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Export Controls and Trade Sanctions: How to make the most of Firco Trade Compliance Description

This course provides an overview on the data collection process during a trade life cycle including the compliance review process by using the Firco Trade Compliance tool. The course focuses on the practical tips to maximize effective and efficient trade sanctions compliance.

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Prerequisites:

Previously completing the course on Export Controls and Trade Sanctions: Regulatory Landscape

Who should attend?

Users of Firco Trade Compliance.

How long does it take to complete?

Self-paced, about 1 hour.

How are the attendees assessed?

Attendees must view the course and complete the quiz assessment. Users will receive a certificate upon completion of the satisfaction survey.

Why attend?

The training course will enable you to:

  • Understand the data collection process during a trade
  • Tackle the requirements from a practical perspective
  • Tie the compliance review process to the trade life cycle

Topics covered

  • Understanding real time screening of a trade
  • Configuring screening logics based on risk exposure (geography, customers, activities & goods)
  • Maximizing Data quality:
    • Assessment & improvements to your customer data
    • Standardization & enhancements of global watch list data
    • Understand the various descriptions of restricted goods for effective decision-making
  • Reviewing alerts: holistic reviews of the risks to enable well-informed decisions
  • Tracking vessels throughout the transaction lifecycle for ongoing controls

Enrollment Options

Per Statement of Work or by Yearly Subscription (please contact your LexisNexis Risk Solutions account manager).

For additional information, please contact us at fircoacademy@lexisnexisrisk.com