creative trade compliance
3 completely legal compliance shortcuts.
New paths are sometimes also short paths. Technology helps in the fast-moving regulatory world. And cleverness. The topics: BIS Affiliate Rules, AI during match handling, earlier checks.
3 quick wins | 1st floor | 12:22 - 12:52 p.m.
3 quick wins | 1st floor | 2:21 - 3:51 p.m.
BIS Affiliates Rule: Compliance beyond the obvious
12:22 - 12:32 p.m.
2:21 - 2:31 p.m.
Clear bans and restrictions apply to working with sanctioned entities. What is not quite so clear, however, are the ownership structures of your business partners - and what restrictions may be associated with this. When do bans on indirect provisions apply and what is behind the new BIS Affiliates Rule?
This session takes a look at the complexity of these hidden risks. And how the seamless integration of ownership data can take your risk management and due diligence measures to the next level.
Monika Stankova
Trade Compliance Specialist (CCP), AEB
From match to decision: AI evaluation in the TCM Innovation Circle
12:32 - 12:42 p.m.
2:31 - 2:41 p.m.
How do you turn many sanctions list screening matches into a well-founded decision? In this slot, we briefly present an AI use case for evaluating screening matches - not in detail, but as a quick win.
In the TCM Innovation Circle, we want to collaboratively advance our thinking: What are the specific requirements and ideas behind it, what could be done with it, and who would like to contribute to such topics?
More than a dashboard: The key to true trade compliance
12:42 - 12:52 p.m.
2:41 - 2:51 p.m.
Compliance with sanctions and export control regulations is of great importance for companies and their business success. Data, systems, and processes from different departments are affected - including sales, purchasing, production, shipping, human resources, and others.
How can you achieve end-to-end trade compliance in your company and how can you ensure efficiency and transparency in your day-to-day work? A look at the current system reality of many companies and the requirements for true end-to-end trade compliance.