JPMorgan Chase Vastera updates compliance software
JPMorgan Chase Vastera, a provider of trade management technology, has announced the availability of three updated suites of compliance applications.
TradeSphere Exporter 8.1 is an all-Java module for managing exports. TradeSphere Importer 3.5 allows the monitoring, managing and auditing of all processes for imports to the U.S.
The third upgraded application, TradeSphere Restricted Party Screening (RSP) 2.4, provides screening technology and multi-list management to help prevent illegal domestic and international transactions with denied parties that can result in financial penalties, imprisonment, and loss of a company's privilege to export.
In April 2005, JPMorgan Chase Bank acquired Vastera and combined it with the logistics and trade services business of JPMorgan Chase's treasury services unit.