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 current global trade. 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?
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.
In short, all businesses are affected by export controls. These rulings regulate:
- What a business trades.
- Whom they do business with.
- Where they export to.
- What kinds of businesses are affected by export control?
How Customs Connect help you with Export Control Compliance?
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:
- Training.
- Secondments.
- 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.
Our experts, can help your business benefit from a more streamlined export control process and provide 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.