– LSI Internal Use Only

LSI’s Investments in Compliance

Energy Insight 2014

LSI Internal Use Only – 2

• Focus on compliance and ethics makes us a better partner• We are the “third party” in third party risk

management• Also provides better risk mitigation for clients, especially in areas like: • Export Controls• Sanctions• Anti-Corruption

Becoming a Better Partner

LSI Internal Use Only – 3

• Invested in People• Compliance Officer• An attorney with over 13 years’ experience in

international white collar defense and regulatory compliance

• Export Compliance Administrator• Preparing export shipping documents;• Performing restricted party screening of buyers;• Acting as liaison between customers, Government

Liquidation personnel, shippers, freight forwarders, and any other parties involved in a transaction to ensure that proper documents is received for sales to foreign buyers of controlled items.

Becoming a Better Partner: How?

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Investing in Training• Increase in live training for all personnel• Training for sales and operations personnel in • Anti-corruption, • Export Controls • Data Privacy

• Tailored training, fit for purpose• Specialized training for US and international legal

and compliance staff in • Export Controls• Data Privacy• Anti-Corruption

Becoming a Better Partner: How?

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• Investing in Technology• New Restricted Party Screening Platform

• Screening more often (daily and on –demand)

• Better tracking screening results

• Better capability to customize to Client needs

• Product catalogue• Incorporates data about export controls and customs codes

(HTS codes)• Multiple countries

• Will be able to flag similar items for potential export risk

Becoming a Better Partner: How?

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• Specific Initiatives• Enhancing export processes and documentation• Provides more protection for sellers

• Providing more information and support for buyers• Export, import, transportation

• Strategic alliances with several Export Compliance Consultants

• Exploring additional resources through 3PL relationships

• More FAQs

• More information for Customer Service Reps

Becoming a Better Partner: How?

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Jill Williamson, Associate General Counsel – Compliance Officer

1920 L St. NW, 6th Floor

Washington, DC 20036

Jill.Williamson@Liquidityservices.com

202-467-5882

Contact