US Export Compliance
Export Controls are a group of regulations and laws that govern specific products, services, and technology/technical data for national security. When they think about exporting laws, most people only consider physically shipping items overseas.
However, an export is any transport of an item or information to a foreign country, and to make things even more complicated, “exports” can occur when shipping things abroad or within the United States.
U.S. businesses that sell goods and services in a global market are required to comply with various export control laws that are published by several U.S. departments like the Department of Commerce, the Department of Treasury, and the Department of State.
Export compliance does not only apply to big companies, and any U.S. business that sends products, services or technology/technical data to foreign countries are subject to export control regulations.
Regardless of what you export to other countries, you need a compliance program that ensures you are compliant in all areas of your business to prevent export violations.
What Are The Penalties For Export Non-Compliance?
Penalties for export violations vary based on the size and nature of each infraction. Export management is even more critical for small and medium-sized businesses because they represent most of all U.S. exports.
Fines for export violations can reach up to $1 million for each infraction, as reported by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS). You and your staff could receive criminal charges for specific illegal export transactions with prison sentences of up to 20 years for each infraction so it is not just your finances that are in jeopardy with non-compliance.
The scary thing is that small and medium-sized businesses think they either lack the time and resources to implement an export compliance program. Many SMBs also believe that they are not subject to export control laws due to their size or industry.
In either case, all companies are responsible for ensuring they comply with export regulations.
How Can We Help You Achieve Export Compliance?
Businesses that are exporting products, data, or services need to follow some necessary steps to ensure they are compliant with U.S. export regulations. No matter the size of your company or the nature of your exporting operations, you need to be aware of all export restrictions to avoid hefty sanctions.
Export Solutions is equipped with the knowledge and experience you need to operate your business smoothly and remain compliant. We will help your personnel understand what is required of them to protect you and your company in several ways, including:
- Our team has – on average – 15 to 20 years of trade compliance background and expertise. There’s no need to reinvent the wheel. We’re here to help!
- We specialize in all aspects of ITAR and EAR compliance. That means you can have an international trade compliance expert in your corner, at a fraction of the cost of hiring a full-time employee.
- Our specialists can help with everything from “one-off” questions, to the full-scale day-to-day management of your compliance activities.
Take the first steps to secure your business and prevent unnecessary headaches so you and your employees can focus on your business.
Our export compliance specialists are standing by and ready to talk with you today!