Simply Trade
Do you find yourself randomly classifying products… when you are not at work? Does the reason why you jump out of bed every morning have anything to do with validating your supply chain to insure trade compliance? Did you sit in your favorite chair with a glass of wine, paging through the latest regulations and thought to yourself, ‘what a great way to spend my free time’? If any of these apply to you, then you are very likely a ‘trade geek’… that is why we created Simply Trade just for you. Your hosts, Andy and Lalo have a combined 60+ years in the industry. Covering everything from logistics to technology. There is so much to learn with the ever-evolving world of trade. We’ve invited some friends over to our podcast to simply ’shoot the ship’ on all things trade. So join us every week as we discuss current and important trade topics with experts in their field who are passionate about helping you succeed! You’ll never run out of things to learn when it comes to trading goods across international borders. Let’s get to it!
Episodes

Wednesday Mar 13, 2024
Adapting Operations: Shifting Coasts and Changing Plans in Uncertain Times with Jon Gold
Wednesday Mar 13, 2024
Wednesday Mar 13, 2024
Attacks on container ships in the Red Sea and Middle East are causing major disruptions to global trade routes. In this episode, we discuss the impacts with John Gould of the National Retail Federation, who has testified before Congress on these issues. John shares insights into how rerouting vessels around Africa is adding significant time and costs to international supply chains.
Main Points:- Attacks by Houthi rebels in Yemen are forcing ships to avoid the Red Sea, taking routes over 10,000 miles longer- Increased transit times of 10-14 days are driving up freight costs over 150% for spot market shipments - Challenges in negotiating rates during Chinese New Year could further impact annual contract negotiations- Temporary distribution centers may need to open on alternate coasts to accommodate supply chain shifts- Better information sharing is needed between stakeholders to mitigate risks of congestion
Major geopolitical events can quickly disrupt global supply chains. This episode provides valuable perspective for importers, exporters, and logistics professionals on current challenges and strategies for navigating ongoing uncertainties in international trade routes. Staying informed and coordinating across industries will be key to building supply chain resiliency.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod
Jon Gold - https://www.linkedin.com/in/jon-gold-1217012/
National Retail Federation - https://nrf.com/
Contact SimplyTrade@GlobalTrainingCenter.com or message on Twitter @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
![Simply Trade [News]: Lifting the Veil on Suppliers - The Importance of Supply Chain Transparency](https://pbcdn1.podbean.com/imglogo/ep-logo/pbblog14879952/News_Roundup_gzf9t9_reskdw_chash5_300x300.jpg)
Monday Mar 11, 2024
Monday Mar 11, 2024
Forced labor remains a global issue impacting trade. This episode explores recent regulations and legal cases targeting exploitative practices. We'll also discuss the growing role and leadership of women in international business.
Main Points- The EU's new forced labor ban and increased enforcement efforts - Investigating supply chains is key to compliance with regulations- Market manipulation concerns in Canada's critical metals industry- A US court case challenging customs detention of Chinese solar panels - Shifting supply sources away from China's dominance in key materials- 1911 marked the first International Women's Day celebrations
As trade globalizes, ensuring ethical sourcing and preventing human rights abuses are increasingly important. This podcast unpacks challenges and opportunities emerging at the intersection of trade, labor and gender issues. Staying informed on compliance developments helps build a fairer international marketplace.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Thursday Mar 07, 2024
Thursday Mar 07, 2024
As geopolitical risks intensify worldwide, importers and exporters face growing challenges staying compliant. Trade expert Lila Landis shares insights on navigating these turbulent waters through risk assessment, regulatory awareness, and building robust compliance programs.
Main Points- Top compliance trends for the election year, including trade deal impacts and C-suite advice - Enforcing import/export regulations like forced labor detentions valued over $1B- Understanding new FMC ocean shipping rules to avoid violations and ensure fair treatment- Potential trade policy implications under Biden or Trump and 60%+ China tariffs- Reviving US manufacturing, especially challenges in textile industry - Circumventing sanctions through "black ships" and targeting facilitatorsWith international trade under pressures from sanctions, tariffs, and global events, proactive risk management is key. Lila Landis provides a framework and resources to filter priorities, focus training, and strengthen compliance programs through challenges. Staying informed equips professionals to navigate changing regulations and protect their organizations.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod
Lila Landis - https://www.linkedin.com/in/lilalandis/
Contact SimplyTrade@GlobalTrainingCenter.com or message on Twitter @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
![Simply Trade [News]: Latest Developments in Taxation, Sanctions Compliance and Green Initiatives](https://pbcdn1.podbean.com/imglogo/ep-logo/pbblog14879952/News_Roundup_gzf9t9_reskdw_chash5_300x300.jpg)
Monday Mar 04, 2024
Monday Mar 04, 2024
The GTC Media podcast discusses the latest developments in international trade, with insights on digital taxation, sanctions, green energy, and forced labor. Tune in for a roundup of global trade news.
Main Points- Digital taxation at the WTO could impact consumers through higher prices for online goods and services. Governments see this as a revenue opportunity, while consumers want to avoid new taxes.
- Sanctions on Russia pose challenges for international supply chains. Businesses must regularly update restricted party lists and vet new customers/suppliers to avoid sanctions violations.
- Egypt aims to become a leader in green hydrogen production through a $40 billion investment, showing renewable energy initiatives are here to stay. Hydrogen can also be extracted from fossil fuels as a cleaner alternative fuel.
- Allegations of forced labor in Teemu's supply chain highlight the need for online retailers to properly vet vendors and source goods ethically to avoid legal issues and consumer backlash.
This insightful podcast discusses timely international trade issues and their implications. Listeners gain valuable perspectives on navigating taxation, sanctions compliance, renewable energy opportunities, and the importance of ethical sourcing in global supply chains.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Guest Host: Renee Chiuchiarelli - https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Thursday Feb 29, 2024
The Trade Geek Sweater That Went Viral, with Ryan Bennett
Thursday Feb 29, 2024
Thursday Feb 29, 2024
A festive holiday sweater sparked a viral debate among trade experts on LinkedIn. Tune in to hear the hilarious story behind how one compliance manager's silly sweater design led to a lively discussion analyzing its proper classification under international trade rules.
Main Points:- Ryan Bennett shares how he created a Christmas sweater with the HTS code for "festive Christmas articles" as the design, not expecting it to blow up online.- His post garnered over 200 likes and 50-60 comments as trade professionals debated whether the design qualified under the specific classification. - Ryan discusses Fluke's new product introduction process, ensuring early compliance input at the concept stage to avoid last-minute issues.- Hear best practices for streamlining compliance like dividing regions among staff and collecting necessary info through detailed questionnaires.
From sparking amusing viral moments to instituting valuable processes, this episode provides entertainment and insights on international trade compliance. Learn how getting involved early and justifying classifications can help practitioners like Ryan effectively navigate complex regulations.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod
Ryan Bennett - https://www.linkedin.com/in/ryanmbennett/
Contact SimplyTrade@GlobalTrainingCenter.com or message on Twitter @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
![Simply Trade [News]: US-Germany Trade Dynamics and Its Effect on China](https://pbcdn1.podbean.com/imglogo/ep-logo/pbblog14879952/News_Roundup_gzf9t9_reskdw_chash5_300x300.jpg)
Monday Feb 26, 2024
Simply Trade [News]: US-Germany Trade Dynamics and Its Effect on China
Monday Feb 26, 2024
Monday Feb 26, 2024
Welcome to another episode of Simply Trade, where we delve into the world of international trade, importing, and exporting. In this episode, we discuss the surge in US import prices in January, the impact of rising costs on the US economy, and the shifting dynamics of the US-Germany trade partnership.
Main Points:1. US Import Prices Surge: We discuss the 0.8% surge in US import prices in January, primarily driven by rising costs for petroleum and other goods. We explore how this increase might affect supplier relationships and strategies to handle the situation.
2. Impact on US Economy: We delve into the potential effects of rising costs of imported goods on the US economy. We discuss the potential increase in the cost of goods by 8-10% by the end of the year due to tariffs and higher manufacturing costs.
3. US-Germany Trade Partnership: We explore the shift in the US-Germany trade partnership and its potential impact on China. We also discuss the trend of Chinese consumers buying fewer German automobiles, possibly due to improved quality of Chinese vehicles.
4. Swiss Enforcement of Russian Sanctions: We discuss Switzerland's intensified efforts to enforce Russian sanctions and the potential impact of freezing Russian assets in Swiss banks.
In this episode, we've explored the complexities of international trade, from the surge in US import prices to the shifting dynamics of global trade partnerships. We've also touched on the role of sanctions in international relations. Join us again for more insights into the world of international trade, importing, and exporting.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Guest Host: Renee Chiuchiarelli - https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
![Simply Trade [Folks]: Balancing Trade Compliance and Goat Farming: The Inspiring Career Journey of Trudy Wilson](https://pbcdn1.podbean.com/imglogo/image-logo/14879952/SimplyTrade_final_300x300.png)
Thursday Feb 22, 2024
Thursday Feb 22, 2024
Trudy Wilson shares her unique career journey from customs broker to trade compliance consultant and instructor. Listen as she discusses balancing life between the US and Jamaica. Learn how she progressed through the customs brokerage industry and gained invaluable experience across various roles and locations. You will have to listen to learn more about her other job on her goat farm in Jamaica.
Main Topics
Trudy Wilson's education and background growing up in Jamaica
Her career progression from entry-level customs broker to regulatory compliance manager
The importance of continuous learning, networking, and embracing new opportunities
Incorporating trade compliance into supply chain strategy from the beginning
Developing time management, delegation, and prioritization skills for management roles
Key Insight: "Trade compliance needs to be at the beginning of the process, whether it's an inbound process or an outbound process, trade compliance has to be at the beginning of the process and work in tandem with supply chain and logistics and sales and procurement."
This episode provides valuable lessons on navigating an international trade career through first-hand experience. Listeners gain practical tips for success from a respected industry expert and instructor. Trudy Wilson's journey and expertise highlight the importance of trade compliance for global supply chains.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod
Trudy Wilson - www.TruTradeSolutions.com
Trudy Wilson - www.linkedin.com/in/truwil/
Contact SimplyTrade@GlobalTrainingCenter.com or message on Twitter @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
![Simply Trade [Events]: ICPA Annual Conference - How to Maximize Your Conference Experience and Build Valuable Connections](https://pbcdn1.podbean.com/imglogo/image-logo/14879952/SimplyTrade_final_300x300.png)
Tuesday Feb 20, 2024
Tuesday Feb 20, 2024
In this episode, Andy and Lalo sit down with ICPA leaders to discuss how to get the most out of attending the ICPA Annual Conference. From networking strategies to volunteer opportunities, these experts share their best tips for building valuable connections and maximizing the conference experience.
Main Points: - Conference preview details including location, tracks, sessions and expected attendance- Strategies for identifying must-attend sessions vs opportunities to learn about new topics- How to utilize the conference app and recordings to not miss any sessions- Tips from an ICPA Ambassador on introducing yourself, finding your "people", and making new connections- Leveraging exhibitors and speakers to address specific business needs and challenges
Whether you're a seasoned trade pro or just getting started, tune in to learn how to work the room at ICPA and take full advantage of the networking and knowledge-building opportunities. Walk away with insider strategies to enhance your conference experience and expand your professional network.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod
Elisabeth Sherrell - https://www.linkedin.com/in/elisabeth-sherrell-ced-58b37156/
Sara Bowersox - https://www.linkedin.com/in/sara-bowersox-64b3271ba/
Cindy Hazlett - https://www.linkedin.com/in/cindy-hazlett-a78a49/
ICPA - www.ICPAinc.org
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
![Simply Trade [News] - Currency Exchange Rates and Supply Chain Disruptions Affecting Your Bottom Line](https://pbcdn1.podbean.com/imglogo/ep-logo/pbblog14879952/News_Roundup_gzf9t9_reskdw_chash5_300x300.jpg)
Monday Feb 19, 2024
Monday Feb 19, 2024
This episode of Simply Trade discusses how shifting global financial power could impact international trade. Hosts, Annik and Andy are joined by guest host Renee Chuichiarelli where they provide historical context on the US dollar's role and analyze recent developments challenging its dominance.
Main Points- De-dollarization efforts by countries like China and implications for the US economy- Smart car technology raises data privacy concerns when exporting to certain markets - New India-UAE trade corridor could offer alternative to China's Belt and Road Initiative- Geopolitical tensions affect global supply chains and currency stability
By understanding complex geopolitical factors like currency exchange and privacy regulations, importers and exporters can better navigate challenges and identify new opportunities. This episode provides valuable insights for international traders to consider in their long-term strategic planning.\\
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Guest Host: Renee Chiuchiarelli - https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Friday Feb 16, 2024
Friday Feb 16, 2024
Banks play a crucial but often overlooked role in international trade. As Kelly McCorkle of Schulz Law Firm explains, "Financial institutions are uniquely situated in the transaction. They're assisting exporters in conducting business, but they also have access to a significant amount of documentation related to export transactions." This episode explores new regulations that expand banks' responsibilities to monitor for potential export control violations.
Main Points:- New regulations require banks to scrutinize global export transactions for suspicious activity related to sanctions evasion - Financial institutions must understand complex international trade documentation like letters of credit, bills of lading, and commercial invoices- Banks are advised to look out for "red flags" such as lack of end user information, unrealistic delivery timelines, or requests to reroute shipments- Over 333 reports of potential Russian sanctions violations were filed in the first year, helping authorities identify new evasion tactics
As international trade oversight increases, all parties must work together to ensure compliance. This episode provides valuable insights for exporters, importers, logistics firms, and financial institutions on navigating growing regulatory requirements. Understanding each other's roles and communicating openly is key to facilitating legitimate business while curbing sanctions abuse.
Enjoy the show!
Find us on YouTube: https://www.youtube.com/@SimplyTradePod
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod
Kelly McCorkle - https://www.linkedin.com/in/kelly-mccorkle-77738b8/
Schulz Trade Law - https://www.schulztradelaw.com/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Why Simply Trade
We have been in the business of educating companies and trade professionals in all things trade since 1991. In that time we have helped thousands with meet their trade compliance challenges face on.
Because trade changes almost daily and not all topics could be covered in a full day of training, we created the Simply Trade podcast to continue to educate and inform the trade community about current changes, new information, or just about anything trade related.
We would like your feedback on what we are doing right or wrong to make the show better. Also, if you, or someone you know, would like to be a guest on the show, or would like to sponsor the show, or just want to suggest a topic for us to cover on the show, please reach out to us via email at SimplyTrade@GlobalTrainingCenter.com or via Twitter @SimplyTradePod.
We hope you enjoy the show and do not hesitate to reach out to us.