Compliance Due Diligence for International Business

1
Compliance Due Diligence for International
Business

• Trade Facilitation and Enforcement

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Agenda Trade Facilitation and Compliance
1. Online Trade Facilitation Tools
2. Supply Chain Security
3. Consumer Product Safety
4. Foreign Corrupt Practices Act
5. Lacey Act
6. QA
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Online Trade Facilitation Tools

• Import Tools
• Automated Commercial Environment ACE
• Automated Broker Interface (ABI)
• Automated Clearinghouse (ACH)
• Import Security Filing (ISF 10 2)
• Export Tools
• Automated Export System (AES)
• AES Direct

4
Supply Chain Security

• Customs-Trade Partnership Against Terrorism
  (C-TPAT)
• New prototype for product safety
• Free and Secure Trade (FAST)
• Authorized Economic Operator (AEO) in European
  Union
• Mutual recognition among supply chain security
  programs

5
Consumer Product Safety

• US Consumer Product Safety Commission is the lead
  agency working with CBP
• CPS Improvement Act of 2008 funds additional
  resources, including the safety of imported
  consumer goods
• Recent concerns regarding phthalates and lead
  paint in childrens products

6
Foreign Corrupt Practices Act

• Anti-Bribery regulations
• Covers US-based companies and persons, including
  employees and stockholders of corporations
• No foreign official, political party or
  politician may be offered payment or paid to
  obtain or retain business
• US Department of Justice prosecutes FCPA cases

7
Lacey Act

• Regulates the importation of plant-based products
• US Department of Agriculture is the lead agency
  working with US Customs Border Protection (CBP)
  on reporting requirements
• Phased approach to implementation, including
  products containing wood, paper or other
  plant-based materials

8
QA