Most executives don’t get overly excited about trade compliance. It creates bureaucracy. It holds up products from coming or going. And, it gets in the way. However, this stigma can easily be eliminated with the deployment of a solid and robust global trade management system. With the right global trade management software, a company’s trade…
Tag Archive: SPL
Newsflash: New SPL List Type
On July 31, a new list type titled “561L” was added to the denied party list. Although this list is from the US Department of Treasury and targeted toward financial institutions, it will result in an error in your GTS system, if it is not defined in your SPL settings. If you need help defining…
Newsflash: New SPL List Type Announced
On Monday, April 23rd, the Human Rights Information Technology (HRIT) Executive Order was executed targeting human rights abuses by the governments of Iran and Syria for their misuse of information technology. U.S. persons and companies are prohibited from enagaging in transactions with individuals identified on OFAC’s (Office of Foreign Asset Controls) SDN (Specially Designated Nationals) list. As a result,…
We have a positive SPL Hit. What do we do now?
Once in a blue moon it happens. You run your SPL Blocked Partners report and you find a perfect match to a denied party. Great! The system is doing its job as designed. But, now what do I do?! The identification of a denied party in your system, itself, does not represent a violation nor does it obligate you…
Is Umar Farouk AbdulMutallab a bad guy?
A timeline provided by the State Department officials, who spoke on condition of anonymity, showed that an initial check of the suspect based on his father’s information failed to disclose he had a multiple-entry U.S. visa. The reason was that AbdulMutallab’s name was misspelled. “That search did not come back positive,” said one official, who…
Taking care of “Care Of”
We’ve talked a lot about the Minimum Word Threshold in the last few SPL-related blog entries. This might be the most important concept in SPL, which is the percentage of common words existing between the SPL name and the Business Partner name required for a match to take place (called simply Originating Feature in the…
Big Delta File coming your way
I know we’ve had a lot of focus on SPL recently, but we thought it was important to mention that the MK Data SPL delta file coming your way tonight may cause quite a few blocks. First because it’s enormous (3100 SPL records) and second because there are quite a few of those 1-word AKAs…
Eliminate Weak Aliases: Solution # 2
If you read Weak Aliases: Solution #1 and made it all the way to the final action item without a clear direction for your company, consider your company in good company. Our experience has shown that most companies will need to choose the solution described below. In brief, this solution is to leverage MK Data’s…
Eliminate Weak Aliases: Solution # 1
In the last blog entry, we spoke about the problem of weak aliases and four possible ways to address them. The first two dealt just with the symptoms and the second two were true solutions. Because this topic has generated so much interest and because it can provide such great improvement to your company’s level…
Is David a bad guy?
Maybe you’re not sure how to answer this, so let me help you: Yes, he’s bad. Sorry, but it’s true. Now before you divorce your husband, report your manager to HR or find someone else to cut your hair, you may first want to ask “David who?”. In the world of denied party screening, you…
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Top 10 Benefits of Using SAP Global Trade Services
Most executives don’t get overly excited about trade compliance. It creates bureaucracy. It holds up products from coming or going. And, it gets in the way. However, this stigma can easily be eliminated with the deployment of a solid and robust global trade management system. With the right global trade management software, a company’s trade…
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