Goals and advantages of a Trade Compliance Management System

AVOIDING
  • a personal liability of the management
  • a personal liability of the customs and export control officers at management levels
  • a liability of the company
  • violations by executives or line employees
  • the payment of fines
  • complaints in customs and foreign trade audits
  • the withdrawal of customs and export facilitations of procedure
FULFILLING
  • legal and organizational duties of the management and trade compliance officers
ESTABLISHING
  • lean “audit-proof” Trade Compliance Organization with clear competences, roles and responsibilities
  • secure customs and export processes
  • secure delegation and escalation channels
  • confident handling of customers, suppliers, authorities and auditors
  • a good, personal reputation of the management and trade compliance officers
REDUCING
  • fines for breach of foreign trade regulations
  • customs (import) duties

Hagemann Trade Compliance Consulting advises, supports and relieves you on the spot in setting up or improving a Trade Compliance Management System (TCMS) that is individually tailored to your company’s needs. It is primarily based on legal requirements, regulatory recommendations, international standards and best practices.

That includes:

  • Analyzing, designing, creating and establishing the TCMS structure and workflow organization, work and organizational instructions, trade compliance policies as well as the operative customs and export processes.

  • Training for the management and trade compliance officers at management levels on personal liability risks, possibilities to avoid liability, delegation, remaining personal duties, TCMS organization and process design.

  • Regular on-site examination of the TCMS. If necessary: Update of organizational instructions, policies and processes.