Several key elements form the foundation of effective export compliance:
Export Control Classification: Determining if the items being exported require a license based on their classification. End-Use and End-User Screening: Ensuring that the recipient and the intended use of the exported items are permissible under export regulations. Export Licenses: Obtaining the necessary licenses from regulatory bodies like the U.S. Department of Commerce or the Directorate of Defense Trade Controls. Record-Keeping: Maintaining accurate records of export transactions as required by law. Training and Awareness: Educating employees on export compliance requirements and procedures.