What do import, export and Customs Trade Partnership Against Terrorism (CTPAT) programs all have in common? Risk!
Customs and Border Protection (CBP), the Bureau of Industry and Security (BIS) and Authorized Economic Operator (AEO) all require a risk model, but many companies are not sure how to build one.
Given that risk models are a major part of the internal control process, every business should develop, maintain and review risk models to drive supply chain and trade compliance decisions. Listen to Suzanne Richer for a Global Trade Academy webinar to uncover how to use data to create unique risk models for your firm.
You will learn how to:
- Recognize the five components of an internal control
- Identify the sources of data needed for various risk models
- Use data analytics to create risk models for import and export processes and cargo security programs
- Establish the key indicators that drive a customs audit
- Initiate corrective actions to reduce the risk of fines or penalties
- Drive the development of control activities
