Compliance with Export and Import Controls
International trade is complex and requires knowledge and expertise in planning and execution. The export control regime of the United States involves some 22 separate agencies—from Homeland Security to the Fish & Wildlife Service. The import regime of the target country must be considered as well.
The exporter as U.S. Principal Party in Interest or USPPI has a special responsibility to adhere to the U.S. export control regime. Denied Party Screening utilizing U.S. Commerce Department, Office of Foreign Assets Control (OFAC), and U.S. Department of State databases as well as Know Your Customer (KYC), Anti-Money Laundering, Foreign Corrupt Practices Act (FCPA), Anti-Boycott, Special Designated Nationals are just a few of the considerations that must be used in determining the appropriateness of an export.
From the freight forwarder’s power of attorney to the entry protocol of certain shipments, the exporter of record and USPPI must be fully versed in the compliance process. Everyone in the supply chain must also adhere to the compliance standards set by the USPPI.
USITS supports the U.S. export control regime and we carefully research the regulations of the target market in order to ensure that our clients get paid as quickly as possible for an export without violating the myriad rules and regulations which may be applicable.
The international marketplace is increasingly fraught with complicated and grave security risks, such as cyber terrorism and narco-trafficking, which threaten the efficiency and safety of international trade transactions. We do not take these threats lightly. USITS has standards and protocols to deal with any threat to your transaction. We have experience in dealing with routed