Risk management techniques and their use by customs

Today risk analysis and risk management techniques are part of any decision making process in\ud practically every kind of organization. Generally speaking, such methodologies can be applied to all those\ud situations where an undesired or unexpected event can have a significant impact on the objectives of a\ud certain entity. For Customs, in particular, risk analysis & management techniques are helpful to optimize\ud both human and financial resources, reduce costs, expedite clearance, limit corruption (where inspection\ud processes are automated), thereby improving their overall efficiency and performance