Overview
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.
The Catalyst Connection Difference
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.
Export Compliance Tools for Success
- Export Compliance Audit – This audit is an efficient way to ensure that a company’s internal export controls are sufficient and correct. It shows which procedures and processes are working and which are not. It also defines the actions needed to bring a company’s export compliance program up to best practice standards.
- Export Administration Regulations (EAR) – Defines the company’s requirements under EAR, as well as the Office of Foreign Assets Control (OFAC), an often forgotten regulation. Assistance is provided in interpreting the EAR and OFAC and in determining the appropriate classifications for the company’s products. Catalyst will help you develop and implement a company-wide Export Compliance Program, including a comprehensive Export Compliance Manual that includes procedures, tools and templates. As part of this assistance, Catalyst will conduct an audit of past and current exports and provide training to your company’s compliance team and staff.
- International Traffic in Arms Regulations (ITAR) – Defines the company’s requirements under ITAR. Assistance is provided in interpreting the ITAR, determining the appropriate classifications for the company’s products, and identifying new physical and cyber security requirements. As with EAR assistance, Catalyst will help you develop and implement an ITAR Compliance Program, including a comprehensive ITAR Compliance Manual, internal audit, and training.