Core Elements of an Export Compliance Program | Practical Law

Core Elements of an Export Compliance Program | Practical Law

A Practice Note providing detailed information regarding the processes that companies should implement to ensure that they are in compliance with US export laws and regulations, including the Export Administration Regulations (EAR), the International Traffic in Arms Regulations (ITAR), the Foreign Trade Regulations (FTR), the Foreign Assets Control Regulations (FACR), and the antiboycott laws and regulations. This Note provides a brief overview of export control and economic and trade sanctions laws, outlines export compliance activities, and describes the steps that an organization should take as it develops a compliance program. Those steps include communicating management commitment, establishing an export compliance team, developing policies and procedures that fit the needs of the organization, training employees to comply with export regulations and policies, and ongoing auditing and risk assessment.

Core Elements of an Export Compliance Program

Practical Law Practice Note w-001-8262 (Approx. 35 pages)

Core Elements of an Export Compliance Program

by Melissa Proctor, Miller Proctor Law PLLC with Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Practice Note providing detailed information regarding the processes that companies should implement to ensure that they are in compliance with US export laws and regulations, including the Export Administration Regulations (EAR), the International Traffic in Arms Regulations (ITAR), the Foreign Trade Regulations (FTR), the Foreign Assets Control Regulations (FACR), and the antiboycott laws and regulations. This Note provides a brief overview of export control and economic and trade sanctions laws, outlines export compliance activities, and describes the steps that an organization should take as it develops a compliance program. Those steps include communicating management commitment, establishing an export compliance team, developing policies and procedures that fit the needs of the organization, training employees to comply with export regulations and policies, and ongoing auditing and risk assessment.