Question: Is anyone successfully doing BIS 50% screening, or OFAC 50% screening, or Supply Chain Mapping on their own, without a software provider? If yes, would you be willing to share the highlights of how you get your information, your level of success or accuracy, and the time commitment required? Expecting leadership to ask “what’s […]
Question: Is anyone successfully doing BIS 50% screening, or OFAC 50% screening, or Supply Chain Mapping on their own, without a software provider? If yes, would you be willing to share the highlights of how you get your information, your level of success or accuracy, and the time commitment required? Expecting leadership to ask “what’s […]
Question: Is anyone successfully doing BIS 50% screening, or OFAC 50% screening, or Supply Chain Mapping on their own, without a software provider? If yes, would you be willing to share the highlights of how you get your information, your level of success or accuracy, and the time commitment required? Expecting leadership to ask “what’s […]
Question: Hello Compliance folks! With the BIS 50% Rule now in effect, I’m curious to hear how others in the membership are adapting beyond simply purchasing updated restricted party screening content from their RPS providers. Are you also making changes to your due diligence workflows? For example, requesting ownership details at the time of order […]
Question: I have a question about the denied party screening process other companies have in place. Are Trade Compliance or Logistics responsible for managing the Denied Party Lists for ALL entities and transactions in a company or only those entities and transactions that are related to the import and export process – FFs, overseas customers […]
Question: In anticipation of compliance to BIS 50% Rule on ownership screening, who are the screening software vendors providing 3rd party 50% screening capabilities for integration with Oracle ERP aside from the Descartes/Kharon partnership? Answer 1: You can buy the list from Dow Jones or Thomas Reuters (note many companies have been doing this for […]
Question: We are a global business headquartered in the U.S. that uses a third-party company for denied party screening. Our batch screening and new customer screening is run through the third-party system with U.S. Trade Compliance oversight and review. As part of our new customer set up another team will complete ad-hoc screening in the […]
Question: We’re a large company handling over 200 exports each month, and we’re currently exploring alternatives to our existing DPS solution. I’m curious to know what solutions other members are using for their DPS needs. Does anyone have any positive experiences with SAP GTS and Descartes that they could share? Any insights or recommendations would […]
Question: I’m looking for feedback from ICPA members who screen forwarders and vessels selected by their export customers. Specifically, what is the intake process for such information in order to screen in a timely manner? Answer 1: We don’t go fishing for this info, but if it’s provided in the normal course of business we […]
Question: The Deputy Secretary of Defense has determined that the following entities qualify as “Chinese military companies” in accordance with Section 1260H1. One of the entities on the list is COSCO, a shipping line used by many in the industry. Does this mean ‘COSCO’ is now on the denied party list? What are the restrictions […]
Question: When receiving a block in SAP GTS for a business Partner or other entity how do I verify whether the block is on the SPL. Is the BIS record generally present in the SAP GTS system or do I have to download the BIS consolidated list to compare? I would like to know what […]
Question: Is there a difference between OFAC party screening vs. Denied Party Screening? Answer 1: To me, Denied Party Screening is the umbrella term. The OFAC list is one of many lists. There are many govt and non govt agencies (OFAC, Dept of Commerce, DoJ, BIS, CBP, World Bank, IMF,) that have their own list of […]
