The Ultimate Guide to Export Control Compliance.
What is Export Control Compliance?
„Export control“ is the laws and regulations applied globally, regionally, and by countries to regulate the export (including transit, brokerage, technical assistance, and financing) of certain sensitive items like defense-related or dual-use items and technology. These items are controlled (and included in the so-called control lists) because their trading could lead to the proliferation of weapons of mass destruction and threaten national or international security.
Internal Compliance Program
Taking into consideration rapid scientific and technological advancements, the complexity of today‘s supply chains, and the ever-growing significance of nonstate actors, adequate trade controls depend to a great extent on the awareness of companies and their active efforts to comply with trade restrictions. To this end, companies usually set internal policies and procedures, also known as an Internal Compliance Programme (ICP), to ensure compliance with international and national trade control laws and regulations.
The specific company‘s size and commercial activities usually determine the scope and extent of these policies and procedures.
Published by RespectUs, 2024.
What is Export Control Compliance?
„Export control“ is the laws and regulations applied globally, regionally, and by countries to regulate the export (including transit, brokerage, technical assistance, and financing) of certain sensitive items like defense-related or dual-use items and technology. These items are controlled (and included in the so-called control lists) because their trading could lead to the proliferation of weapons of mass destruction and threaten national or international security.
Internal Compliance Program
Taking into consideration rapid scientific and technological advancements, the complexity of today‘s supply chains, and the ever-growing significance of nonstate actors, adequate trade controls depend to a great extent on the awareness of companies and their active efforts to comply with trade restrictions. To this end, companies usually set internal policies and procedures, also known as an Internal Compliance Programme (ICP), to ensure compliance with international and national trade control laws and regulations.
The specific company‘s size and commercial activities usually determine the scope and extent of these policies and procedures.
Published by RespectUs, 2024.
What is Export Control Compliance?
„Export control“ is the laws and regulations applied globally, regionally, and by countries to regulate the export (including transit, brokerage, technical assistance, and financing) of certain sensitive items like defense-related or dual-use items and technology. These items are controlled (and included in the so-called control lists) because their trading could lead to the proliferation of weapons of mass destruction and threaten national or international security.
Internal Compliance Program
Taking into consideration rapid scientific and technological advancements, the complexity of today‘s supply chains, and the ever-growing significance of nonstate actors, adequate trade controls depend to a great extent on the awareness of companies and their active efforts to comply with trade restrictions. To this end, companies usually set internal policies and procedures, also known as an Internal Compliance Programme (ICP), to ensure compliance with international and national trade control laws and regulations.
The specific company‘s size and commercial activities usually determine the scope and extent of these policies and procedures.
Published by RespectUs, 2024.