The world relies on air cargo for fast, efficient trade. Yet as regulations tighten with regard to trade sanctions and dual-use goods, the risks to air cargo organisations increase. Immediate risks of a violation can include fines, landing restrictions and loss of import/export rights – not to mention criminal liability for individuals.
An even bigger potential consequence, seen as “severe” by IATA, is the “serious loss of reputation” that could arise from a compliance failure. In the event of such a failure, that loss of reputation could affect not only the air cargo business, but also the parent brand – especially if a breach occurs on a passenger-carrying airliner.
Download the brochure and learn how our Firco Trade Compliance solution helps air cargo carriers mitigate sanctions and export risks. Learn how this solution can:
- Reduce reputational and financial risk with better sanctions and export screening.
- Automate the screening of airway bills (AWBs) for sanctions and dual-use goods.
- Manage high volumes of screening in tight turnaround times with minimal resources, to keep business moving.
- Customise screening to match in-house policies and your risk profile.