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Validity : 24th Sep'23 to 04th Oct'23
The US government regulates the export of technical information, commodities, technology, and software considered important to the US in the interests of national security, economic competition, and foreign policy. Recently, US Government enforcement of the Export Administration Regulations (EAR) has greatly increased due to concerns with sensitive exports to China, Russia, and Iran.
Penalties for violation of EARs are severe, including fines that can be as high as $250,000 per civil violation, and $1,000,000 for criminal violations, as well as 20 years imprisonment per violation.
Therefore, exporters need a customized, integrated export compliance program in order to manage their export decisions and be compliant with the EARs.
This webinar will assist companies in establishing or enhancing an export compliance program and demonstrate the best export compliance practices. US Government enforcement of export controls has recently increased due to concerns about the export of sensitive items to China, Russia, and Iran. In addition to severe penalties and fines, violating export controls subjects exporters to immediate reputational damage costly shipping delays, and denial of their export privileges.