Export Control relates to regulations imposed by governments over the movement of products, software and technology across national borders for non-proliferation, national security or foreign policy reasons.
The most familiar Export Control measure is sanctions, whereby restrictions are put in place against target countries to maintain or restore international peace and security. However, there is more to Export Control than just sanctions when it comes to remaining compliant.
Export Control overlaps with many of the other compliance regulations such as:
- Sarbanes-Oxley Act (SOX)
- Anti-Money laundering
- IT/Cyber security
Businesses remain solely liable for Export Control compliance i.e. this liability does not pass to customs agents or brokers, who act as direct representatives. Failure to comply with Export Control regulations could result in fines, penalties, shipment delays or seizures, prison sentences and reputational damage.
How can Customs Connect help you?
At Customs Connect, we combine our knowledge of the Export Control requirements with your specific business needs to mitigate risks associated with business activities. You can be safe in the knowledge that your processes are being efficiently managed.
Our experts can help you manage Export Control compliance in a variety of ways, including but not limited to:
- Gap Analyses & Compliance Audits
- M&A Due Diligence
- Procedure Development & Implementation
- Assistance with investigations & disclosures
- Government audit preparations
- Licensing strategy and support
Read more about our Export Control Compliance services here.
With help from our experienced Export Control specialists, your business will become more efficient and compliant. Find out more by contacting us on +44 (0) 845 519 0878.