As we start the new year, every compliance professional (and senior executive) should take a moment to acknowledge the amazing efforts made in 2022 by trade compliance professionals to ensure overall compliance with a maze of complex economic sanctions and export controls implemented in response to Russia’s unprovoked invasion of Ukraine.
Looking back on the last few years, organizations have faced unprecedented challenges, beginning first See more +
As we start the new year, every compliance professional (and senior executive) should take a moment to acknowledge the amazing efforts made in 2022 by trade compliance professionals to ensure overall compliance with a maze of complex economic sanctions and export controls implemented in response to Russia’s unprovoked invasion of Ukraine.
Looking back on the last few years, organizations have faced unprecedented challenges, beginning first with the pandemic. Following recovery from the economic disruptions and personal dislocations resulting from COVID-19, corporations were immediately challenged by the global response to Russia’s invasion and disruption, yet again, to their global supply chains.
Starting in February 2022, and almost on a daily basis, the U.S. government, along with its allies and partners, issued new and complex economic sanctions and export controls. Depending on a company’s risk profile, trade compliance officers scrambled each day to maintain compliance, inform relevant business leaders and senior executives of changing risks and requirements for global export and important operations.
Alex Cotoia, Regulatory Manager, joins Michael Volkov to discuss the challenges and accomplishments of the Trade Compliance Officer in the past year. See less -
