U.S. government agencies have noticeably increased enforcement actions – and the severity of penalties – related to violations of international trade laws. In this environment, companies must go beyond manuals on a shelf and promote a culture where trade compliance programs and processes are actively implemented throughout the organization.
Scope & Methodology. Thompson Hine will evaluate your company’s international trade and customs regulatory compliance processes against a set of recommended best practices. We will assess your efforts in three areas:
- Compliance Policies & Procedures – Compliance policies, training programs, third-party screening and compliance obligations, auditing, product classifications and due diligence in M&A transactions.
- Compliance Structure & Reporting – Administrative efficiency and effectiveness, risk management and allocation, and reporting and notifications (i.e., are the right people making the right decisions with the right information?).
- Functions – Company activities, which might include sales, purchasing, supply chain management, recordkeeping, shipping, engineering and manufacturing, research and development, involvement of non-U.S. nationals, use of controlled products, services and technology, and marketing including website).
