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Compliance - How it affects your Business!

Compliance - How it affects your Business! . FISWG Export Control Conference August 4, 2011. Barbara Clements & Associates, Inc. Trade Compliance: Changing the Way You Do Business. Lower Your Risk.

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Compliance - How it affects your Business!

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  1. Compliance-How it affects your Business! FISWG Export Control Conference August 4, 2011 Barbara Clements & Associates, Inc. Trade Compliance: Changing the Way You Do Business

  2. Lower Your Risk • Does your product, software and technology review include HTS/Schedule B, ECCN/USML, CoO and all other relevant government agencies? • Is valuation of transaction within the required data parameters for the responsible agency? • Is your documentation accurate & complete? • Do you have written policies/procedures and/or work instructions in place? • Do your employees reference and use these documents? • Are your employees adequately trained to integrate compliance into their daily responsibilities?

  3. Consequences • ITT - $100M and they pled guilty! • PPG – $3.75M in criminal and administrative fines...and the salesman is in jail! • DHL - $9.4M in civil penalties! • FedEx - $4M in civil penalties! Civil and Criminal fines...Incarceration... Jewelry (not from Jared's)....

  4. Agencies TALK

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