Are Customs Administrations fully utilising the big data that is potentially available to them?

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Are Customs Administrations fully utilising the big data that is potentially available to them?

 

The main theme of the WCO IT Conference to be held in Tiblisi, Georgia in June this year is “The Power of Data – Advancing Border Management”. There are many aspects to advancing border management, including inter agency and cross-border cooperation, although in reality this is much easier said than done.

 

 

From our experience, Haymarket believes that many Customs Administrations still do not utilise the large volumes of data that are potentially available to them to enhance their effectiveness in collecting revenue and protecting society. For example, Eurostat provides the “Big Data” overview, but this could be enriched with AEO’s locally held “Little Data”, and specialist watch lists maintained by the Customs Administration to provide more granular data analytics. Many Customs Administrations now have established intelligence functions to support the customs enforcement roles but are they using data analytics as an effective tool to identify risks?

 

 

Data analytics can also be used as a very effective tool for post clearance audit or inward processing relief control by analysing data belonging to the importer.

 

 

Haymarket offers a professional blend of international customs experience with extensive experience of investigative data analytics. Our experience in using data analytics to identify and quantify fraud puts Haymarket at the forefront to provide advice to Customs administrations in how to better utilise available data.

 

Written by Brian Mearns

 

For further information contact :

Richard Kusnierz

Divisional Director Investigative Data Analytics

Haymarket Risk Management Ltd

rtk@haymarketrisk.com

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