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.
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.
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.
Director of Aviation Sentenced for Export Violation
According to the Bureau of Industry and Security, Laura Wang-Woodford, director of Monarch Aviation, was sentenced to 46 months in prison for conspiring to violate an export embargo by exporting controlled aviation parts to Iran. She is also ordered to pay the United States Treasury $500,000.
“We are committed to protect the American public from the national security threat posed by those who would personally profit from the illegal export of U.S. military technology,” said United States Attorney Campbell. Mr. Campbell thanked the Department of Commerce Bureau of Industry and Security (BIS) and the Department of Homeland Security, U.S. Immigration and Customs Enforcement (ICE), the agencies responsible for conducting the government’s investigation.
Wanna stay compliant? Management Dynamics offers Export On-Demand solution, a complete trade automation solution that helps mid-sized exporters establish an Export Management System. It is a framework that describes both administrative and screening responsibilities to help exporters comply with regulations and maintain export privileges.
Find out more about Management Dynamics’ Export On-Demand
To read the full case, click here.
Prevent Illegal Transactions and Increase Cost Savings with Management Dynamics
Companies engaged in global trade face many challenges. They must manage a large amount of information to establish and remain compliant. The challenge is that global trade content is highly complex and ever-changing. Collecting, cleansing and publishing trade content for all of your trade needs is complicated by the number of countries, government agencies and differences in trade agreements.
How do you reduce the stress of managing trade content?
Management Dynamics offers the industry’s most complete trade content, tightly integrated within our suite of enterprise-level global trade software. Global Trade Content covers 122 countries or roughly 99 percent of world trade. The solution sources from over 300 resources in over 25 languages to transform this data into trade content with a network of over 120 trade professionals.
To find out more download the Managment Dynamics’ Global Trade Content brochure.
European Union Announces Anti-Dumping Duties for Several Countries
On Thursday, the European Union (EU) announced it has issued anti-dumping duties on China, Brazil and Armenia for selling aluminum foil, seemless steel pipes and tubes below cost. According to the Journal of Commerce, there is an up to 30 percent duty placed on aluminum foil for the next five years for all three countries.
Furthermore, the EU has placed a nearly 40 percent duty on steel pipe imports from China. Both cases were due to compliants from European producers who sell such products.
To read more, click here.
Calling All Exporters: We Need Your Help!
We would like to invite you to participate in an industry survey on companies’ uses of an Export Management System. With the results, we hope to advance industry knowledge of best practices and better understand export compliance operations and processes across a wide spectrum of organizations.
Take the 2009 Export Compliance Survey
Your answers will be kept strictly confidential and will be reported anonymously.
The findings of the survey will be shared during an upcoming webinar on ‘Key Strategies for Establishing an Export Management System’ on October 13, 2009.
Management Dynamics is a leading provider of global trade management solutions that improve the performance of global supply chain for importers, exporters, logistics service providers, and carriers. Our solutions are used by more than 13,000 global users at some of the world’s most successful 3PLs, carriers, manufacturers, retailers, and high technology companies.
Second University of Tennessee Professor Sentenced in Export Violation
According to the Knoxville News, Professor Daniel Max Sherman was sentenced to 14 months in federal prison on Monday for providing extension information to retired Professor Roth, already convicted of export violation and sentenced to four years in prison.
“I am truly story for my actions in this matter,” Sherman told U.S. District Judge Thomas Varlan. “I apologize for what I did, and I can guarantee it absolutely will not happen again.”
Both Sherman and Roth testified that they did not believe their research was subject to export controls. There is no evidence that Sherman benefited financially from his research. The judge agreed that he did not believe Sherman intend to violate the law, but prison was the most appropiate sentence because of the severity to the crime.
To read more, click here.