Similar to the ISA, brokers participating in the BSA must commit to update and improve internal controls, perform periodic testing of these internal controls, and disclose to CBP deficiencies discovered through the testing. The primary goal of the pilot is to foster a higher level of broker compliance with CBP laws and regulations, and identify and facilitate low risk trade.
In order to be eligible to participate in the BSA Pilot, a licensed customs broker must:
1. Be a licensed customs broker for a minimum period of five years.
2. Be a member with full benefits of the CTPAT.
3. Agree to comply with all applicable CBP laws and regulations.
4. Work in an automated environment through the Automated Broker Interface and the Automated Commercial Environment.
5. Possess a broker national permit.
6. Have and maintain a system of business records that demonstrates the accuracy of CBP transactions.
7. Complete a BSA Pilot Questionnaire and agree to:
- Continue to maintain and update its internal controls;
- Perform periodic testing of its internal control system based on risk;
- Make appropriate adjustments to the internal controls system with an eye toward improvement;
- Inform CBP of deficiencies identified in periodic testing using voluntary disclosures permitted under the BSA Pilot
Applications to participate in the pilot program will be accepted through May 27. After the application period closes, CBP will review the applications and select a limited number of participants representing key sectors of the brokerage community or whose structure and processes present potential challenges. All brokers meeting the requirements are encouraged to apply, as CBP will be seeking a representative group of small, medium and large organizations.
Additional information can be found in the Federal Register.
No comments:
Post a Comment