Depending on the nature of the threatand the type of transaction and transport, the ability toprofile risk and the type of potential risk-mitigationintervention will be different. If the predominant risk iseconomic (undervaluation, for instance), a certain set oftransactional data can help profile and identify high-risktargets. In such cases, physical inspection responses willbe not be as effective as conducting post-transactionauditing as the main compliance strategy. Supply-chainsecurity is based on the understanding that industry has anequally strong financial interest in the security andvisibility of goods, and is generally better placed torecognize what is normal behavior as goods move through thesupply chain. Adoption of a contemporary risk-basedregulatory compliance framework vastly improves aninstitution’s overall ability to ensure security whiledelivering improved levels of facilitation.
PDF
download
878987797
028-85220240
