Advantage Compliance - Your solution for compliance
Compliance - What does it mean?
The word "Compliance" stands for the abidance of precepts, laws and principles. The anti-terror order of the EU (EG 881/2002 and 2580/2001) has surely adopted an absolutely new dimension in European foreign trade legislation. Any corporate transactions must be carried out in accordance with the applicable regulations with regard to these ordinances. Up to now only deliveries to certain countries which were put under embargo were forbidden or subject to prior approval. Now business contacts are also prohibited to individual people and groups. Listed people, organisations and facilities may neither be directly nor indirectly economically promoted.
Within the scope of international competitiveness this subject is gaining increasing importance for all export-oriented companies. The new regulations require
- the preservation of the status of the "authorised economic partner"
- the European-wide standardization of electronic systems
- risk analysis in connection with the cross-border transportation of goods.
Compliance with dbh Logistics IT AG
The compliance solutions of dbh Logistics IT AG serve as a significant instrument to avoid commercial contacts with companies and people on the boycott and sanction lists according to the applicable regulations.
Extent of the testing
The testing of your data generally takes place on the basis of respective boycott and terror lists:
EU
- VO (EG) Nr. 2580/2001
- VO (EG) Nr. 881/2002
US
- US-SDN (Specially Designated Nationals)
- US-DPL (Denied Persons List)
- US-ENT (The Entity List)
- US-UNV (Unverified List)
- US-DEB (List of Statutorily Debarred Parties)
- US-GO3 (General Order 3 to Part 736)
- US-NPS (Nonproliferation Sanctions)
Switzerland
- SECO Switzerland
Possible application
Our solutions guarantee uncomplicated integration in your logistics processes. The testing of master data and processes can be configured according to your requirements and can be:
- Single Testing
- Real time testing on document entry
- Batch Testing against your adress master data
Unnecessary multiple checks are prevented by the caching mechanism of the Advantage Compliance server against the boycott lists, i.e. unchanged data which has already been checked against current lists does not have to be checked again. This reduces the costs of inquiry, limits the test reports to actual new and changed transaction data and accelerates the inquiry process for larger data sets.
In case of matches immediate measures can be taken by means of the so-called "Real time Matching ".
