Thomson Reuters ONESOURCE Global Trade aims to streamline every aspect of the regulatory and compliance experience for companies across the globe. To accomplish this, we have to stay on top of the ever-changing global trade landscape and maintain the most comprehensive, up-to-date data available. With our recent partnership with Dow Jones, ensuring compliance just got easier.

The U.S. Office of Foreign Assets and Controls (OFAC), along with several other agencies, requires that companies block not only entities and parties on the Sanctions List, but also companies who are owned, totally or in part, by those blocked entities. Dow Jones now provides us with their Sanctions Beneficial Ownership List to enhance our ONESOURCE Global Trade Denied Party Screening tool. While we have access to hundreds of government lists of denied entities, the Dow Jones’ Sanctions Beneficial Ownership List goes one step further by associating denied entities with companies owned by those individuals or parties. This partnership offers a more robust screening process against sanctioned entities for compliance professionals.

The United States boasts one of the largest economies in the world and is the largest importer of goods and services. Trade is critical to American prosperity, and so shifts in trade policy and multilateral trade agreements have a tremendous economic impact both domestically and internationally.

On March 21, Karen Lobdell, Director of Product Management, presented an “Update on Trade & Tariffs,” which covered the latest actions taken by the Trump administration and their impact on commerce at the CPAs in Industry Spring Conference in Milwaukee, Wisconsin. Her overview addresses the Trump trade policy approach, the recent uptick in unilateral and retaliatory tariffs, and the effects of these actions on international, domestic, and electronic trade.

Charlotte, NC, USA – March 14, 2019 – BYTON, an electric vehicle (EV) startup headquartered in Nanjing, China, has announced their partnership with Thomson Reuters ONESOURCE Global Trade, powered by Integration Point. With the increased market access and improved import and export management offered by ONESOURCE Global Trade, BYTON plans to grow their business footprint worldwide.

BYTON entered into the EV market in 2016 with the intent to push the boundaries of mobility through digital transformation. After recruiting staff from a range of international companies and premiering their first EV concept in January 2018, BYTON set their sights on mass production and a tentative 2020 release date into U.S. and China markets. Along with ERP deployment at a brand new manufacturing facility, BYTON prioritized implementing a cloud-based customs operating system to streamline their import and export processes and maintain compliance in the constantly evolving trade environment.