MEC EXPORT COMPLIANCE AWARENE$$ Presented by : Paul Divecchio –Di. Vecchio & Associate Phone: (617) 513 -3230, Fax: (508) 393 -3645 Email: pauldivec@earthlink. net
Export Compliance Decisions 1. USE COMMON SENSE!! Everybody Has it? ? 2. Document Decisions Demonstrate your D 2 “Due Diligence” 3. Abide by the Exporters Cardinal Rule WHEN IN IT OUT, NOT: IT OUT
What You Know! Stated & Implied
Company Objective • Don’t be an Ostrich ! • ENHANCE EXPORT OPPORTUNITIES • RISK AVOIDANCE
CURRENT CLIMATE • Mandatory AES Compromised (DHS vs. Census) • Patriot Act Penalty Increase - $10 K to $50 K • PRC – “Catch All”-conventional military • Enforcement Oversight - AGRESSIVE • Industry Compliance Initiative – A MUST
What can happen if it goes wrong? • • • Fines Negative Publicity Denial export Privileges Disruption of Business Jail Time
Methods of Enforcement • • • Industry Sources - Informants Intelligence Sources Outreaches Safeguards Verification Program Visa Application Review Program Export Document Review (Targeting) ( SED/AES, Airway Bills, Bills of Lading) • Public Sources - Newspapers, Trade Publications, Internet
KEY EXPORT COMPLIANCE RISKS • WRONG JURISDICTION (Boeing –L 3) • CLASSIFICATION (NONE/WRONG) • GLOBAL DENIED PARTY REVIEWS • SLOPPY PAPERWORK • EMBARGOES – DIVERSIONS • ANTIBOYCOTT COMPLIANCE • TECHNICAL DATA TRANSFER – – EMPLOYEES OUTSOURCE CUSTOMER’S DATA SPONSOR LETTERS FOR VISAS
Some helpful websites • www. bis. doc. gov - Bureau of Industry & Security (BIS), U. S. Dept of Commerce -BIS EAR, press releases • BIS web site “RESOURCE LINKS” takes you to other federal agency web sites • www. census. gov/foreign-trade/schedule/b/index - U. S. Census Bureau - Schedule B Nos. • www. treas. gov/offices/eotffc/ofac – Office of Foreign Assets Control (OFAC)- summary sheets on embargoed (and other) countries • www. cbp. gov/xp/cgov/export/aes - U. S. Customs and Border Protection - Automated Export System (AES)
EFFECTIVE COMPLIANCE PROGRAMS EXECUTIVE COMMITMENT • Corporate Governance – establish a “code of conduct” • Compliance Focal Point • Location/Authority/Skill Sets/Budget/Recognition • • Compliance Team Engagement – High Morale • Global Compliance • All Divisions • Subs/Branches/JV • Unaffiliated • Compliance Assessments (not audits) • Include acquisitions • Education – Corporate Awareness • U. S. and Overseas Affiliates
HOW TO ACHIEVE ! KEY COMPANY ISSUES • RESOURCE COMMITMENT • Classification of products/technology • Technology Transfer Monitoring • Company Export Compliance Manual (formal) • Company Personnel Awareness (training/education) • Integration of Compliance with acquisitions • Subsidiary Compliance • Pro-act with governing licensing agencies • Automation of the Compliance Program
Company Compliance “Today” • Corporate Education (company awareness-global) • Corporate Training (operational personnel) • Roll out Formal Compliance Program • Form Compliance Committee • Automate Compliance Checks Wherever Possible < Maintain a Robust Program >
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