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The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has released its final ruling on amendments in key areas of the Export Administration Regulations (EAR). These changes, focusing on voluntary self-disclosures (VSD) and BIS penalty guidelines, are designed to give the agency more flexibility in enforcing export compliance.   The revisions aim to reduce […]

Accurate product classification is a cornerstone of trade compliance. A simple string of digits may seem insignificant but determining the correct classification code can make or break not just a single transaction but your entire export operation.    As an exporter, it is crucial to understand what is at stake when classifying products. Without dwelling

With the increase in eCommerce and accessibility to international travel, companies continue to grow and expand overseas, finding new business partners, suppliers, and consumers worldwide. This global approach to business allows companies and consumers to save money on manufacturing and access various resources and products.    As these companies start selling and shipping internationally, new

Data privacy and protection are now more widely discussed and debated than ever before. Many consumers demand increasing transparency and security of their sensitive data, while governments worldwide are enacting new laws with parameters on how to transfer data from one country to another legally.    In this challenging data climate, entities involved in global

With natural and man-made disasters on the rise, organizations worldwide are revisiting their security policies and emergency procedures to boost trade compliance and preparedness.    For many globalized organizations, ramping up security means controlling and monitoring who is allowed on the premises of all sites at all times.    How can secure visitor documentation promote

The COVID-19 pandemic saw an acceleration in an already digitally trending trade landscape. E-commerce giants and emerging startups alike continue to seize the opportunities the online market presents.    “In 2024, retail e-commerce sales are estimated to exceed 6.3 trillion U.S. dollars worldwide, and this figure is expected to reach new heights in the coming

Importers and exporters seeking to modernize and streamline operations are looking for the best software for customs clearance.    However, narrowing down the right fit for your organization is easier said than done. Traders are swimming in a sea of customs software solutions to choose from.   How can you wade through all the competition

An effective compliance program hinges greatly on maintaining accuracy in trade documents. However, manual data entry and outdated documentation methods can slow traders down and expose them to the risks of human error. Is there a better way for traders to document their activities? Yes.    Importers and exporters worldwide are saving time and money

Risk assessment and mitigation is a cornerstone in any business model, but especially for organizations involved in global trade. Cross-border transactions and data transfers raise the stakes when compared to domestic deals, exposing participating parties to a realm of additional risks.    Let’s highlight several heavy hitters on the list of potential trade compliance risks,

What if you could scale up operations while simultaneously simplifying internal processes? Trade compliance automation affords traders this very opportunity.     Still, some organizations may hold back from making the switch to a new way of operating. Understandably, they may fear that a new compliance program may be challenging to integrate and costly to deploy.