Are you up to speed with all mandatory Export Control steps?
In the whitepaper "The Five Most Common Myths about Export Control", AEB informs about important background information on the topics Export Controls, Dual-Use Goods, Denied-Party Address Screening and EU-applicable US-regulations.
Due to anti-terrorism regulations, organisations are required, among other
things, to prove full compliance with global export control
regulations. Professional IT systems for sanction list screening and export
controls enable businesses to trade in accordance with applicable legislation
and to provide required audit trails to customs
authorities.
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AEB Compliance solution suite provides automated checks for the below steps, and furthermore, keeps your business transactions compliant without disrupting the workflow. Updated and relevant laws and regulations are referred to for each automatic check, including national law, EU law and international resolutions (e.g. UN, OSCE). Check logs provide overviews with all applicable details and references.
Get your Free Whitepaper now.
AEB Compliance solution suite provides automated checks for the below steps, and furthermore, keeps your business transactions compliant without disrupting the workflow. Updated and relevant laws and regulations are referred to for each automatic check, including national law, EU law and international resolutions (e.g. UN, OSCE). Check logs provide overviews with all applicable details and references.
Step 1: Check for Critical Business Partners
Being compliant means companies are prohibited from making financial funds or economic resources available to parties suspected of involvement in terrorist activities. Furthermore it is prohibited to have contractual agreements with or salary payments to certain specified parties. Denied-party address screening involves checking your addresses against official sanction lists. It’s recommended to have a rather high frequency of automatic batch screening checks of your entire master data.Learn more about the five common myths about export control. Get your free whitepaper here….
Step 2: Check for Country Embargoes
First focal point of an export control examination is the destination country: Are there any embargoes against this country in place? If yes - is it a total, partial or weapons embargo? Iraq, Iran, Syria, Libya, Tunisia, North Korea, Ivory Coast, Congo, Sudan, … Which goods can be sent to which countries and what restrictions refer to which kind of embargo?Step 3: Check for Critical Goods
Which goods can be sent without further ado? Which goods require a licence? Most export control regulations center on the evaluation, classification and control of goods. To find out if certain commodities are subject to licence requirements, the product master data must be examined thoroughly. References ready at hand for everyone in charge of exports are: Commerce Control List, Commerce Country Chart, the Annex of the EC Dual-Use Regulation, etc.Step 4: Check for Critical End-Use
In addition to checks for critical goods, every commodity’s end-use must be examined. Considering the critical end-use of goods to be shipped, additional licence requirements can arise. Goods classified as critical end-use are either destined for use in a nuclear facility, for conventional weapons or for military end use, or their use relates to chemical, biological or nuclear weapons.This means that also goods that do not appear on the controls lists may require a licence. Article 4 of the EC-Dual-Use Regulation defines which applicable end-use requires a licence.
