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Klatu's E-Commerce Solution Offers Optional Real-Time Denied Parties Screening.
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Added: 04/20/2004
Type: Summary
Viewed: 480 time(s)
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Klatu's E-Commerce Solution Offers Optional Real-Time Denied Parties Screening.
Klatu offers the optional service of full regulatory compliance by automatically checking the parties to an export transaction against government-provided suspect lists. The service accesses databases that are updated daily ensuring compliance with current government list information. Reporting can also be easily developed to meet a client's individualized record-keeping compliance requirements.
If a company exports products, it should determine whether a potential customer appears on any list of suspected or known terrorists or terrorist organizations issued by any Federal government agency, including those designated as such by the Treasury Department and other agencies. Government export controls are mandatory and violations can prove expensive and embarrassing. Matching against government lists can be difficult, costly and time-consuming. These lists usually contain irregularities and inconsistencies such as; mixed individual and company records, names in different order, aliases, and multiple names embedded in the same record.
Each year, companies pay millions of dollars in fines because of export violations and in some cases, violations lead to Federal indictments and prosecution. Companies that have committed violations are subjected to increased scrutiny at the border, which will disrupt your supply chains.
Our engine performs a denied list lookup for the bill-to, ship-to and credit-card or payment parties to a transaction. Any names that return a possible match are reported and generate an alert to the e-store administrator. The exporter can further research and qualify (or disqualify) the buyer and make an informed decision on whether or not to proceed with the transaction.
Among the government lists checked, are the following:
-Department of Commerce Bureau of Industry and Security (BIS) Denied Persons List
-Department of Commerce BIS Entity List
-Department of Commerce BIS Unverified List
-Department of State Arms Export Control Act Debarred Parties
-Department of State Designated Terrorist Organizations
-Department of State Nonproliferation Orders: Missile Sanctions, Lethal Military Equipment Sanctions, Chemical and Biological Weapons Sanctions, Nuclear Sanctions
-Department of State International Traffic In Arms -Regulations (ITAR) Munitions Export Orders
-Department of Treasury Specially Designated Nationals and Blocked Persons
-Department of Treasury Specially Designated Terrorist Organizations and Individuals
About Klatu
Klatu delivers complete international e-commerce business solutions throughout Latin America. Since 1999, Klatu Inc. has focused on IT and Consumer Electronics resellers and is the only international ASP solution provider. eCom, the underlying engine integrates CNET's highly structured content and images with pricing and availability information from major supply chain partners. The functionality includes product pricing and availability, multiple payment methods, a pricing engine, product filtering, multiple INCOTERM pricing, landed-cost pricing, multiple languages, and currencies. The resulting solution is powerful, affordable, and easily customized to a customer's requirements. For more information, please visit www.klatu.net or e-mail us at info@klatu.net |
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