Upcoming Webinar: Bringing Compliance into the Boardroom
September 15th, 2010 at 2:00 pm EST. Register Now!
Global trade transactions account for trillions upon trillions of dollars each year, and this number is expanding as we forge into the future. Additionally, it is becoming more complex to manage US and international regulations.
Yet, despite these factors, compliance departments remain woefully underfunded and understaffed. According to our export compliance research, 14.6% of compliance professionals believe that their company’s executive management is not aware of trade compliance.
How do you get executive level cooperation and sponsorship of your initiatives?
Join American Shipper and Management Dynamics for an upcoming educational webinar, “Bringing Compliance into the Boardroom.” This webinar, featuring a panel of global trade experts, will discuss how to get your voice heard when speaking to your c-level executives about enhancing your trade compliance operations.
In this trade compliance webinar, our expert panelists will discuss:
- Pain points of each member in the boardroom
- How these points relate to compliance issues
- Key messaging to use when speaking to each board member
- Tools to use in your presentation, such as quantifying compliance and its effect on the bottom line
- How automation can contribute to your efforts by adding value and saving money
Speakers:
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Virigina Thompson Director, Import/Export Operations & Global Trade Compliance Crate & Barrel |
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Nathan Pieri SVP Marketing & Product Management Management Dynamics, Inc |
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Beth Peterson President BPE |
Register Today for “Bringing Compliance into the Boardroom!
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Upcoming Webinar: Building an Export Management and Compliance Program
American Shipper is hosting an upcoming webinar, “Building an Export Management and Compliance Program.” Sponsored by Management Dynamics (in partnership with BPE), the webinar will take place on July 28th at 2 pm ET. The hour-long round table discussion will include the following expert panelists:
- Beth Peterson, President of BPE
- Joe Burks, Director of Trade Compliance for Cooper Industries
- Nathan Pieri, VP of Product Development and Marketing for Management Dynamics
These experts will discuss best practices for developing your company’s Export Management and Compliance Programs, including:
- Strategic value of your EMCP
- The core elements of an effective EMCP
- The steps required to build an EMCP
- Sharing your strategy with your C-level superiors
Learn how your company can implement processes and systems that ensure compliance with the Export Administration Regulations (EAR). Best of all – it’s FREE! Sign up today.
Sidewalk Sales in NYC for Counterfeit Handbags – Closed.
No more sidewalk sales for counterfeit handbags in New York, at least for these two individuals. On June 11, 2010, two New York individuals were convicted for operating a massive international manufacturing, import and wholesale counterfeit goods business, states the Department of Justice.
Each person faces a maximum of five years in prison and a $250,000 fine for conspiracy to traffic in counterfeit goods, 10 years in prison and a $2 million fine for each of two counts of trafficking in counterfeit handbags, wallets, purses and carry-on bags, and five years in prison and a $250,000 fine for each of two counts of illegally smuggling counterfeit goods into the U.S
So next time you stop to search for a good fake Fendi, just remember it’s a hefty fine for those sellers who get caught.
Firm Receives One of the Largest Fine in U.S. Export Violation History
American Shipper Magazine reports that Balli Aviation Ltd. was sentenced to five years probation and is to pay $2 million for exporting B747 planes to Iran. Balli Aviation plead guilty to issuing three planes to be shipped to Iran without properly obtaining an export license from BIS or receiving authorization from the Treasury Department’s Office of Foreign Assets Control. Furthermore, they continued negotations with Iran even after BIS issued a Temporary Denial Order.
The $2 million fine combined with the $15 million civil settlement is one of the largest fines a company has received in U.S. export violation history.
There couldn’t be a more better example of how important it is to remain compliant then reading about Balli Aviation. Simply using a broker or adding software can help eliminate these huge fines and help keep companies out of court.
Management Dynamics offers an export trade solution that ensures compliance with export requirements of all major trading countries around the world allowing businesses to move goods across borders legally and efficiently.
To read more about the export violator, click here.
To find out more information about Management Dynamics’ Export Solution, click here.
Twitter Weekly Updates for 2009-12-18
- RT @SupplyChainMgt: Chinese Government Procurement Rules Unfair, Industries Say http://ow.ly/168CKT #
- Trade Compliance: GTMBestPractice Twitter Weekly Updates for 2009-12-11 http://ow.ly/168EfZ #
- RT @LogisticsMgmt: Ocean cargo/global logistics: World Shipping Council produces new economic impact report http://bit.ly/573qO6 #
- RT @JoC_Updates: Trade Deficit Narrows as Trade Grows in October: The goods and services deficit shrunk 8 percent to $32.9 bill…… #
- Trade Agreements: Twitter Weekly Updates for 2009-12-11 – Trade Agreements: Twitter Weekly Updates for 2009-12-04 … http://ow.ly/168Gmv #
- Interesting article from @SCBrain: Can Supply Networks be too Flexible? http://bit.ly/6JiKV0 #
- RT @JoC_Updates: New JoC Ten: "10 Strategies to Reduce Supply Chain Costs with LTL" by Greg Steele – http://www.joc.com/node/415220 #
- RT @fcensi: A Quick Tip for Compliance with the New FTC Disclosure Rules http://j.mp/7KxdRU #
- RT @STOCKTWADER: [Asia] N Korea running out of arms export routes http://bit.ly/4L6gHl #
- RT @CCCFinancing: Obama seen notifying Congress soon on trade talks: Reuters WASHINGTON (Reuters) – US business groups widely expect …… #
- Interesting article from @ILMagazine: SC probs faced by footwear industry, w/ case studies: http://bit.ly/7R23TM #
- RT @tradelawnews: Politico: U.S. sentences Iranian lured in sting to 5 years http://bit.ly/5yBNBW #ITAR #sanctions #
- RT @JoC_Updates: House Votes to Extend Trade Programs: Duty-free preferences seen as creating jobs http://bit.ly/7loMaG #joc #
- RT @JoC_Updates: U.S., Japan Reach Open Skies Pact: Agreement would lift restrictions for UPS to compete in air…… #
- So nice to see two competitors working together to benefit all (via @SCBrain): http://bit.ly/7B2ig1 #
- RT @dbmoore: U.K. SAP Users Angry Over SAP Support Price Increases http://dlvr.it/5RS ^LM #
- Cost Control and Reduction are the “New Normal” for Supply Chains (via @logistics_today): http://bit.ly/4Di1rC #
- Auto Industry Shows Signs of Life, But Credit Still a Problem for Many Suppliers (via @SCBrain): http://bit.ly/6C6ELv #
- RT @ReutersPolitics: U.S. preparing to revisit trade pact with South Korea http://link.reuters.com/qyk96g #
- Kraft Foods cuts emissions in their supply chain (via @JoC_Updates): http://bit.ly/7prJJJ #
- Supply Managers Are in Position to Help the Company Lawyers (via @SCBrain): http://bit.ly/5gScM9 #
- Trade Compliance Blog: EU is Going Bananas:… http://www.trade-compliance.org/trade-compliance/eu-is-going-bananas-trade-dispute-ended #
- RT @ElectronicsNews: FTC claims Intel 'stifled competition for a decade': The Federal Trade Commission has issued a complaint against… #
- Trade Compliance: EU is Going Bananas: Trade Dispute Ended – Hurray! The decades long trade fight over bananas has … http://ow.ly/16ahFP #
- Trade Compliance: BBC’s Box to Help the Hungry in Africa – In November, BBC's Box finished its year-long global jou… http://ow.ly/16ahFR #
- Customer service in the supply chain (via @ILMagazine): http://bit.ly/4BMLW5 #
- OWL Sails Ahead with New Order Tracking Portal Powered by Management Dynamics' Supply Chain Visibility Solution: http://bit.ly/5aXSYV #
- Good read: Demand Grows Causes Latin America Large Economic Rebound http://ow.ly/N3Uh #
- Trade Compliance Blog: BIS Export Control Forum… http://bit.ly/6CrBt6 #
- RT @whogivesashittr: UN: Export value of Afghan opium plummeting, says UN anti-drug agency: The potential export value of… #
- Trade Compliance: BIS Export Control Forum: Registration Now Open http://ow.ly/16aGin #
- Interesting article on supply chain challenges. RT @SupplyChainMgt: Which Fire to Douse First? http://ow.ly/16aIzP #
- Trade Agreements Blog: Global Sourc… http://www.tradeagreements.info/trade-agreements/global-sourcing-in-2010 #tradeagreements #trade #
- Whoa, interested to see how this plays out. RT @WSJ: Privacy Groups File Complaint on Facebook to FTC http://bit.ly/4FG4wd #
- RT @CIOonline: Top 10 CIO.com Stories of 2009: http://bit.ly/5LHqkm #
- RT @JoC_Updates: Customs to Cancel Anti-Smuggling Border Program: Customs and Border Protection wants to… http://goo.gl/fb/QXfe #joc #
- RT @SupplyChainMgt: Collaborate procurement saves UK Office of Government Commerce 1.4bn http://ow.ly/16aFTK #
- RT @RILAlogistics: Join the RILA Women in Logistics Network on LinkedIn and connect with other female retail supply chain leaders!… #
- Free Trade Pact Push: http://ow.ly/N9TS #
- Trade Agreements: Global Sourcing in 2010 – The Panjiva Blog has a 2010 outlook article on global sourcing. Among t… http://ow.ly/16aL58 #
- Keys to #supplychain success in 2010 (via @SCBrain): http://bit.ly/51Z7uY #
- RT @WSJ: U.S., Russia Near Arms-Control Deal http://bit.ly/8TajZW #
- RT @complianceweek: This week's compliance news podcast: the wisdom (or not) of adopting shareholder proxy access voluntarily…. #
- RT @WorldCompliance: RT @complianceweek: Ooof: SEC charges FCPA compliance officer at Pride International with FCPA violations…. #
Twitter Weekly Updates for 2009-12-11
- Management Dynamics is attending the CBP Trade Symposium next week. If you'll be there too, pls find us and say hello! http://bit.ly/8VvAjH #
- Trade Compliance Blog: Global Trade M… http://www.trade-compliance.org/trade-compliance/global-trade-management-news #customs #trade #
- Trade Compliance: GTMBestPractice Twitter Weekly Updates for 2009-12-04 http://ow.ly/166IOa #
- Trade Compliance: Global Trade Management News – Check out these recent articles that feature interviews with Manag… http://ow.ly/166IOc #
- Trade Agreements: Twitter Weekly Updates for 2009-12-04 – Trade Agreements: Twitter Weekly Updates for 2009-11-27 … http://ow.ly/166JEn #
- Interesting Industry Week article on funding supply chain risk programs: http://bit.ly/8s2jXM #
- Interesting blog post from @SCBrain: http://bit.ly/6sJu0I #
- Join the GTM discussion & get answers to your global trade mgmt questions in our LinkedIn Group, GTM Best Practices http://ow.ly/JVDb ^LM #
- If you are at the CBP Trade Symposium in DC right now, pls be sure to say hello to the Management Dynamics folks who are there! #
- Retailers describe benefits of SaaS: http://bit.ly/7qTagY #
- Looking for something to do? Take MIT's survey on supply chain risk management: http://bit.ly/5r6Vzf #
- Happy Bday Nafta! RT @kansasag On 12/08/93 the North American Free Trade Agreement signed into law by Pres Clinton http://bit.ly/6hfqD6 ^LM #
- RT @tradegeekgirl: Ahern "100% scanning does not equal 100% security". can i get an amen? heh #CBPTradeSymposium (CBP trade symposium) ^LM #
- Trade Agreements: Happy Birthday, NAFTA! – On this day in 1993, the North American Free Trade Agreement signed into… http://ow.ly/167Apv #
- Time to find a solution if you're not filing already! http://ow.ly/Kg42 RT @refsmith: #CBPTradeSymposium ISF clock is ticking ^LM #
- CBP promises to work with shippers on complying w/ 10+2, even after enforcement measures begin (via @AmericanShipper): http://bit.ly/4zVQH7 #
- Management Dynamics Releases New Trade Portals Product Line: http://bit.ly/8RKFI4 #
- RT @tradelawnews: New Blog Post: House Subcommittee to Hold Iran Sanctions Hearing Next Tuesday http://bit.ly/7AdgLw ^LM #
- Management Dynamics Releases New Trade Portals to better integrate suppliers and Logistics providers in GTM process http://ow.ly/KiLo #
- Trade Compliance Blog: Automating Import… http://bit.ly/7DyDgd #
- RT @JoC_Updates: Customs Establishes Import Safety Center: Customs and Border Protection is setting up a targeting center for i…… #
- RT @GlobalTradeNews: Indonesia Considers Moves to Protect 11 Sectors From China FTA. Read more at http://tinyurl.com/yhqq7f6 #
- Trade Compliance: Automating Import Compliance Video – Here's an informative 8.5 minute video about automating impo… http://ow.ly/167PLa #
- RT @AmericanShipper: CBP Commissioner Ahern promises phased ‘10+2’ enforcement. See: http://tinyurl.com/ygszga9 ^LM #
- Interesting interview w/ execs from P&G and Hershey on contract manufacturing in the CPG industry: http://bit.ly/5fF3tU #
- According to FCIB, in order for the economy to recover, global supply chain must be revived (via @SDCExec): http://bit.ly/4mMxJb #
- RT @it_green: Global Supply Chain Management (SCM) Software Market in Retail Industry 2008-2012 http://bit.ly/5rSD6q ^LM #
- Next best thing 2 being there/watching webinar RT @customslawblog I hope you guys are following @refsmith for #CBPTradeSymposium updates ^LM #
- Trade Compliance: Trade Portals: Trade Compliance Collaboration Ahoy! http://ow.ly/168aYN #
- Trade Agreements: Trade Portals: Trade Compliance Collaboration Ahoy! http://ow.ly/168aYP #
- RT @petersowrey: The CFO'S View of Procurement – CNNMoney.com (press release) http://bit.ly/6miGGY
#procurement ^LM # - Transportation Management's new role in the supply chain (via @LogisticsMgmt): http://bit.ly/6ow3HO #
- Trade Compliance Blog: Global trade management software optimizes sou… http://bit.ly/5jJDAt #
- Trade Compliance: Global trade management software optimizes sourcing strategies & automates trade compliance http://ow.ly/168iI7 #
- RT @ExportGov: Are you familiar with Free Trade Agreements (FTA) and how they can help you? http://export.gov/FTA/index.asp ^LM #
- RT @sManufacturingERP: SCM and PLM: Questions about integration: http://bit.ly/8EcYNo #
- 2009 Next Gen. Virtual SC Conference sessions now available on demand. Thanks @LogisticsMgmt! http://bit.ly/7fLexN #
Iranian To Be Sentenced For Arms Export Control Violations
According to the Associated Press, an Iranian national plead guilty for plotting to ship sensitive U.S. military technology to Iran. He faces up to 140 years in prison for conspiracy, money laundering, smuggling and arms export control violations.
According to the court documents, Amir Hossein Ardebili worked as a procurement agent for the Iranian government. Federal authorities began their investigations after Ardebili contacted a man in Philadelphia about illegal arms trafficking. Ardebili stated in the court documents that he wanted the fire arms for Iran to be able to defend itself against the U.S.
“By his own admission, Ardebili was assisting Iran in preparing for war with the United States,” prosecutor David Hall wrote in a sentencing memorandum.
Sentencing is scheduled for Dec. 14.
To read more, click here.
Japanese Police Arrest Two People For Export Violation
On Tuesday, Japanese police arrested two people for the export of cosmetics, clothes and food into North Korea. This is a trade ban violation between Japan and North Korea, states the Strait Times, a Singapore publication.
Last year, Noriko Nakanishi, 62, an export executive, and her colleague Masaki Ikeyama, 73 shipped cosmetics via China into North Korea, and in August shipped clothing and food.
Since 2006, Japan has enforced the United Nations ruling of the ban of luxury goods, and in June, Japan declared a total trade ban to North Korea.
No information was given as to the next steps for the violators.
To read more, click here.
Watchdog Agency to Push for More FDA Authority
The Journal of Commerce reports that a watchdog agency, Government Accountability Office (GAO) believes food import regulation is lacking in the United States. Inspection and regulation is divided up between three agencies, Food and Drug Administration (FDA), Department of Agriculture (USDA) and Customs and Border Protection making it challenging to notify food shipment information across the board. Each agencies computer systems do not communicate with other agencies to determine potential health risks at the time of import.
A difference that USDA has compared to the FDA is that the USDA has the authority to refuse imports from specific countries if safety or regulations of the food is not healthy for the good of the American people. The GAO would like to see the FDA given that authority.
“Under current law, the FDA cannot prevent food from being shipped to this country,” said Michael Friedman, the FDA’s lead deputy commissioner. “The agency must attempt to identify all unsafe food at the port of entry, an extremely difficult task given the enormous volume of imports.”
Food safety inspection passed in the House of Representatives last summer – actions are still pending on whether the Senate will accept GAO’s recommendations for the FDA.
“A high and growing portion of the American food supply is imported, so it is essential that those foods meet U.S. safety standards,” said Caroline Smith DeWaal, food safety director for the Center for Science in the Public Interest.
To continue reading, click here.
Samsung and Sharp Battle Over Infringed Patent
The U.S. International Trade Commission (ITC) has recommended that the liquid crystal in television monitor and computer screens be banned in the U.S. from maker, Samsung. The ITC ruled that Samsung infringed a patent against Sharp, says the Finanical Times.
Samsung said it plans to ask an appeal court to put the decision on hold.
“We have already developed various ways round [the Sharp patents] so there will be no problems in our business,” it said.
Sharp hopes to strengthens its hold on the U.S. market in LCD displays as Samsung holds almost 20 percent of the market compared to Sharp’s 5 percent.
The ban is unlikely to take effect until after the new year. President Obama has 60 days to reverse the decision if he finds it against the public’s best interest.
To learn more about global trade bans and compliance news, download a Management Dynamics’ GTM Newsletter.
To read the full article, click here