In the increasingly demanding arena of international trade, keeping track of and effectively complying with numerous regulatory requirements can be a daunting task.
Companies that do it well gain significant competitive advantages: customer and government confidence and trust, lower costs, and access to markets that might not otherwise be available.
Those whose export programs fall short carry significant risks and disadvantages: fines and jail terms, loss of export privileges, higher costs, delays, and often irreparable damage to personal and corporate reputations.
Well-executed export responsibilities are critical for the survival of companies relying on international sales or defense-related revenue. With both monetary and criminal penalties harsher than ever, and regulatory and watchlist changes occurring daily, compliance is no longer a choice—it is a business necessity.