{"id":2727,"date":"2018-04-03T14:13:40","date_gmt":"2018-04-03T14:13:40","guid":{"rendered":"http:\/\/latona.eu\/?page_id=2727"},"modified":"2018-04-17T12:39:35","modified_gmt":"2018-04-17T12:39:35","slug":"latona-risk-management","status":"publish","type":"page","link":"https:\/\/latona.eu\/index.php\/latona-risk-management\/","title":{"rendered":"Latona Risk Management Solution"},"content":{"rendered":"<div id='full_slider_1'  class='avia-fullwidth-slider main_color avia-shadow   avia-builder-el-0  el_before_av_section  avia-builder-el-first   container_wrap sidebar_right'  ><div  class='avia-slideshow av-av_slideshow_full-2cb1e936e552208a6b78dbfc37c892e8 avia-slideshow-no scaling av_slideshow_full avia-fade-slider av-slideshow-ui av-control-default av-slideshow-manual av-loop-once av-loop-manual-endless av-default-height-applied   avia-slideshow-1' data-slideshow-options=\"{&quot;animation&quot;:&quot;fade&quot;,&quot;autoplay&quot;:false,&quot;loop_autoplay&quot;:&quot;once&quot;,&quot;interval&quot;:5,&quot;loop_manual&quot;:&quot;manual-endless&quot;,&quot;autoplay_stopper&quot;:false,&quot;noNavigation&quot;:false,&quot;bg_slider&quot;:false,&quot;keep_padding&quot;:false,&quot;hoverpause&quot;:false,&quot;show_slide_delay&quot;:0}\"  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><ul class='avia-slideshow-inner ' style='padding-bottom: 13.157894736842%;'><li  class='avia-slideshow-slide av-av_slideshow_full-2cb1e936e552208a6b78dbfc37c892e8__0  av-single-slide slide-1 slide-odd'><div data-rel='slideshow-1' class='avia-slide-wrap '   ><img decoding=\"async\" fetchpriority=\"high\" class=\"wp-image-2776 avia-img-lazy-loading-not-2776\"  src=\"https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management.png\" width=\"1140\" height=\"150\" title='Latona-Risk-Management' alt=''  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management.png 1140w, https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management-300x39.png 300w, https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management-768x101.png 768w, https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management-1030x136.png 1030w, https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management-705x93.png 705w, https:\/\/latona.eu\/wp-content\/uploads\/2018\/04\/Latona-Risk-Management-450x59.png 450w\" sizes=\"(max-width: 1140px) 100vw, 1140px\" \/><\/div><\/li><\/ul><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-06058c81de8ff7a234e9357d9f6d35ce\">\n.avia-section.av-av_section-06058c81de8ff7a234e9357d9f6d35ce{\nbackground-color:#ffffff;\nbackground-image:unset;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-av_section-06058c81de8ff7a234e9357d9f6d35ce main_color avia-section-small avia-no-shadow  avia-builder-el-1  el_after_av_slideshow_full  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2727'><div class='entry-content-wrapper clearfix'>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2 style=\"text-align: center;\">LATONA RISK MANAGEMENT SOLUTION<\/h2>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-73ee5607e2d422c429c39f728b894fae\">\n#top .hr.hr-invisible.av-av_hr-73ee5607e2d422c429c39f728b894fae{\nmargin-top:-10px;\nheight:1px;\n}\n<\/style>\n<div  class='hr av-av_hr-73ee5607e2d422c429c39f728b894fae hr-invisible  avia-builder-el-3  el_after_av_textblock  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_2'  class='avia-section av-av_section-bf4484bf8fe6aac05b54df8603214825 main_color avia-section-small avia-no-shadow  avia-builder-el-4  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2727'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-86ea3fb5a94b3d93b45b6d2a6e465fbf\">\n.flex_column.av-av_one_full-86ea3fb5a94b3d93b45b6d2a6e465fbf{\nborder-radius:0px 0px 0px 0px;\npadding:-20px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-86ea3fb5a94b3d93b45b6d2a6e465fbf av_one_full  avia-builder-el-5  avia-builder-el-no-sibling  first flex_column_div  '     ><p><section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>In the last decades, the team of Latona Development has been supporting Customs administrations in overcoming the challenges of the ever-changing environment and the growing amount and complexity of trading operations. At Latona, we are focused on the Customs modernization and thus we put our efforts in providing solutions for enhanced security risk management in the trade of goods across borders.<\/p>\n<p>Therefore, we created our comprehensive Risk Management Solution, which is easily integrated into different customs operations in order to support trade facilitation, national security, public safety and revenue collection. It strengthens Customs Administrations capabilities and improves visibility, agility, and control over operations.<\/p>\n<p>By implementing LATONA Risk Management Solution, customs administrations benefit from a compatible with the UCC requirements risk management system, which provides exhaustive analytical information and takes into consideration the WCO Security Standards. Hereby, administrations take advantage of the most innovative risk analysis methods and models and make a step towards higher security and enhanced revenue collection.<\/p>\n<\/div><\/section><br \/>\n<div  class='togglecontainer av-av_toggle_container-8812a63cbc37bcd0d66199109d348345  avia-builder-el-7  el_after_av_textblock  avia-builder-el-last ' >\n<section class='av_toggle_section av-av_toggle-aea4ad9747b252a499cee03373a2e862'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>Risk Assessment<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The Risk Assessment System includes also Risk criteria management and scoring. The logistic regression method is used to calculate a risk level assessment model, thus assigning scores to risk indicators and calculating the optimal division line between high and low-risk levels. The main steps for development of a risk level assessment model include Creating, adjusting or modification risk indicators; Creating training and control data samples; Calculating risk indicators; Entering risk level adjustment rules counting trader categories; Probability indicator visualization of \u201crisky\u201d and \u201cnon-risky\u201d consignments.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-av_toggle-7c7eb1f5083794816fb6c0344ba038c1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>Risk Backlisting<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>In this module, a register of traders is created and trader performance indicators are calculated. The reliability of traders is also assessed.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-av_toggle-7d77fd5fe91f6efc79645ab76d23bc49'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>Risk Profiling<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>In this module, risk profiles are developed by listing a number of risk indicators. If a certain declaration meets at least one of those risk criteria, the goods are considered for physical inspection on the border. Pre-defined sets of rules are developed in order risk profiles to be established. The rules could be both simple and complex, and they should be updated on a regular basis. The Risk profiling module provides also instructions for carrying the physical inspections out.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-av_toggle-8d217120630597a469ccac3c866128bf'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Random Selection<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Except for the risk profiles, shipments are subject to random checks, which provides a fair approach for all traders.<\/p>\n<p>It is important to retain an element of surprise by carrying out random checks because companies that are in regular contact with Customs will be aware of profiling methods or even the profiles themselves. These random checks provide cost-effective means of identifying other types of risk and monitoring or estimating their significance, as well as any changes in the risk pattern.<\/p>\n<p>\u201cCompliance measurement\u201d is a phrase used when statistically valid random sampling techniques are used to determine the degree to which traders, carriers, imported goods, etc. conform to Customs rules and procedures. When designed in a systematic and appropriate manner, compliance measurement methodologies provide objective and statistically valid results. Compliance measurement can be used as a diagnostic tool to identify areas of non-compliance.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-av_toggle-41c4b44606580e87cf83063594e2ab1d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>Predictive Analytics &amp; Post Clearance Risk Analysis <span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Post Clearance risk analysis is carried out to verify the accuracy and authenticity of Customs declarations through the examination of the relevant documents, books, records, and other business information systems that are kept in accordance with the provision of the law. The data is used for calculating and developing algorithms for predictive analytics in future, based on the results.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-av_toggle-91659841bf13bc5c4e18e05d08777a6a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>Enhanced Risk Analysis<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Enhanced risk analysis is performed based on the integration with external sources such as:<\/p>\n<ul>\n<li>Credit registers;<\/li>\n<li>WCO data model;<\/li>\n<li>Rating agencies;<\/li>\n<li>Trade associations;<\/li>\n<li>Statistics agencies;<\/li>\n<li>Import\/export prohibitions and restrictions (e.g. CITES);<\/li>\n<li>National quotas for import\/export;<\/li>\n<li>Commercial policy measures (e.g. IPR, GSP).<\/li>\n<\/ul>\n<p>Risk indicators are emerging all the time. Customs should keep them up to date by accessing various information sources such as the WCO Enforcement Bulletin, international databases on trader information (e.g. Dun &amp; Bradstreet, Lloyd\u2019s Shipping register), etc.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-av_toggle-628577a8e025f9cd9f7e3d5ad78ca742'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>Data Analytics and Executive Reporting<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' class='toggle_wrap  '  ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Transforming clearance data into interactive statistics and Key Performance Indicators (KPIs) through comprehensive dashboards is of great importance. This ensures complete visibility and data-driven decision-making while evaluating risk and making decisions of great importance.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div><\/p><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_2'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2727'><div class='entry-content-wrapper clearfix'><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-2727","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/pages\/2727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/comments?post=2727"}],"version-history":[{"count":16,"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/pages\/2727\/revisions"}],"predecessor-version":[{"id":3111,"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/pages\/2727\/revisions\/3111"}],"wp:attachment":[{"href":"https:\/\/latona.eu\/index.php\/wp-json\/wp\/v2\/media?parent=2727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}