IDENTIFICATION QUIZ Flashcards
Why is it important for the development of the PCA policy to be linked to the overarching strategy for Customs control?
To ensure a unified strategy throughout the Customs control cycle
What does the “Voluntary Compliance Framework” aim to achieve?
Improve the level of voluntary compliance of traders
How does the PCA function fit into the overarching strategy of the Administration?
By creating a proper balance between border control and overall facilitations
What does the “Voluntary Disclosure Programmes” offer to traders?
Opportunities to correct inaccurate or incomplete information without penalties
Why is the “Voluntary Compliance Framework” considered a cost-effective and efficient approach?
It encourages voluntary compliance and correct reporting
What are the four broad-based categories into which traders can be conceptually divided for segmentation under the Voluntary Compliance Framework?
Type 1, Type 2, Type 3, Type 4
Which types of traders does the Voluntary Compliance Framework primarily focus on?
Type 1 and Type 2
What is the main strategy of the Voluntary Compliance Framework regarding trader behavior?
Creating a trend from enforced compliance towards informed compliance
How can voluntary compliance be achieved according to the provided details?
- Decreasing compliance cost
- Increasing incentives on compliance
- Increasing probability of exposure
What does PCA provide an opportunity for Customs to encourage traders to do?
Comply with Customs requirements through self-assessment
In what areas do advance rulings, provided by some administrations, offer greater certainty to importers/exporters?
Customs valuation, classification, and preferential origin
How is risk management defined in the WCO Risk Management Compendium?
Coordinated activities undertaken by administrations to direct and control risk
Why are Customs administrations often required to adopt a risk-based approach?
To deliver better results with the same or fewer resources
What does establishing the risk management context evolve?
Establishing the goals, objectives, strategies, scope, and parameters of the activity
What forms the fundamental basis for decisions made in the later steps of the risk management cycle?
Risk criteria
What elements can assist in identifying risk during the risk identification phasa?
- Robustness of internal control
- Delivery of government policy intent
- Separation of duties/tasks
How is the overall level of risk determined in risk analysis?
Likelihood and consequence
Why is communication and consultation with internal and external stakeholders important in risk management?
To ensure accountability and transparency
What are the two level of risk management within the PCA context?
Strategic and Tactical
What does strategic risk assessment involve?
Targeting specific individuals within the Customs administration
