Export Compliance Management Seminar 29 & 31 May 2012: International Trade and Compliance

•

1 like•820 views

International trade transactions must comply with a complex set of international, national, and local laws and regulations. [1] Compliance programs help ensure transactions meet all regulatory requirements to avoid penalties like sanctions or loss of export privileges. [2] Effective compliance requires in-depth knowledge of regulations and how they impact business, a framework to systematically manage compliance, and operational integration into business processes with the right people and tools. [3] Software can help track regulations, screen transactions, and manage licenses to systematically keep transactions compliant.

International Trade & Compliance
dr. Richard Hoff

3 juni 2012

The compliance challenge

$
Bank A Bank B

Importer Exporter
goods/ information

2

The compliance challenge
licenses sanctions &
export
AML/ CFT embargoes
controls

$
Bank A Bank B

registration
& licenses

Importer Exporter
goods/ information

export taxes &
international
controls anti tariffs
law
corruption
sanctions &
embargoes
3

International complexity
every trade transaction is governed by a
different set of rules…

4

However, from practice….
the compliance officer/ department:
prevents business
does not understand business
needs to fix ad hoc issues, TODAY!
always asks for too much budget

business overrules?
does compliance add value?

6

Business case for compliance

Distortions supply Bad performance Reputation risk,
chain towards OEMs, market position,
suppliers, … financial loss,…

Non-compliance
with EU, US and Delays in licensing Black listing, excluded Legal risk,
local sanction & procedures, from access to export business
export control laws suspension, controlled items, export continuity,…
and regulations debarment, non- privileges, banking
payment

Prosecution under
criminal, Legal costs, claims,
administrative or reputational loss,…
civil law

7

Drivers for compliance
laws & regulations
enforcement
reputation
supply chain demands
banks are starting to ask questions
cost of non-compliance

8

Example conversation
This deal means a
great opportunity
Did we check all
regs & licenses?
Come on! We need
this one!

But we need to
make sure that…
My people tell me
that it is OK

And if we don’t do it our
competitors will
We’ll go for it. Next
item.

10

The compliance challenge
how can my organization export
be certain that our trade compliance
transactions meet all framework &
regulatory requirements? organization

how can I be sure that this
transaction
specific transaction can be
due diligence
executed?

11

What is needed to comply?
superior knowledge of regulations (& why)
full understanding of:
business processes
the way risks & regulations impact business
a system to get a grip on a complex and
changing ‘universe of transactions’
a positive business culture (& why)
the people to do it

12

Compliance arena

people
regulations

input/ business business output/
transaction process process transaction

culture
keeping track of license management training
regulations, red flags product classification risk analysis
list management transaction screening reporting
employment checks communication post-transaction

13

Software system as KSF

people
regulations

software system: ‘E&E’
– track regulations – screening, alert handling
– list management – license management
– product classification – transaction due diligence

input/ business business output/
transaction process process transaction

culture

14

Compliance has position!
knowledge
regulations
the way risks & regulations impact business
clear framework
fit with business culture
operational compliance
right people
adequate support
connected with business processes

15

The next step…
identify key risk areas/ trade transactions
export compliance framework, including
role of compliance
implement concrete measures with a view
to the 5 key elements

operate

16

In this presentation from June 2015, Davit Akman and a panel of other antitrust experts provide an overview of recent regulatory and jurisprudential developments in the U.S., Europe and Canada, and their impact on antitrust counselling and risk assessment. Key topics discussed include: • Patent litigation settlement agreements (PLSAs) • Standard setting and conduct involving standard essential patents (SEPs) • Conduct involving patent assertion entities (PAEs)

Breakout Session: Head for the Exit: How to Structure, Negotiate & Close the ...

Healthegy

$C:\Documents And Settings\User\Desktop\Wipo Smes Sha 04 10 B$ $C:\Documents And Settings\User\Desktop\Wipo Smes Sha 04 10 B$

C:\Documents And Settings\User\Desktop\Wipo Smes Sha 04 10 B

asireesha

This document discusses several key issues related to intellectual property (IP) in outsourcing and international trade. It addresses the following main points: 1. Outsourcing involves transferring non-core functions to third-party vendors in order to improve efficiency and reduce costs. However, it also carries risks related to disclosure of proprietary information, ownership of IP developed during the outsourcing process, and potential infringement of third-party IP rights. 2. When outsourcing, companies must implement protections for trade secrets such as non-disclosure agreements, classification of confidential information, and monitoring. Contracts should also clarify ownership of newly developed IP and responsibilities for indemnification. 3. Additional considerations for outs

Out

nadeemzafar

This document summarizes key intellectual property (IP) issues related to outsourcing. It discusses why outsourcing is common, particularly for small- and medium-sized enterprises. It also outlines merits and risks of outsourcing as well as considerations for managing risks. The document then examines IP issues that can arise, such as ownership of IP developed during outsourcing agreements and protecting confidential information. It concludes by emphasizing the importance of thorough termination provisions in outsourcing contracts.

Thompson Ahern-CSCB Trade Compliance Integrity July 2008a

MatrixDesign

The document discusses Canada's trade compliance priorities and strategies. It notes that import and export volumes and values are increasing, while non-compliance levels have also increased. The CBSA developed a new, risk-based compliance program to improve compliance through partnerships and a continuum of responses depending on the compliance level, ranging from trade facilitation to penalties. The priorities focus on tariff classification, origin verification, and valuation verification for specific goods based on compliance risks.

GRI TS-20 Data Sheet

JMAC Supply

This document provides information on the TS-20 Tamper/Plunger Switch Series from G.R.I. The switches have adjustable plungers from 1/4" to 1/2", are 3/8" in diameter making them the smallest in the industry, and have strong spring action and flanges for reliable retention. They are easy to install, replace old mechanical tampers, and come with a lifetime warranty. The switches are available in closed loop, open loop, and SPDT configurations.

GRI and Bloomberg: the value of ESG data

marjella82

This webinar provided an overview of how and why companies should produce their first sustainability report using the Global Reporting Initiative (GRI) framework. It reviewed the key elements of GRI reporting including disclosures, performance indicators, and application levels. It also highlighted resources available from GRI to help with reporting, such as guidelines, sector supplements, templates, and training. Finally, it discussed trends showing increasing adoption of GRI reporting worldwide and in the US.

This document discusses the need for statutory recognition of the Chief Legal Officer role. It outlines the traditional and expanding responsibilities of legal counsel and how a new paradigm is needed to create value. A case study examines how a large, multinational company can establish an integrated legal compliance framework through a Chief Legal and Compliance Officer role. This role would coordinate legal functions across business units, implement standardized processes and policies, and act as the control room for all legal compliance risks and regulatory representation.

Remote Deposit Capture Risk Management & FFIEC Complaince

JTLeekley

This webinar discusses remote deposit capture (RDC) risk management and FFIEC compliance. It provides an overview of the key aspects of the FFIEC guidance on RDC risks, including the three pillars of responsibility, risks, and mitigation. It summarizes various RDC risks and how financial institutions should assess and manage risks related to technology, operations, vendors, customers and more. The webinar emphasizes that RDC implementation requires involvement from many areas of a financial institution and strong risk management practices.

170116 newsletter FinGuard - Regulatory Competition Investigation

Jaya Patten

The 2017 Regulatory and Examination Priorities Letter1, published by FINRA on January 4th, is a fitting reminder of the resolve of Regulators to better execute their mission of investor protection and market integrity. Although the Libor and FX scandals might seem like distant memories, Regulators have continued on the war path. We would like to share some thoughts based on work we have been involved in last year. The idea is to help lawyers and banks have a grown-up discussion and be prepared if, or rather more likely, when, the Regulator knocks at the door.

170116 newsletter FinGuard - Regulatory Competition Investigation

Jaya Patten

170116 newsletter

Jaya Patten

The 2017 Regulatory and Examination Priorities Letter, published by FINRA on January 4th, is a fitting reminder of the resolve of Regulators to better execute their mission of investor protection and market integrity. Although the Libor and FX scandals might seem like distant memories, Regulators have continued on the war path. We would like to share some thoughts based on work we have been involved in last year in a regulatory competition investigation.

idBUSINESS Red Flag Rules Overview

Steven Lane

The document outlines the goals of presenting information on the FTC's Red Flag Rules for identity theft prevention and compliance. It aims to provide an overview of the rules' requirements (the WHAT), demonstrate how the idBUSINESS compliance module can help meet them (the HOW), and explain the importance of compliance (the WHY). Specifically, it discusses the rules' application to businesses that hold covered accounts, the necessary elements of a compliance program, and penalties for noncompliance. It then demonstrates the idBUSINESS module's tools for conducting risk assessments, training employees, and responding to incidents to help organizations achieve and maintain Red Flag compliance.

Ratcheting Regulations in Singapore - How Private Banks can Respond

Nizam Ismail

D&B onboard.pdf

Wilson Kao

This document provides an overview of Dun & Bradstreet's Compliance capabilities and solutions. It discusses how regulatory compliance is largely about managing data related to customers, suppliers, and third parties. It notes the increasing complexity of the global regulatory landscape. The document then outlines the high costs organizations face due to bad data, such as duplicate suppliers and poor quality customer data. It introduces D&B's tools and datasets that help organizations reduce costs, mitigate risk, and ensure regulatory compliance through features like entity resolution, ownership data, screening against watchlists, and monitoring capabilities. In summary, the document promotes D&B's compliance solutions for managing third-party risk, customer due diligence, and overall regulatory compliance through leveraging its global datasets

Legal Management Process: A paradignm shift as a business enabler

ambergupt78

This document discusses the need for an integrated legal compliance framework for large conglomerates operating across multiple jurisdictions and business units. It proposes centralizing legal functions under a Chief Legal and Compliance Officer to standardize processes, policies, and represent the organization to regulators. This integrated approach can help identify and manage legal risks, train staff, and implement controls company-wide instead of managing compliance individually within each business unit. The document provides a case study and proposes a governance structure and processes for implementing such an integrated legal compliance system.

idBUSINESS Red Flag Rules For Dentists

Steven Lane

7 Steps to Build an Effective Corporate Compliance Strategy

Maarten Boonen

The 7-step document outlines building an effective corporate compliance strategy. It discusses (1) understanding compliance and identifying an organization's information values, (2) protecting assets proactively, (3) taking apart basic compliance importance in a quick 7-step process to focus on what matters most to the organization. The document recommends this webinar for organizations with high compliance needs but unknown where to start.

The State of FATCA Compliance

Pegasystems

Pega, Capgemini and partner DLA Piper (a global law firm with extensive experience on FATCA regulations) explore how global financial institutions can fulfill their legal obligations to become FATCA compliant and navigate operational issues and technology requirements. Presenter Information: Alan W. Granwell, FATCA Team Leader, of Counsel, DLA Piper LLP Gerald Francese, Partner, DLA Piper LLP Reetu Kholsa, Global Director, Risk, Fraud and Compliance, Pegasystems Erick Christensen, Vice President, Head of Compliance Practice Financial Services BU, Capgemini This presentation was used as part of a live webcast. You can watch the full recording (with audio) at: http://www.pega.com/resources/webcast-the-state-of-fatca-compliance?utm_source=ss

Front office controls – what are the FCA’s expectations?

Eversheds Sutherland

AIMA Hedge Fund Manager Training, 13th April 2016. Hosted by Mike Booth and Andrew Henderson this session was focused towards portfolio managers, dealers and compliance teams. We had 70+ hedge fund managers register and we covered topics including: • The FCA’s rules applicable for front office controls • The lessons that can be learned from the recent front office controls fines • The respective roles of compliance and front office teams • What firms are doing in practice • A brief overview of the new MAD II / MiFID II rules in the context of front office controls

Cp Outside Knowledge ccm 03.09.08 k n chaudhary

Pavan Kumar Vijay

This document outlines a five-step corporate compliance management process. It involves understanding a company's background and operations, identifying applicable laws based on industry and geography, evaluating compliance gaps, assessing controls and reporting, and establishing an ongoing compliance structure. The process aims to provide companies with the necessary groundwork and ongoing management tools to ensure adherence to relevant regulations.

Compliance at an inflection point

Mohammad Ibrahim Fheili

Langes directorsupdate magpi_september13

davidjac

This document summarizes key points from a presentation on governance issues and risks for directors of mutual organizations. It discusses the changing regulatory landscape, including increased oversight from regulators like APRA and ASIC. It outlines various operational and compliance risks organizations face relating to products, relationships, delivery channels, technology, and penalties for non-compliance. The presentation also covers personal risks for directors, including liability for their own conduct and corporate actions, and ways directors can manage risks through practices like the business judgment rule, proper documentation, and insurance.

ACI's AML & OFAC Compliance for the Insurance Industry PPT (Day 2)

tnguyenaci

This document discusses leveraging existing compliance resources to increase efficiency and reduce costs while ensuring legal and regulatory compliance. It addresses benchmarking processes against other organizations, determining when to outsource functions, and leveraging information across departments. Specific issues covered include the intersection of anti-money laundering (AML), sanctions, foreign corrupt practices act (FCPA), and data privacy laws. Controls and oversight of third parties are also discussed, including potential red flags for FCPA violations related to foreign agents, payments, and high-risk countries or industries.

Navigate the Financial Crime Landscape with a Vendor Management Program

Perficient, Inc.

What is the impact of a failed risk management program as a result of actions committed by a vendor or service provider? Your financial institution may be exposed to reputational damage and financial losses running into billions of dollars. During this webinar, our financial crime and risk management experts discussed current financial crime trends, steps to identifying vendor risks, the need for Know Your Vendor (KYV) and due diligence, and creating a cross-functional risk-based approach to vendor governance.

Fraud risk management

Enterprise Security Risk Management

This document discusses fraud risk management and its relationship to anti-corruption and FCPA compliance in Asia. It outlines common internal fraud risks like shell company schemes and tender rigging. Effective fraud risk management programs include pre-employment screening of staff, knowing your business partners through vendor screening, having a strong code of ethics, and FCPA compliance measures. Such programs help detect fraud and ensure no improper payments are made to foreign officials, reducing corruption risks. Cultural objections to screening are dismissed, and integrating fraud risk management into an FCPA compliance program is presented as an effective strategy.

How your vendor master file is critical to governance, risk management and co...

Oracle

Jon Casher from Casher Associates, Inc & Al Nasser Khan from Control Layers Consulting explained why the Vendor Master File is Critical to Governance, Risk Management and Compliance, and how you can use Oracle GRC Advanced Controls to achieve your Vendor Master Goals, to minimize risks, and achieve much greater compliance and efficiency. You can learn more about this by downloading the presentations

Export Compliance Management Seminar 31 May 2012: The Changing Context of Exp...

EagleCompliance

This document discusses the changing context of export controls. It notes that the purposes of export controls are to restrict military capabilities of other governments, direct their behavior, and promote domestic economic advantage. The current situation sees fewer issues with weapons of mass destruction proliferation but ongoing problems controlling conventional arms and "old" knowledge. Export controls face challenges from growing economic importance of exports, arms trade treaties, European harmonization efforts, and defense industry needs. The conclusion questions whether reform efforts will stagnate and if the UK will accept dependence on the US for military capabilities.

Export Compliance Management Seminar 29 & 31 May 2012: An overview of U.S. Ex...

EagleCompliance

The document summarizes an overview presentation on U.S. export controls and sanctions given by Thomas Crocker of Alston & Bird LLP. The presentation covered the policy, structure, and key concepts of U.S. export controls; item-based controls under the Export Administration Regulations and International Traffic in Arms Regulations; controls based on destination, end-user, and end-use; violations and penalties; the anti-boycott regime; and recent and future reforms to U.S. controls. It provided an in-depth look at the various U.S. export control and sanctions regimes and how they can impact international business operations.

Similar to Export Compliance Management Seminar 29 & 31 May 2012: International Trade and Compliance

Legal Management Process: A paradigm shift as a Business Enabler

Amber Gupta

Remote Deposit Capture Risk Management & FFIEC Complaince

JTLeekley

170116 newsletter FinGuard - Regulatory Competition Investigation

Jaya Patten

170116 newsletter FinGuard - Regulatory Competition Investigation

Jaya Patten

170116 newsletter

Jaya Patten

idBUSINESS Red Flag Rules Overview

Steven Lane

Ratcheting Regulations in Singapore - How Private Banks can Respond

Nizam Ismail

D&B onboard.pdf

Wilson Kao

Legal Management Process: A paradignm shift as a business enabler

ambergupt78

idBUSINESS Red Flag Rules For Dentists

Steven Lane

7 Steps to Build an Effective Corporate Compliance Strategy

Maarten Boonen

The State of FATCA Compliance

Pegasystems

Front office controls – what are the FCA’s expectations?

Eversheds Sutherland

Cp Outside Knowledge ccm 03.09.08 k n chaudhary

Pavan Kumar Vijay

Compliance at an inflection point

Mohammad Ibrahim Fheili

Langes directorsupdate magpi_september13

davidjac

ACI's AML & OFAC Compliance for the Insurance Industry PPT (Day 2)

tnguyenaci

Navigate the Financial Crime Landscape with a Vendor Management Program

Perficient, Inc.

Fraud risk management

Enterprise Security Risk Management

How your vendor master file is critical to governance, risk management and co...

Oracle

Similar to Export Compliance Management Seminar 29 & 31 May 2012: International Trade and Compliance (20)

Legal Management Process: A paradigm shift as a Business Enabler

Remote Deposit Capture Risk Management & FFIEC Complaince

170116 newsletter FinGuard - Regulatory Competition Investigation

170116 newsletter

idBUSINESS Red Flag Rules Overview

Ratcheting Regulations in Singapore - How Private Banks can Respond

D&B onboard.pdf

Legal Management Process: A paradignm shift as a business enabler

idBUSINESS Red Flag Rules For Dentists

7 Steps to Build an Effective Corporate Compliance Strategy

The State of FATCA Compliance

Front office controls – what are the FCA’s expectations?

Cp Outside Knowledge ccm 03.09.08 k n chaudhary

Compliance at an inflection point

Langes directorsupdate magpi_september13

ACI's AML & OFAC Compliance for the Insurance Industry PPT (Day 2)

Navigate the Financial Crime Landscape with a Vendor Management Program

Fraud risk management

How your vendor master file is critical to governance, risk management and co...

More from EagleCompliance

Export Compliance Management Seminar 31 May 2012: The Changing Context of Exp...

EagleCompliance

Export Compliance Management Seminar 29 & 31 May 2012: An overview of U.S. Ex...

EagleCompliance

Export Compliance Management Seminar 29 & 31 May 2012: Global Trade Managemen...

EagleCompliance

OCR Services, Inc. provides global trade management software solutions to help clients comply with international trade regulations. In this presentation, OCR introduces their Global EASE software, which offers end-to-end export/import functionality including denied party screening, product classification, license management, and customs filing. The software aims to streamline and automate global trade processes, reduce costs and delays, and provide access to regulatory information and databases to facilitate trade for importers and exporters operating in multiple countries. A demo then shows how the software can be used to manage product details, classifications, licenses and documentation for international shipments.

Export Compliance Management Seminar 31 May 2012: Exports in the Supply Chain

EagleCompliance

This document summarizes export regulation rules and compliance. It outlines international and domestic sources of export rules, such as the UN, EU, and UK. It discusses why countries implement export regulations, including for protectionism, taxes, and foreign policy. The document also covers export compliance strategies, licensing, record keeping, audits, and potential enforcement actions for violations. Contractual terms are suggested to help ensure all parties in a supply chain comply with changing export rules and regulations.

Export Compliance Management Seminar 31 May 2012: How to Overcome Issues & C...

EagleCompliance

Hitachi has an effective internal compliance program to manage global trade issues and complexities. It includes clearly defined export control organizations, policies, procedures, product and customer screening, supplier screening, sanctions and embargo checks, end use controls, technology transfer controls, foreign trade modules, training, and audits. The program is designed to ensure employees are aware of regulations and receive fast decisions so compliance does not hinder business, while making sure any doubtful exports are reviewed before proceeding.

Export Compliance Management Seminar 29 May 2012: Automated Trade Compliance ...

EagleCompliance

The document discusses the need for automation in trade compliance processes due to increasing regulatory demands and resource constraints for compliance teams. It notes that compliance professionals expect to handle more regulatory information in 2012 but have difficulty finding time to coordinate with other teams and report to executive management due to high workloads. The document also presents an overview of ACS, a company that provides automation and control solutions, and its offerings to help build a global compliance infrastructure and enable more efficient trade operations through automation and standardized processes while ensuring obedience to international trade rules.

Export Compliance Management Seminar 29 May 2012: Key Issues & Complexity in ...

EagleCompliance

This document provides an overview of Momentive, a global producer of specialty chemicals, and discusses the key challenges they face in global trade management and compliance. It outlines their 5-part internal controls program to address these challenges: 1) Management commitment and resources, 2) Policies and procedures, 3) Risk assessment and oversight, 4) Training and communication, and 5) Corrective actions. Momentive has implemented measures like a restricted party screening software, trade compliance group, and targeted training to strengthen their controls program.

Export Compliance Management Seminar 29 May 2012: EU Export Controls and Sanc...

EagleCompliance

The document discusses recent developments in EU export controls and sanctions that increase compliance challenges for companies. It outlines changes to the EU's dual-use export control regulations including a new Annex I reflecting international regime changes and new EU General Export Authorizations. It also describes strengthened EU sanctions against Iran, Syria, Belarus and expanded measures against Myanmar before some were recently suspended. These frequent regulatory changes make it difficult for companies to keep up and achieve compliance.

Export Compliance Management Seminar 29 May 2012: Regulatory Update: Recent s...

EagleCompliance

Export Compliance Management Seminar 29 May 2012: Key Issues & Complexity in ...

EagleCompliance

1) Royal Philips is a large multinational company that operates in the healthcare, consumer lifestyle, and lighting industries with over 119,000 employees worldwide. 2) Global trade management and compliance with export controls presents many complex challenges for manufacturers, distributors, and brokers due to differing technical classifications, destination controls, end-use restrictions, and jurisdictional authorizations across countries. 3) Philips has developed an export controls compliance system called PROTECT that is mandatory for all employees and aims to establish a culture of compliance through risk assessment, control activities, communication and training, and monitoring programs.

More from EagleCompliance (10)