Given the high number of exports, imports and transit transactions, Customs administrations daily face the challenge of facilitating the movement of passengers and cargo while applying controls to detect Customs fraud and other offences (UNCTAD, 2011).
As a consequence, many Customs administrations apply risk management systems to determine which persons, goods and means of transport should be examined and to what extend (Standards 6.3 and 6.4 of the WCO Revised Kyoto Convention). The World Customs Organization (WCO) defines “risk management” as “the systematic application of management procedures and practices which provide Customs with the necessary information to address movements or consignments which present a risk” (WCO, 2010).
We have extensive experience in formulating revenue, anti-smuggling, security policies and strategies in Mauritius. We designed Risk Management indicators for The Bahamas Customs Service conforming to the WCO Risk Management Compendium (Parts I and II) covering goods, means of transport and passenger traffic.
We can develop risk management solutions conforming to the WCO Risk Management Compendium (Parts I and II):
- Developing an organizational framework for managing risk;
- Embedding risk management as an organizational culture
- Risk Identification and analysis;
- Seizure analysis;
- Risk Evaluation and Prioritization;
- Risk Preparation/Profiling;
- Targeting and use of Information
- Technology; Data storage and security;
- Valuation Database as a Risk Assessment Tool.