Choice Logistics, the global specialist in outsourced mission-critical service parts logistics services, has announced a â€œDenied Party Screeningâ€ service to help clients comply with U.S. Department of Commerce and Treasury Department regulations for exporting equipment and related components. Company educates clients and raises awareness of evolving federal regulations
NEW YORK – July 20, 2009 – Choice Logistics, the global specialist in outsourced mission-critical service parts logistics services, has announced a “Denied Party Screening” service to help clients comply with U.S. Department of Commerce and Treasury Department regulations for exporting equipment and related components. As part of the service, Choice screens each incoming export shipment against two lists consisting of various denied entities and parties, as well as embargoed countries. Choice has plans to expand the program, and will ultimately conduct comprehensive global compliance screening of more than 70 lists worldwide.
“Export compliance is an emerging issue that is gaining increasing significance in the day-to-day operations for many of Choice’s clients,” said Michael Notarangeli, vice president of field operations. “Since global mission-critical service parts management depends on reliability and efficiency, our role is to help clients navigate these complex regulations, and educate them as new requirements emerge. We believe this service will be a tremendous resource to avoid legal entanglements and stiff financial penalties.”
Choice utilizes automated tools and enterprise systems to review and filter each shipment before processing. This ensures that any concerns are addressed as early as possible to minimize delays. The new screening service also acts as a safety net to each client’s internal controls, offering another layer of security to mitigate risk.
In the event of a compliance issue, Choice’s Global Trade Compliance Group will thoroughly review the matter, advise the client of the potential violation, and work with them to remedy the situation, if possible. These solutions can range from correcting documentation, obtaining new licenses, or taking other legal measures to achieve conformity.
As an added component, Choice proactively monitors for new regulations, or changes to existing standards, to keep clients informed. Choice then refines and alters processes accordingly, to avoid service disruptions.
About Choice Logistics
Choice Logistics provides outsourced service parts logistics services to meet the unique challenges of mission-critical, global service organizations. More than 400 strategic stocking locations (SSLs) around the world provide 24/7 same-day solutions and strategic inventory management. Choice’s focused insight helps leading companies and provides them with a competitive advantage. Avaya, Cisco, Dell, EMC, Fujitsu, Hitachi Data Systems and others have selected Choice as their preferred global provider of outsourced logistics. To learn more about Choice Logistics, visit www.choicelogistics.com; call (800) 593-2108, or e-mail [email protected]