Here Are The Red Flags You Must Look For When Choosing A Trade Compliance Consulting Firm From a robust compliance program to consistent risk management practices, you go to great lengths to keep your operations compliant when importing or exporting goods, technology, or information for your business. The U.S. government demands that your company comply…
It’s been a year since Russia launched its invasion of Ukraine. During that time, the Treasury Department’s Office of Foreign Assets Control (OFAC) has implemented sweeping sanctions, export controls and other measures against Russia. This includes adding more than 2,500 targets to the SDN List and sanctioning 80% of Russian banks. Now, OFAC is targeting…
“We don’t export anything.” This is something we hear all the time. Sometimes, it’s followed by: “Well, we do ship stuff to Canada. Does that count?” (Pro Tip: Yes, it counts.) But other times, our clients really don’t put something in a box and send it to a foreign country. Yet, they still need help….
Find Out How To Manage The Risks Of Outsourcing Trade compliance is a massive undertaking. Companies involved in exporting and importing goods have a lot on the line if they violate trade regulations. According to the Bureau of Industry and Security, export fines can reach $1 million per violation for criminal cases and $250,000 or…
Trade Compliance Managers Need To Stay Updated One of the questions we often hear is: “How do you stay current on the regulations?” Of course, there’s no single-source answer to this. We attend conferences, webinars, talk to colleagues and follow a range of blogs and websites. All of these help our team stay sharp. If…