Export Control refers to a set of regulations that govern the way that products, software and technology move across national borders for non-proliferation, national security or foreign policy reasons.
Trade compliance is as important as ever in this global world. Understanding the requirement and processes are critical and failure in this area can lead to substantial fines.
Export Control penalties can cause businesses all kinds of issues when it comes to the movement of goods:
- Shipment delays
- Shipment seizures
- Prison sentences
- Reputational damage
What kinds of businesses are affected by Export Control?
In short, all businesses are affected by Export Controls. These regulations regulate:
- What a business trades
- Whom they do business with
- Where they export to
Understanding Export Control can be a complicated and laborious process. Knowing exactly how these regulations apply to your specific business is vital to avoid any costly issues further down the line.
How Customs Connect help you with Export Control Compliance?
Here at Customs Connect, we combine our knowledge of the complicated Export Control requirements with your specific business needs to mitigate risks associated with business activities.
Let us work alongside you to spot the risks and help your business avoid costly Export Control fines or penalties.
Our experts help manage Export Controls in a variety of ways, including but not limited to:
- Gap Analysis & Compliance Audits
- M&A Due Diligence
- Procedure Development & Implementation
- Assistance with investigations & disclosures
- Government audit preparations
Who is responsible for Export Control in your business?
Did you know: Businesses remain solely liable for Export Controls. This does not pass to agents or brokers, who act as direct representatives.
With help from our experienced Export Control experts, your business could benefit from a more streamlined Export Control process and the confidence that your Export Control matters are being handled in an efficient manner.
We will spot and help you fix any issues that may potentially cause problems in the future.
Looking to save your business money? Get in touch with Customs Connect
With help from our experienced customs experts, your business could benefit from a more streamlined customs process and improved administration. We will spot opportunities and help fix any issues that have the potential to cause problems in the future. Get in touch and see how Customs Connect can help your business.
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Contact us today +44 (0)845 519 0878