Your Questions Answered - Export Compliance Webinar Series Part 1: Restricted Party Screening

Posted by Mandy Hyde

Earlier this month, Amber Road broadcast the first part of our two-part Export Compliance Webinar Series on Restricted Party Screening. Our presenters Steve Swanson, Director at Amber Road, and Steve Keighley, Solution's Consultant at Amber Road, led an engaging discussion on restricted party screening. The discussion informed attendees about the dangers of using a manual or outdated restricted party screening process, and demoed how our Export On-Demand platform can greatly simplify the ordeal. They received numerous questions throughout the webinar, but unfortunately could not address them all. Therefore, we have compiled Steve Keighley's answers into a Q&A document - here is a preview:

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Topics: Export Management, Restricted Party Screening

Export Compliance Webinar Series Part 1: Restricted Party Screening

Posted by Mandy Hyde

Is your company still manually screening each of the parties within your supply chain looking for denied or restricted parties? For those of you leveraging software to handle this function, how confident are you that your restricted party screening software is being updated as often as each list is? Would your confidence that your software is searching each list be higher, or lower? Restricted and denied party lists around the world are updated on a daily basis, so if you're not using a global and digital screening solution - you could already be in danger of extreme export violations.

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Topics: Export Management, Product Classification, Export Compliance, Restricted Party Screening

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

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

Upcoming Webinar: Understanding the Key Elements of Exporting

Posted by Chester Yavari

As companies like yours look to increase revenues and expand into rewarding foreign markets, uncertainties and complexities await. These lurking uncertainties are the primary challenges and complications with export compliance. Rapid growth for your company often means entering new fertile markets, expanding production, and reaching new customers. All of these factors bring immeasurable pressure to your trade compliance team. 

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Topics: Export Management, Export Compliance, Restricted Party Screening

Is the Mid-Market Ready to Increase Exports? Our Survey Results

Posted by Colleen Bush

Amber Road conducted a survey of nearly 150 mid-market companies to better understand their export compliance challenges and the extent to which they are performing compliance checks today.

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Topics: Export Management, Product Classification, Export Compliance, Restricted Party Screening

Building an Export Compliance Program

Posted by Colleen Bush

The mandatory checks and balances for export compliance are fairly standard, and most global US corporations are aware of them. However, only 53% of exporters surveyed in a study by Amber Road actually have a full export compliance program (ECP) in place. This leaves many organizations vulnerable and at risk of noncompliance. Penalties and fines have been on the rise and all organizations, large and small, are susceptible to committing infractions when not exercising due diligence. 

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Topics: Export Management, Export Compliance, Restricted Party Screening