The Security and Trade Facilitation Nexus : Options for South Asian Countries
Depending on the nature of the threat and the type of transaction and transport, the ability to profile risk and the type of potential risk-mitigation intervention will be different. If the predominant risk is economic (undervaluation, for instance...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/09/25044380/security-trade-facilitation-nexus-options-south-asian-countries http://hdl.handle.net/10986/22683 |
| Summary: | Depending on the nature of the threat
and the type of transaction and transport, the ability to
profile risk and the type of potential risk-mitigation
intervention will be different. If the predominant risk is
economic (undervaluation, for instance), a certain set of
transactional data can help profile and identify high-risk
targets. In such cases, physical inspection responses will
be not be as effective as conducting post-transaction
auditing as the main compliance strategy. Supply-chain
security is based on the understanding that industry has an
equally strong financial interest in the security and
visibility of goods, and is generally better placed to
recognize what is normal behavior as goods move through the
supply chain. Adoption of a contemporary risk-based
regulatory compliance framework vastly improves an
institution’s overall ability to ensure security while
delivering improved levels of facilitation. |
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