Monday, July 11, 2011

Protect Your Business by Hiring A Corporate Trade Compliance Specialist


If your company deals regularly with international import or export trade, you know that compliance with international trade regulations is a serious business. A few decades ago, the regulatory process may have been simple enough for your assistant to keep track of your corporation’s trade compliance, but with the added complexities and strict regulatory crackdowns brought on by today’s political and economic climate, more and more companies are using professional means of tracking their trade compliance. Mega-corporations have taken to setting up their own trade compliance departments, but smaller companies may not have that option, or it may be too cost-prohibitive. Corporate trade compliance consultants like Compliance Assurance LLC can keep your company compliant without sending your books into the red.

Developing a Corporate Compliance Policy

These days, obscure and newly interpreted regulations are giving today’s international trade companies a workout, and there’s no lenience for errors. One simple slip in international trade compliance can result in exorbitant fines, penalties, and interest fees- even possible criminal charges and jail time. It’s vital for the continued success of your company and its ranking members that you have a corporate compliance policy in place, and that it is up to date and rigorously implemented. Corporate trade compliance specialists are adept at assessing a company’s needs and developing a sound corporate compliance policy, or auditing and revising policies that are already in place.

At Compliance Assurance LLC, expert consultants don’t just evaluate your current compliance strategy and develop new procedures, they will work hand in hand with your employees to ensure they have the training and knowledge they require in order to understand and implement your corporate trade compliance policy. Their specialists are skilled at managing the project so you don’t have to, and as an added bonus, they will educate your employees on identifying regulatory compliance issues, implementing solutions, and working out strategies to avoid or deal with future compliance issues. Effective, experienced compliance assistance will help your company maintain safe and legal trade practices, and stay competitive in today’s ever-hardening market.

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