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| Source: AEB website. |
The solution is part of AEB’s ASSIST4 software suite, which not only automates the restricted party screening process but also ensures that exporters comply with all export bans and licensing requirements.
“Compliance regulations and risks are on the rise in today’s evolving global supply chain management scenario. With authorities and legislators around the world keeping a tight focus on rules, restrictions and regulations pertaining to trade, there is an increasing need for businesses to avoid unintended violations and the potential penalties associated with these,” said Frans Kok, General Manager, AEB Asia Pacific.
"Our latest version is well-poised to effectively address global trade compliance, essentials of export control and process screening ensuring our customers’ business transactions are safe.”
Key features of ASSIST4 Compliance & Risk Management version 4.0 include:
Key features of ASSIST4 Compliance & Risk Management version 4.0 include:
- Widgets to enable direct access to the name and file check features.
- Access to more restricted party lists, with direct links to the relevant legislation.
- Tips to help users choose which lists to screen against and how to interpret matches.
- White lists to prevent unnecessary matches by filtering out entries that do not apply.
- Greater clarity in export controls through highlighting which export law is applicable and which national authority has jurisdiction.
Compliance & Risk Management is continuously updated to reflect changes not only in restricted party lists, but also in export control regulations. AEB employs in-house experts to ensure that changes to legislation are immediately implemented in the software.
View a demo of Compliance & Risk Management here.
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