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Senior managers focus on increasing productivity, reducing costs, developing products, and winning customers. Export control compliance is often considered a burden. Why is it important? Who's responsible? What are non-compliance consequences?
The financial impact of export controls involves more than just fines and penalties. Reputational damage and delays (when discovering irregularities and while correcting them) incur significant costs and affect performance. Effective compliance programs are crucial for the future of a business today.