Trade compliance officers are scrambling — they knew change was afoot but no one expected the speed and wide scope of upheaval in the trade arena. One day presents potential changes with serious ramifications. In this turbulent era, legal and compliance have to maintain calm, avoid over-reaction and remain close to their corporate values and principles. Legal and compliance have to present a steady confidence. ...
The scope of new import tariffs and regulations portends significant operational risks and disruptions. It is easy to imagine numerous companies that depend on imports for production purposes are facing a new set of challenges. This is when companies are at risk of significant disruptions. However, let us hope that many companies are prepared — the disruption caused from the 2020 Pandemic challenged companies to...
Forgive me for overusing the term “convergence” but when the shoe fits, I say “wear it.” If you are managing corporate risks and are responsible for securing export licenses, ensuring that you are complying with OFAC sanctions requirements, interacting with customs and immigration officials around the globe, and conducting third party due diligence to onboard a new agent or distributor, there is no question that...
