Global Knowledge®

Is your company struggling with the task of installing an Export Compliance Program (ECP)? We can help! This Wednesday, July 25, catch the third installment of Amber Road’s export compliance webinar series. Broadcasting live at 2pm EST, this webinar will show you how Export On-Demand can help with Shipment Screening & Documentation.

The first two webinars in the series covered the first two steps a company should take when building an ECP: Restricted Party Screening and Product Classification. Once centralized data management and RPS programs have been established, companies can use Export On-Demand to:

• Process an order
• Create pre-mapped shipping documents
• File with the U.S. Census Bureau’s Automated Export System (AES)
• Screen shipments to manage and react to changes in the supply chain in a timely manner

Webinar Presenters:

• Steve Keighley, Solutions Consultant, Amber Road
• Scott Byrnes, VP of Marketing, Amber Road

Don’t miss the final webinar of the series. Register today!
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According to the Bureau of Industry and Security (BIS), ING Bank N.V. has agreed to forfeit $619 million to the Justice Department and the New York County District Attorney’s Office for illegally moving billions of dollars through the US financial system on behalf of Cuban and Iranian sanctioned entities. ING Bank is held responsible for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), as well as violating New York state laws by illegally moving over $2 billion dollars through the US financial systems via more than 20,000 transactions between the early 1990s and 2007. This fine is the largest ever against a bank in connection with an investigation into US sanctions violations.

ING Bank executed this scheme through tactics including:

• eliminating payment data that would have revealed the involvement of sanctioned countries and entities
• advising sanctioned clients on how to conceal their involvement in U.S. dollar transactions
• threatening to punish certain employees if they failed to take specified steps to remove references to sanctioned entities in payment messages

Most upsetting is that these illegal activities occurred with the knowledge and encouragement of members of both the legal and compliance departments.

The bank has also entered a parallel settlement agreement with the Office of Foreign Assets Control (OFAC). As part of the agreement, ING will be required to conduct a full review of its policies and procedures to ensure that its compliance program is functioning effectively.

To read the entire Bureau of Industry and Security (BIS) press release, click here.

For information on Amber Road’s Restricted Party Screening solution, which enables companies to automate the screening process, click here.

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A new white paper released today by Amber Road found that mid-market companies are increasingly at risk for violating U.S. export regulations. This is especially concerning because U.S. export volumes are on the rise. According to a recent U.S. Bureau of Economic Analysis report, U.S. exports grew 7.7% from January 2011 to January 2012.

Amber Road surveyed 150 mid-market companies about their export compliance processes. They found that 23% do not screen for restricted parties prior to engaging with trading partners and customers, and only 41% have a comprehensive export compliance program in place. Not surprisingly, survey respondents pointed to a lack of executive sponsorship as a primary reason for their companies’ trade compliance deficiencies.

To learn more, read the full press release, or download a copy of the white paper.

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Join Amber Road and American Shipper on Wednesday, March 28^th at 2:00pm EDT, for a complimentary webinar: Export Reform Update – Focusing on the Four Singles.
 
The Obama administration’s initiative to reform export regulations is in progress and the effort is now centered on four key areas – known as the “four singles.”  This complimentary webinar will provide exporters with an update on the state of export reform and help them prepare for upcoming changes.  Key topics will include:

• A review of the “four singles”: Controlled items list, Licensing agency, Modern IT system, Enforcement agency
• What impacts these changes will have on exports
• What exporters should be doing now to prepare
• What role GTM technology will play

Webinar Panelists:

• Eric Hirschhorn, Under Secretary of the U.S. Commerce Department’s Bureau of Industry and Security
• Anthony Hardenburgh, VP of Global Trade Content, Amber Road
• Lindsay Meyer, Co-Managing Partner, Venable LLP
• Beth Peterson, President of BPE Global

Learn what your organization should be doing to focus on the “four singles.”  Register today!
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President Obama recently signed an executive order, establishing the Interagency Trade Enforcement Center (ITEC) within the U.S. Trade Representative (USTR).  The Obama administration is aimed at doubling exports by the year 2015, and this new agency will help facilitate that goal.
 
According to Ron Kirk, Ambassador of USTR, the ITEC is among the most significant commitment of resources and expertise since the establishment of the USTR. The purpose of the Interagency Trade Enforcement Center will be to coordinate U.S. trade rights under international agreements, monitor unfair trade practices, as well as identify and eliminate foreign trade barriers. These tasks will hopefully curb the production of counterfeit and unsafe goods and improve market access for U.S. exporters. The ITEC will also strengthen trade enforcement of intellectual property laws.
 
Chairman of the House Trade Working Group, Rep. Mike Michaud (D-Maine), said, “Signing this order brings us one more important step closer to the level of trade enforcement we need to counter the predatory practices of countries like China.”
 
Based on the signed executive order, the mission and function of The Interagency Trade Enforcement Center will be to:
 
(a) serve as the primary forum within the Federal Government for USTR and other agencies to coordinate enforcement of U.S. trade rights under international trade agreements and enforcement of domestic trade laws;
 
(b) coordinate among USTR, other agencies with trade related responsibilities, and the U.S. Intelligence Community the exchange of information related to potential violations of international trade agreements by our foreign trade partners; and
 
(c) conduct outreach to U.S. workers, businesses, and other interested persons to foster greater participation in the identification and reduction or elimination of foreign trade barriers and unfair foreign trade practices.
 

Join Amber Road on Wednesday, February 22^nd at 2:00pm EST, for a complimentary webinar showcasing TradeWizards.com, a new cloud-based portal that enables companies to classify products, calculate duties and taxes, and screen for restricted parties…for FREE!

During the “TradeWizards.com: Answers to Your Tough Trade Questions” webinar, industry experts will review the challenges companies are facing when it comes to importing and exporting, and show you how TradeWizards.com can help combat those challenges.

Speakers will include:
Scott Byrnes, Vice President of Marketing, Amber Road
Steve Keighley, Solutions Consultant, Amber Road

Join us to learn how TradeWizards.com can help you tackle your compliance challenges.  Register today!
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Amber Road, a leading provider of Global Trade Management solutions, announces the launch of its latest trade compliance product, TradeWizards.com, a free cloud based portal for global trade.  TradeWizards.com is a suite of nine different research tools that helps organizations quickly answer questions related to the cost and compliance risks associated with importing and exporting goods.

TradeWizards.com will enable users to instantly perform numerous global trade activities including: restricted party screening, product classification, and landed cost calculations..  What used to require hours of manual interpretation of trade rules is now an automated process achieved instantly via TradeWizards.com.

Find out how you can streamline the trade compliance process at your company. Watch the TradeWizards.com tutorial.

To read the full press release, please click here.

Part Three: Shipment Screening & Documentation

The third and final webinar in this series will be held on Friday, November 18^th at 2:00pm EST and will review Shipment Screening & Documentation, the final step in building an Export Compliance Program.

During this webinar, we will discuss key best practices related to automating your export compliance process, including:

• The importance of transactional screening and why it is a necessary requirement in any compliance program
• How managing product compliance details can help validate the data used on export documentation and reduce delays at the border
• How to leverage the data from the export order to automatically determine and create key export documents and file directly with AES

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Amber Road (formerly Management Dynamics)

Register today and learn how you can take the final step in establishing an Export Compliance Program!
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Part Three: Shipment Screening & Documentation

Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The third and final webinar in this series will be held on Friday, November 18^th at 2:00pm EST and will review Shipment Screening and Documentation, the final step in building an export compliance program.

During this webinar, we will discuss key best practices related to automating your export compliance process, including:

• The importance of transactional screening and why it is a necessary requirement in any compliance program
• How managing product compliance details can help validate the data used on export documentation and reduce delays at the border
• How to leverage the data from the export order to automatically determine and create key export documents, and file directly with AES

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Join us to learn how you can take the next step in establishing an Export Compliance Program!
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Part Two: Product Classification

Join Customs & Trade Solutions, Inc. and Management Dynamics for a complimentary three-part Export Compliance Webinar Series, which will address the three key steps of any Export Compliance Program (ECP): Restricted Party Screening, Product Classification, and Shipment Screening and Documentation.

The second webinar will be held on Friday, October 21^st at 2:00pm EDT and will review Product Classification; the second step in building an export compliance program.

During this webinar, we will discuss the advantages of maintaining your own product classification database, as well as:

• Automation tools that can help your business save valuable time and reduce cost
• Up-to-date global trade content that can increase efficiency and decrease your risk in the case of an audit
• Product Classification best practices for sustaining these processes as your company’s global reach and product lines grow

Speakers will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc.
Sanjeev Williams, Product Manager, Management Dynamics

Register for the webinar today!

Mark your calendars for the final webinar in this series!
Shipment Screening & Documentation: Friday, November 18
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