Uzbekistan Boosts Customs Audits with Maldives Expertise

Uzbekistan Boosts Customs Audits with Maldives Expertise

Supported by the SECO-WCO Global Trade Facilitation Programme, a delegation from Uzbekistan Customs visited the Maldives to study post-clearance audit. Through experience exchange and practical exercises, Uzbekistan learned about the Maldives' best practices in risk management and trader compliance. Adapting these practices to their own context, Uzbekistan developed reform plans to improve its national post-clearance audit system and promote trade facilitation. The visit focused on building capacity and understanding practical implementation of modern audit techniques for enhanced efficiency.

01/05/2026 Customs Knowledge
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Trade Deals Cut Sourcing Costs for Global Manufacturers

Trade Deals Cut Sourcing Costs for Global Manufacturers

Multinational manufacturers can significantly reduce global procurement costs by effectively leveraging trade agreements. This paper proposes five best practices: in-depth understanding of regulations, building a regulatory database, optimizing supply chain connectivity, utilizing advanced technology, and continuous improvement. By implementing these practices, companies can lower tariff expenses and enhance their competitiveness in the global market. Focusing on these key areas enables businesses to maximize the benefits offered by trade agreements and achieve substantial cost savings in their international sourcing operations.

01/16/2026 Customs Knowledge
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Europe Launches Journal for Global Trade Compliance Research

Europe Launches Journal for Global Trade Compliance Research

The *Customs Scientific Journal*, initiated by the European Regional Training Centre, aims to gather research findings in the European customs field, promote academic exchange, and drive innovation and development in customs practices. The journal focuses on four core themes: customs-business partnerships, professional education, WCO standards application, and best practices. It injects new vitality into academic exchange and practical innovation in the global customs field, providing a platform for sharing knowledge and fostering collaboration among customs professionals and researchers worldwide.

01/22/2026 Customs Knowledge
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Finland Simplifies International Transfers With DABAFIHHST2

Finland Simplifies International Transfers With DABAFIHHST2

This article discusses the SWIFT code of Danske Bank Finland (DABAFIHHST2) and its significance in international remittances. It analyzes common scenarios of converting USD to EUR through examples, and provides essential considerations and best practices for cross-border money transfers. The aim is to assist users in successfully executing international fund transfers.

08/18/2025 International Settlement
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Air Cargo Industry Braces for 2025 Regulatory Overhaul

Air Cargo Industry Braces for 2025 Regulatory Overhaul

This article focuses on the key changes facing the air cargo industry in 2025. It interprets significant updates to IATA standards, guidelines, and best practices, analyzes the impact of the new PLACI security regulations, and explores how to achieve sustainable air cargo operations, including reducing the impact of single-use plastics. The aim is to help businesses prepare in advance and maintain a leading position in a highly competitive market. This includes understanding and adapting to new regulations and focusing on environmentally responsible practices.

12/30/2025 Logistics Industry Insights
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Airlines Boost Cybersecurity Amid Supply Chain Risks

Airlines Boost Cybersecurity Amid Supply Chain Risks

The Cybersecurity Supply Chain Oversight Guidance Manual (CSCOGM) aims to provide aviation operators with cybersecurity best practices and supply chain activity recommendations. It assists in regulating the civil aviation supply chain, supports compliance with IOSA's CSSA specifications, and meets other regulatory requirements. Through risk assessment, supplier management, security controls, and continuous improvement, it enhances cybersecurity defenses and ensures flight safety. The manual focuses on strengthening the overall security posture of aviation operations by addressing vulnerabilities within the supply chain and promoting robust cybersecurity practices.

01/20/2026 Logistics Industry Insights
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Lesotho Revenue Authority Advances Tax Modernization with Talent Initiative

Lesotho Revenue Authority Advances Tax Modernization with Talent Initiative

The Lesotho Revenue Authority (LRA) is actively implementing a competency-based human resource management system to enhance operational efficiency and tax collection capabilities. Supported by the World Customs Organization through the EPCB-HRMP project, the initiative aims to assist LRA in building a strategic HR management system. This system focuses on aligning talent with roles, ultimately contributing to LRA's modernization goals. This endeavor offers valuable lessons and best practices for other African tax administrations seeking to modernize their HR practices and improve overall performance.

01/22/2026 Customs Knowledge
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Lithuanias Bank Clarifies SWIFTBIC Code Usage

Lithuanias Bank Clarifies SWIFTBIC Code Usage

This article explores the importance of the SWIFT/BIC code LIABLT2XXXX for LIETUVOS BANKAS. It provides a detailed analysis of the code's composition and significance, as well as the potential consequences of using an incorrect SWIFT code. The article guides readers on best practices to ensure the safety and effectiveness of funds during international remittances.

08/13/2025 International Settlement
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Air Cargo Industry Adapts to Emerging Trends Says Expert

Air Cargo Industry Adapts to Emerging Trends Says Expert

In this episode of the podcast, Jeff Berman engages with Brandon Fried, Executive Director of the Air Cargo Association, to delve into the challenges and opportunities within the air cargo industry. They emphasize the significance of technological advancements and adaptable management in navigating market fluctuations, and look ahead at future developments and best practices in the industry.

08/06/2025 Logistics
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