While OFAC’s enforcement actions and guidance points to important steps exporters must take when relying on third-party distributors and other intermediaries, the “reason to know” and affirmative obligations to monitor resale and distribution of products to ultimate users does not appear to be unreasonable or impractical. In terms of best practices, these are issues that need to be addressed. The supply chain and third-party risk...
If I ever told you years ago that the 2021 headlines would be dominated by the “supply chain” crisis, you would have immediately questioned my judgment (and perhaps sanity). The current crisis reflects the roller coaster economic impact of the pandemic. If there ever was a global disruption of severe magnitude, we have been through it. We have all had experience in managing disruptions and...
COVID-19 has had a devastating impact. The public health crisis has caused tragic human loss and is overwhelming the United States healthcare system. Businesses have suffered along with the public. Business face real challenges managing the crisis, their respective supply chains and employees. In the second part of a two-part series, Mike Volkov reviews important business responses and strategies for coping with the pandemic.
Assent Compliance is proud to introduce Supply Chain Insight. This two-day conference inspires supply chain and compliance professionals from around the world through education and networking. Subject matter experts and thought leaders in product compliance, corporate social responsibility and vendor management will share insights to drive innovation and efficiency in your supply chain programs. Join me at the Supply Chain Insight conference this November as...
June 6, 2017 12 PM EST Sign Up HERE Global companies face a variety of risks — anti-corruption, sanctions, export controls, antitrust and money laundering are just a few. Many of these risks, if not all, can be present in the company’s supply chain. In response to this increasing set of risks and enforcement, global companies are integrating compliance strategies to manage its supply chain...
The United Kingdom has a number of interesting ideas and policy initiatives. The UK Bribery Act was a strong statement against corruption, but remains unenforced. The United Kingdom has enacted the Modern Slavery Act, which imposes a number of new requirements on global companies. The Modern Slavery Act is modeled after California’s Transparency in Supply Chains Act, but is much broader in application. The Modern...
