Export Controls
Navigating international trade requires careful attention to sanctioned countries and parties. To ensure secure business operations abroad, it's crucial to screen business partners, agents, and potential clients, as well as the countries involved, before engaging in trade. Consider the evolving sanctions against nations like Iran, Venezuela, and Russia.
Beyond identifying the parties involved, it's essential to assess the products being traded (export controls). Items marked as 'dual use' or intended for 'military use' face strict trading restrictions.
Export Sanctions
Sanctions can be imposed by national, European, American, or United Nations authorities. Trading with restricted parties or dealing in components that require a licence can result in hefty fines, potentially impacting your organisation's ability to operate.
At PwC, we bring a wealth of experience in classifying goods, understanding various sanctions and export regimes, and engaging directly with authorities.
How we can support you:
Classification of Components/Products.
Conducting Forensic Investigations into suspicious deliveries, such as determining the need for a Voluntary Self Disclosure to American authorities.
Developing and Implementing Screening Policies (see also 'Global Intelligence').
Structuring Your Export & Screening Process.
Automating the Export & Screening Process for ease of use.
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