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of <h1>New Risk Management Division Formed to Oversee Customs Risk System, Enhance Trade Safety and Compliance.</h1> The circular outlines the establishment of a Risk Management Division (RMD) within the Directorate of Systems and Data Management, tasked with overseeing the Risk Management System (RMS) for Customs. The RMD is responsible for designing and implementing risk management strategies, collecting intelligence, and maintaining a database to assess and mitigate risks in international trade. It coordinates with various directorates and Custom Houses to address national and local risks. The circular also establishes National and Local Risk Management Committees to review and supervise the RMS's effectiveness, ensuring compliance and facilitating trade. Periodic reports on RMS performance are mandated.
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