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- US re-export controls:
“Compliance” in global supply chain management means adhering to relevant rules and restrictions – such as embargoes against countries and individuals. The number, nature, and scope of such guidelines is growing worldwide. ASSIST4 Compliance & Risk Management is the tool that keeps your business transactions safe.
“Compliance” is a multifaceted concept. In the context of global supply chain management, it means adhering to relevant rules and restrictions – such as embargoes against countries and individuals. The number, nature, and scope of such guidelines is growing worldwide. Then there is the potential impact of corporate governance rules on logistical processes. ASSIST4 Compliance & Risk Management is the tool that protects your business transactions and relationships.
Given the plethora of national and international laws that are continually being updated, it’s not easy to ensure you’re always “playing by the rules” – complying with all export bans and anti-terrorism regulations.
If your company ships goods across borders, you must ask yourself:
Which country am I shipping to? Do any embargoes or export bans apply?
Do my goods require a license? For what purpose will my customer use the goods? Does US law apply?
Is my business partner named on a sanctions list?
ASSIST4 helps you answer these questions, looks for potential violations in your logistical processes, and protects them.
A one-time screening – of your master data, for example – is generally not adequate. Restrictions often apply only in special circumstances, such as when dual-use goods are shipped to certain countries. In the case of licenses, the quantity is often of critical importance. That’s why it’s absolutely essential that screening be integrated into the workflow. ASSIST4 Compliance & Risk Management does exactly that – whenever you create a new transaction or modify information that is subject to screening. At every step of the process.
ITM – May 2015
The US Export Control Reform (ECR) brings about significant changes for a number of different industry sectors including high-tech, electronics, aerospace and defense, software, and more. Iqubal Pannu explains areas of change, potential impacts, and how businesses can prepare.
AEB's white papers about export control myths and U.S. export controls dispel common misconceptions and explain in plain English what companies are required to do to ensure compliance with national and international export controls.