AJC International, which manages a complex international supply chain comprising suppliers from all major food-producing areas of the world, uses restricted-party screening services from JPMorgan Chase Vastera to help improve trade compliance and eliminate staff research time.
"Due to our high volume global operations, and the fact that we are doing business in 'risky' regions of the world, it was important that AJC focus on corporate compliance," says Jerry Allison, AJC International CEO. "By engaging JPMorgan Chase Vastera to manage our name-screening process, AJC has more time to focus on its core competency of delivering quality frozen and refrigerated food products to its global customers at excellent value."
Vastera says the outsourced solution combines trade expertise and technology to deliver a comprehensive compliance record, highlighting positive matches, identifying which lists the matches are against, outlining the legal requirements associated with each particular list, and recommending immediate compliance steps. Resolution rationale for all screened names is documented and retained for audit trail reference.
AJC's suppliers and customers are located across more than 140 countries on six continents. They represent more than 20 nationalities speaking more than 25 languages.
JPMorgan Chase Vastera's global trade management solutions include TradeSphere (software), Trade Management Consulting (business process consulting), and Managed Services (business process outsourcing).
Visit www.ajcfood.com and www.jpmorganchase.com/vastera.
Enjoy curated articles directly to your inbox.