Competitive Advantage through Trade Compliance in a Geopolitical World

New article by Johannes Leitner in the journal “Compliance Praxis”

Companies are experiencing a dramatic increase in government intervention such as economic sanctions, embargoes and export controls. In this environment, modern trade compliance management can provide a significant competitive advantage. Today, companies are increasingly confronted with the question of how to run a successful business while complying with sanctions regulations. In particular, managers are faced with the conflicting issues of how to implement sanctions regulations in their day-to-day business and what standards they must adhere to. The purpose of modern and effective trade compliance management is to create an operationalizable framework within which business can be conducted in compliance with sanctions. The article describes the most important steps that need to be implemented for modern trade compliance management. Please follow the link to the article (in German).