{"id":4609,"date":"2016-10-26T12:14:36","date_gmt":"2016-10-26T17:14:36","guid":{"rendered":"http:\/\/supfrt.com\/news\/?p=4609"},"modified":"2016-10-26T12:14:36","modified_gmt":"2016-10-26T17:14:36","slug":"trade-compliance-risk-assessment","status":"publish","type":"post","link":"http:\/\/supfrt.com\/news\/2016\/10\/26\/trade-compliance-risk-assessment\/","title":{"rendered":"TRADE COMPLIANCE: RISK ASSESSMENT"},"content":{"rendered":"<p><a href=\"http:\/\/supfrt.com\/news\/wp-content\/uploads\/2013\/03\/Trade-Compliance-updated.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-1763\" src=\"http:\/\/supfrt.com\/news\/wp-content\/uploads\/2013\/03\/Trade-Compliance-updated-300x70.jpg\" alt=\"Trade Compliance -updated\" width=\"300\" height=\"70\" srcset=\"http:\/\/supfrt.com\/news\/wp-content\/uploads\/2013\/03\/Trade-Compliance-updated-300x70.jpg 300w, http:\/\/supfrt.com\/news\/wp-content\/uploads\/2013\/03\/Trade-Compliance-updated.jpg 826w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>TRADE COMPLIANCE: RISK ASSESSMENT<\/p>\n<p>Risk Assessment is analyzing external threats against company procedures to identify where vulnerabilities exist and what procedures can be implemented or improved to reduce risk.<\/p>\n<p>First thing to do is understanding your business:<\/p>\n<p>What do you ship, how do you ship, where do you ship to, where to you ship from and to whom do you ship?<\/p>\n<ul>\n<li>Who &amp; where are you customers, subcontractors, distributors?<\/li>\n<li>Are compliance safeguards integrated into your processes?<\/li>\n<\/ul>\n<p>Prioritize &#8211; Focus on process gaps:<\/p>\n<ul>\n<li>That are most likely to result in violations &#8211; big fines, etc.<\/li>\n<\/ul>\n<p>Some Risk Examples:<\/p>\n<p>Importing ~<\/p>\n<ul>\n<li>Valuation&#8211;Price calculations, duty avoidance pressure, assists, research &amp; development<\/li>\n<li>Classifications ~\n<ul>\n<li>Unsettled issues<\/li>\n<li>Regular updates<\/li>\n<li>Mapping from one country to another<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Exporting ~<\/p>\n<ul>\n<li>End use\/end user screening for all third party transactions<\/li>\n<li>Lack of compliance integrated into shipping transactions<\/li>\n<li>Commodities or technology subject to import restrictions<\/li>\n<li>Re-export\u00a0restrictions<\/li>\n<\/ul>\n<p>Then the next steps include:<\/p>\n<ul>\n<li>Develop a\u00a0formal set of Policy and Process Documentation<\/li>\n<li>Training &amp; Awareness programs<\/li>\n<li>Recordkeeping &#8211; per the Regulations<\/li>\n<li>Auditing &amp; Assessing plan<\/li>\n<li>Staying abreast of Regulations<\/li>\n<\/ul>\n<p>Stay-tuned here for more posts about\u00a0the &#8216;next step&#8217; topics.<\/p>\n<p>If questions, please contact us at <a href=\"mailto:superior@supfrt.com\">superior@supfrt.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TRADE COMPLIANCE: RISK ASSESSMENT Risk Assessment is analyzing external threats against company procedures to identify where vulnerabilities exist and what procedures can be implemented or improved to reduce risk. First thing to do is understanding your business: What do you ship, how do you ship, where do you ship to, where to you ship from [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"yes","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[6,70],"tags":[14,71],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRADE COMPLIANCE: RISK ASSESSMENT - Superior Freight Services Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/supfrt.com\/news\/2016\/10\/26\/trade-compliance-risk-assessment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRADE COMPLIANCE: RISK ASSESSMENT - Superior Freight Services Inc.\" \/>\n<meta property=\"og:description\" content=\"TRADE COMPLIANCE: RISK ASSESSMENT Risk Assessment is analyzing external threats against company procedures to identify where vulnerabilities exist and what procedures can be implemented or improved to reduce risk. 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