Everything you need to know about export control
What is export control?
Why do governments impose export regulations?
Results of violations of export regulation
Not adhering to government-imposed regulations can lead to serious consequences for you or your business. These penalties usually vary depending on the violation. Some examples of consequences are:
- Civil penalties: your company could receive monetary fines ranging from thousands to millions of euros, depending on the extent of the violation.
- Being banned from exporting goods: the export licenses of your business could be suspended or revoked entirely.
- Criminal prosecution: in cases of serious violations, you or your company might even be subject to criminal prosecution. This could result in fines or even the dissolvement of a business.
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Outside assistance and coaching will keep you sharp. Because you can’t know everything in the volatile domains of sanctions & export controls.
Different types of export control
There are several types of export goods that governments regulate. The following are some of the most important types:
- Dual-use goods: dual-use goods are items, technologies or sensitive information that can be used in both civilian and military cases. Think about advanced electronics, software and dangerous chemicals or materials. Governments want to prevent the use of these goods in military activities, or want to make sure that they are not reproduced on a large scale.
- Military items: goods that are specifically designed or modified for military purposes are also subject to an extensive export control procedure. Examples include weapons, ammunition, and military vehicles. These items are directly linked to national security, and therefore usually have to adhere to strict regulations.
- Restricted technologies: certain technologies, for example those that are related to nuclear, chemical, biological or missile technology, are subject to strict regulation regarding export to other controls. Just like in the other cases, governments want to prevent reproduction and misuse.
How do you stay compliant and avoid export control issues?
It is crucial for businesses that regularly export goods from one country to another to make sure they stay compliant with all rules and regulations. This is important, because if you do not comply you risk high fines and penalties on top of export control issues. The first step to make sure your company and your employees are complying with the regulations, is to know where you stand right now. You have to evaluate your compliance process to figure out if you adhere to all the relevant rules. A tool that can help you with this evaluation is Scan365. This scan is based upon the European Union Guidelines for Internal Compliance Programs, and the US BIS guidelines for effective export control management programs.
Discover export control services
It is obvious that it is extremely important to make sure you are complying with all relevant export control provisions. However, it can be quite difficult to navigate all the complex laws and regulations that are implemented in different countries. Especially if you do not really know what you are looking for in terms of export control. Export Control Group has several export control services to help you become compliant and understand all regulations. For example our A4 approach: the perfect base for your organization to become compliant. You could even decide to outsource this knowledge to experts and hire an export control officer.
Do you have any questions regarding export control regulations and how to become compliant? Feel free to contact us and request a non-commanding introduction using the form below.
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