in his "National Security Presidential Memorandum Strengthening the Policy of the United States Toward Cuba" ("Cuba NSPM"). These changes reflected modifications to be made to the broader Cuba reform initiated by former President Obama in January 2015 - much of which is still in effect today. While a surprising announcement in itself, US citizens and residents (luckily) were not subject to the restrictions until the policy was shaped into official regulations.

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Topics: Export Management, Export Compliance, Restricted Party Screening

Webinar Q&A: You KNOW Your Customer: But What About ALL of the Parties in Between You?

Posted by Mandy Hyde

Last month, Amber Road broadcasted the webinar, You KNOW Your Customer: But What about ALL of the Parties in Between You? Our presenters, Steve Swanson, Director at Amber Road, and Steve Keighley, Solutions Consultant at Amber Road, received numerous questions throughout the webinar. Unfortunately, they did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

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Topics: Export Management, Export Compliance, Restricted Party Screening

Upcoming Webinar: You KNOW Your Customer: But What About ALL of the Parties in Between You?

Posted by Mandy Hyde

As companies begin to expand and increase their exports, their risk profile increases exponentially. Supply chains are dynamic, so the number of contacts your organization interacts with changes constantly. If you are not actively screening your customers and ALL of the parties in between, you could already be at export compliance risk. Would you be willing to risk paying high fines, jeopardizing your company's reputation, or even your personal freedom because of your organization's current screening processes?

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Topics: Export Management, Export Compliance, Restricted Party Screening

BREXIT, THE BUMPY ROAD AHEAD: EU Tariff Rate Quotas

Posted by Arne Mielken

Negotiations resumed the first week of September in Brussels over Britain’s exit from the European Union (EU). Since the last round of talks in July, the United Kingdom (UK) has published a series of position papers on various Brexit issues, including the future customs cooperation with the EU (Open for Business: Customs at the Forefront of the UK’s New Special Partnership with the EU). There is also talk of a transition for the immediate period after Brexit. Real chances of discussing these issues are not dependent on Great Britain alone, but on what transpires at an EU October summit authorizing the start of trade negotiations.

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

NAFTA 2.0 – Round Two of Negotiations

Posted by Jonathan Dicks

The second round of the NAFTA Modernization negotiations concluded on September 5th in Mexico City. Although progress was declared by the three parties, they have chosen to postpone discussions of major sticking points. The second round of negotiations included tabling two dozen drafts for a modernized NAFTA agreement.

Chief U.S. negotiator and US Trade Representative Ambassador Robert Lighthizer, concluded the second round on a conciliatory note. In his closing statement, Lighthizer indicated that the United States, Mexico, and Canada “found mutual agreement on many important issues.”

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Topics: Free Trade Agreements

NAFTA 2.0 – Round One of Negotiations

Posted by Jonathan Dicks

The first round of negotiation meetings of North American Free Trade Agreement (NAFTA) 2.0 were held in Washington D.C. on August 16-20, 2017. The negotiating parties convened to modernize the NAFTA agreement (implemented in 1994) at the request of the Trump Administration. Trump has repeatedly threatened to withdraw from the Agreement, unless new terms (favorable to the U.S.) are struck.

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Topics: Import Compliance, Export Compliance, Trade Regulatory Content, Free Trade Agreements

Extreme Export 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

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