AEB (International) Ltd exhibits and presents at Counter Terror Expo 2011

Feb. 13, 2011 - PRLog -- AEB (International) Ltd, a leading provider of supply chain logistics software, will showcase its compliance solutions during this year’s Counter Terror Expo, which takes place on 19th and 20th April 2011 at the Olympia Conference Centre in London and is the globally renowned event for counter terrorism professionals.

During Counter Terror Expo, AEB Sales Manager Hannah Beckett will hold a seminar titled “The role of Software in Anti-Terror Checks”. The seminar will take place on Tuesday, 19th April 2011 at 11:05 am and will cover the following topics:

•   Key regulations governing restricted-party list screening
•   Challenges facing companies wishing to screen customers, suppliers and other business partners
•   How to avoid bad publicity, fines and other penalties
•   Practical solutions for introducing effective compliance programmes to screen business partners

Government lists (so-called denied-party lists) of individuals, companies and organisations believed to be engaged in terrorist activities can run into hundreds of pages. Manual checks are time-consuming, impractical and error-prone. Global acting companies wanting to avoid fines, bad publicity, and their own inclusion in government lists should have electronic systems in place to ensure compliance with global anti-terrorist regulations.

And it isn’t just logistics service providers who are affected by anti-terror legislation. In 2010, Royal Bank of Scotland (RBS) was fined £5.6m by the Financial Services Authority (FSA) for failing to check its customers’ names against sanctions lists drawn up by HM Treasury, and to ensure its customers and their transactions were not associated with terrorism. The FSA said this had led to an “unacceptable risk” of RBS facilitating terrorist financing. Global acting companies could face a similar scenario.

AEB (International) Ltd’s General Manager Mark Brannan explains: “An increased emphasis on security in the supply chain and tighter restrictions by government agencies around the world mean that companies are facing new business challenges in international trade. AEB (International) Ltd is perfectly positioned to help companies adhere to all applicable global trade regulations, avoid penalties for non-compliance, put the right risk management strategies and solutions in place to address these challenges and ensure uninterrupted supply chain efficiency.”

As one of Europe's leading providers of supply chain management software, services and consultancy, AEB (International) Ltd has developed a dedicated software solution for comprehensive risk management in global commerce. Its software module ASSIST4 Compliance helps companies adhere to regulations aimed at preventing terrorism and money laundering.  The module covers supply chain security, denied-party address screening,  export controls and licence management. The software is a proven solution used by a variety of industry leaders including BAE Systems, Smiths Detection and Avnet Logistics.

ASSIST4 Compliance helps to prevent business relations that would violate country embargoes, critical goods and/or end-use regulations as well as denied-party demands, thus protecting enterprises (and their staff) from financial and criminal liabilities. It allows users to identify listed individuals, companies, groups and organisations as well as critical goods and embargoed countries. Background compliance checks detect undesirable or illegal transactions, stopping or interrupting them before they can be carried out.  Depending on a company’s requirements and its existing IT infrastructure, ASSIST4 Compliance can either be run as a standalone application, conveniently accessed as web-solution (||XPRESS series) or fully integrated into existing SAP® systems (ATC :: series), providing for security throughout all business transactions without slowing down related processes.
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Contacts
For further press information, or interview requests, please contact Andrea Krug, Krug Communications, tel. +44 (0)7740 245 867, email: andrea@krugcomms.com.

To find out more about AEB’s supply chain management software solutions please contact AEB (International) Ltd., tel. +44 (0) 1926 801 250, email: info@aeb-international.co.uk, or visit AEB’s website at www.aeb-international.co.uk.

Notes to Editors

About AEB (International) Ltd
AEB is one of Europe's leading providers of supply chain logistics software and has been delivering solutions to customers for over thirty years. The company has over 6000 customers worldwide, supported by offices in the UK, Germany, Singapore and the US. AEB’s compliance and risk management software modules cover supply chain security, denied-party address screening, export controls and licence management and are in use at many leading companies including BAE Systems, Smiths Detection and Raytheon. The ASSIST4 solution suite also features Warehouse Management, Freight Management, Transport Management, Customs Management and Monitoring & Alerting.

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AEB (International) Ltd is a leading provider of supply chain logistics software and has been delivering solutions to customers for over 30 years. AEB has over 5000 customers worldwide supported by offices in the UK, Germany, Singapore, and the US.