Export control is a companies’ adherence to numerous applicable laws, regulations, guidelines and specifications relevant to its business. Violations of compliance regulations often result in legal punishment, including hefty fines and imprisonment.
Today’s global marketplace is a very competitive and complex arena for companies to navigate, and the threat of dual-use items being used for wrongful purposes is real. Companies themselves are the first line of defense and are in the most strategic position to check customers and export transactions. In fact, authorities worldwide rely on the due diligence of exporters to help ensure national security.
MIC’s Export Control Management (ECM) software can help to ensure compliance with all relevant laws and regulations by automatically launching the necessary screening processes. As such, all checks are performed at the right time (denied party screening, license determination, embargo checks, end-use management, etc.).
As often said in customs and trade "It is not only about which business you do, it is about how you do it!"
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