PRODUCT BRIEF TradeSphere Restricted Party Screening TM Protecting your trade interests through automated compliance screening Government laws and regulations prohibit the exchange of commodities, technical data or services with certain parties or entities that have been deemed irresponsible traders or a threat to national security or foreign policy interests. Unfortunately there is no central list of denied parties. Instead, governments and agencies around the world each publish various entity lists and trade restrictions. Companies face the challenging issue of how to screen against the overwhelming volume of information without impacting productivity. Vastera Restricted Party Screening (RPS) consolidates the multiple lists into one central application that is kept updated as government lists change. Easily and quickly, global traders and financial institutions can screen their customers and suppliers against global denied parties. The bottom-line benefit is protection of your trade interests by preventing illegal transactions. Key features: • Real-time risk screening • Maintain up-to-date compliance • Automate processes and workflow • Compliance audit trail • Management reporting tools Customer benefits: • Save time by reduced manual screening • Avoid non-compliance penalties • Improve decision-making • Catch restricted entities early in the sales cycle Advanced screening algorithms minimize manual intervention Each screening request is processed by a series of sophisticated algorithms that accurately identify possible name variations and isolate potential issues. The result is fast and efficient identification of restricted entities. Disruption to your operations staff is reduced as only “possible match” results are moved to a work queue for manual compliance review. Automated work flow speeds issue resolution If a potential match is identified, TradeSphere users are automatically notified and screening results are entered into a work queue. Results are filtered to display the list origin of the name match and each result is ranked to help speed analysis and remove “false positives”. As soon as RPS results are resolved, your existing trade processes are automatically resumed. Reporting tools enhance management visibility and event control A central database records all search results, including the dates and actions taken by users to override a result. This powerful tool provides detailed compliance screening reports to uphold government audit. Additionally, flexible reporting can support the compliance team and show value and ROI for compliance technology investment. Protecting National Security USA PATRIOT Act 2001 Cut off terrorists’ flow of funds Prohibit enemies amassing technology for WMD “Automated screening ensures we are in compliance with government regulations and move products quickly.” U.S. Robotics < SOLUTIONS FOR GLOBAL TRADE > TradeSphere Restricted Party Screening TM Key Product Features: Flexible Technology TradeSphere RPS is a flexible compliance tool that can be fine-tuned to meet your particular needs. RPS provides three types of partner-screening events: manual screening through the web interface; automated high-volume screening integrated with your ERP or legacy system; automated re-screening when there is a government update applied to the RPL database. A configurable solution, you have the ability to select lists, tune algorithms and utilize screening dictionaries to further increase accuracy of screening requirements. Hosted Solution As a hosted solution, RPS ensures that your use of onsite resources are minimized (i.e., no hardware purchases, minimal maintenance and administrative costs) while enabling Vastera to provide the latest compliance data within the product. Licensed Software As a non-hosted product, RPS offers the same functionality as the hosted solution, but your company retains more control over regulatory maintenance updates from Vastera and customer specific configurations. Rapid Implementation RPS is a rapidly deployable, robust, and scaleable product. Vastera supports ASCII flat-file and XML standards to allow integration with almost any system. In addition, TradeSphere can support onetime batch loading of entire customer lists, or real-time integration with ERP or legacy systems to screen customers as orders enter the system. Depending on the service level agreement and integration required, a customer can begin to screen partners within one day of signing up for the solution. Managed Services Issue Resolution Vastera Trade Managed Services can take care of your entire restricted party screening program – from running screening reports, through name match resolution. Experienced and dedicated trade personnel provide rapid response to potential matches. Based on published procedures, these experts perform consistently accurate analysis that reduce the burden of resolution on your staff and minimize disruption to your existing operations. Vastera has a number of service level offerings to suit your business needs, and potential issues are resolved and escalated based on your predetermined requirements. Outsourcing restricted party screening enables you to maintain control and visibility as you improve your compliant processes without demanding additional staff. PRODUCT BRIEF The Restricted Parties List is an amalgamation of several lists published by different International and US Government bodies. These include, but are not limited to, the following: • US Department of Commerce - BIS DPL, Entity List, Unverified List • US Department of State - Debarred, EPCI, Terrorist Exclusion List, Foreign Terrorist Organizations • US Department of Treasury - OFAC, FINCEN • US Department of Homeland Security - CITA 204, Customs ATTP, Customs 592 • US General Services Administration • US Federal Bureau of Investigation Most Wanted List • Bank of England Financial Sanctions • Canadian Office of Superintendent of Financial Institutions • EU Financial Restrictions • Japanese Ministry of Economy Trade & Industry restrictions • United Nations Security Council Resolution entities • World Bank Debarred entities • User defined parties Contact Vastera to learn how our solutions for global trade management can be applied to your business. For more information: Visit www.vastera.com Email [email protected] Phone +1 800 275 1374 or +1 703 661 9006 Vastera, the Vastera logo are registered trademarks and TradeSphere, Global Trade Content, TradePrism.com are trademarks of Vastera, Inc. All other names are trademarks or registered trademarks of their respective companies. < SOLUTIONS FOR GLOBAL TRADE > Corporate Headquar ters 45025 Aviation Drive Suite 300 Dulles, Va 20166-7554 WWW.VASTERA.COM PBTSRPS220904W