Samuel Shapiro and Company, Inc. is fully compliant
with the U.S. Government requirements for the Automated Export
System (AES). Our export system performs the necessary edits to
ensure compliance to the Export Regulations imposed by various
government agencies prior to submission of each AES record. Such
edits include automatic screening of entities and denied parties;
this protects our clients from unknowingly involving themselves with
individuals or companies that may be directly or indirectly involved
in unlawful activities that have been identified by one or more U.S.
government agencies.
The Automated Export System (AES) streamlines the process of
exporting goods from the United States and improves the quality of
the export statistics available to the United States government. AES
was developed by the U.S. Customs Service, Bureau of the Census, and
other U.S. Federal Government Agencies. Through AES, exporters and
carriers electronically submit export information required by the
more than 40 agencies involved in regulating and monitoring exports
from the United States.
AES is a joint program of the U.S. Customs Service and the Bureau
of the Census; it is also the only United States automated system
for reporting export data, both commodity (Shipper's Export
Declaration (SED)), and transportation (booking and manifest). This
information is used by Customs to focus on high-risk export
shipments and to detect possible fraud in reporting values and
commodity information. AES is also used by Census to compile trade
statistics that are used to compute such figures as the balance of
trade.
AES drastically reduces the amount of inaccurate or incomplete
information received by passing all data through an electronic edit
process. The trade statistics produced by Census are used by many
different federal and local agencies for trade policy
decision-making, export control, and port development planning, and
by the exporting community and the financial community for foreign
market analysis, penetration studies, and investment decisions.
