20 / 21 Risk management

Module 20

Every company that is part of the international supply chain has a duty to assess, document and monitor the customs-related risks it has. In this module, you will learn about customs risk management as a part of a Compliance Management System (CMS). Modern compliance management is about complying with regulations in day-to-day business in a systematic, integrative, lean and flexible way. 

Lessons

1. Compliance - general
2. Compliance Management System (CMS)
3. Risk management - general 
4. Risk management - customs

There is also an optional video 'Responsibilities under customs law: What does the UCC say about this?'. 

Outcome

At the end of the module, you should:

• Have knowledge of what is the modern approch to compliance;
• Understand the process of compliance management/ the parts of which the Compliance Management System consists;
• Be able to classify and prioritise risks depending on type, possibility of occurrence and potential impact (risk severity);
• Understand the impact of risk analysis and its potential outcomes on operations and the supply chain.

Time

Please plan to dedicate around 4 hours to complete this module.

The risk is assessed differently for each individual company due to the specific and individual structures and circumstances.

Dr Talke Ovie

Who is responsible for determining compliance risks in your company?

Dr Talke Ovie