Customs Risk Management Definition

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Customs defines risk management as . . .

A proactive management technique that identifies processes for controlling risk.

Customs also has a standard definition of risk that can be used. It is . . .

The degree of exposure to the chance of non-compliance or violation of laws that would result in injury or loss to the Government or public. Risk is also anything that threatens our ability to accomplish our mission. Risk is characterized by the fact that 1) it is partially unknown, 2) it changes with time, and 3) it is manageable.

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