Exporting provides huge opportunities for companies but it also adds a degree of risk that could negatively impact shareholder value. Catalyst Connection’s Export Compliance Services can increase the benefits of exporting while decreasing the risk. Export violations can result in termination of a company’s export privileges, suspension from government contracting, potential fines of up to $1 million per violation for both the company and responsible individuals, as well as up to 20 years in prison. While export violations can have significant repercussions, our Export Compliance Services help manufacturers utilize proven, preventative strategies and methods that best practice companies use to minimize personal and business risks, and their company’s liabilities under export regulations.
Catalyst Connection has worked with a variety of manufacturers to help them understand their requirements under the various export regulations and to implement a formal Export Compliance Program. We can support your process as much as needed – from conducting an audit of a company’s existing Compliance Program, to helping those companies that are new to the world of export compliance. In this latter case, we help the company determine the appropriate classifications for individual products, develop procedures and documentation, and provide training and coaching to their team and staff.