Recordkeeping Requirements for Import Trade Compliance - As per U.S. CBP

Why Should You Attend:

All U.S. importers are required to exercise “reasonable care” when discharging their obligations as an Importer of Record. Recordkeeping is one of the critical cornerstones of import compliance. Without adequate recordkeeping policies, procedures and controls in place importers may be subject to harsh penalties from CBP. In fact, recordkeeping penalties can be up to $10,000 per violation and each document requested could be deemed as a separate violation by CBP.

This 60 minute webinar will help you stay complaint and avoid penalties by discussing the strict requirements for retention and the management of critical trade records and data as mandated by U.S. CBP. At the end of this session the instructor will handle your specific questions related to this topic.

Learning Objectives:

• Why is recordkeeping important?
• How should we go about storing our records and import data?
• How do we request approval from CBP for electronic recordkeeping?

Areas Covered in the Seminar:

This webinar will cover all aspects of CBP's recordkeeping requirements:

• Overview of Requirements.
• What constitutes a record?
• Strategies for organizing records.
• Location of records.
• Required retention period and exceptions.
• Alternate storage methods.

Who Will Benefit:

• Customs or Trade Compliance personnel or Officers
• Chief Compliance Officers
• Logistics, distribution and transportation professionals
• Other stakeholders or positions related to the global supply chain

Instructor Profile:

Michael D. Laden, is a recognized expert in the customs compliance and the supply chain regulatory environment. In the aftermath of September 11th, Mr. Laden was one of the original architects of C-TPAT and his employer was one of the original seven Charter C-TPAT members. In addition to serving the two-term limit on the COAC (Commercial Operations Advisory Committee), he has served on the Board of Governors for the American Association of Exporters and Importers (AAEI) since 1988, and is a past Chairman. Mr. Laden also appeared as a witness before the Senate Governmental Affairs Committee on matters related to container security and operations in a post September 11th environment. Mr. Laden has been a featured speaker on U.S. Customs and Border Protection and related matters before many national organizations. He travels extensively and has taught the fundamentals of importing to thousands of foreign suppliers and manufacturers worldwide.

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