Tools and Strategies to Develop and Maintain a Corporate Export Control Culture that Minimises Risks of Severe Penalties in an Era of Heightened Scrutiny and Enforcement
U.S. Export Controls enforcers are more aggressive than ever in using the extra territorial reach of U.S. Export Control laws. European companies such as Cryostar (France), Reson A/A (RAS) (Denmark), Aviation Services International, BV (Netherlands) settled charges for illegal exports and re-exports with record criminal fines of $500,000 levied against Cryostar. Recently, Thermon Manufacturing Company including - Thermon Europe B.V. settled $176,000 in combined civil penalties for unlicensed exports and reexports allegations to Iran, Syria, Libya and listed entities in India.
Europe-based importers/exporters, their US trading partners, freight forwarders and other parties in the export supply chain must be aware of the implications of fast changing requirements and restrictions when conducting business today. The U.S. Administration has launched a reform of its Export Controls Systems which will have an impact on European importers/exporters. The new “recast” EC dual-use Export Control Regulations is now effective across EU Members States. EU exporters must review the Regulation carefully – in particular, the brokering and transit provisions, which could capture a wide range of activities that previously went unregulated. As global companies are under tremendous pressure to comply with all the laws, yesterday’s knowledge simply isn’t enough to avoid severe penalties including prison sentences in case of non compliance.
Companies that export to embargoed destinations without complying with export controls laws will suffer severe financial and commercial consequences. As the current top priority of governments around the world is the safeguard of national security, enforcement of export controls laws and other related laws will be intensified in 2010.
C5’s 4th Forum on Export Controls has assembled an exceptional faculty of senior government officials, industry leaders and seasoned legal experts. They will provide the latest insights on:
- Implications of the new EC dual-use Export Controls Regulation for EU Exporters
- Managing U.S. “deemed exports and re-export” restrictions in compliance with EU employment and data protection laws
- Managing restrictions on intangible transfers of technology
- How far you should go when screening end-users and end-use to minimise liability risks
- Priorities and methods of international cooperation among European and U.S. enforcing agencies
- How to demonstrate to enforcement officials that you did everything legally required and reasonable to expect to be comply with the law
Participants will also receive a comprehensive set of written materials prepared by the speakers specifically for this forum. These are invaluable reference materials which you will use again and again long after the conference is over.
In-depth Post-conference Workshop Run by Ernst & Young: Wednesday 10 February 2010
Using Technology to Overcome Challenges in Your Export Controls Administration and Compliance
Seats at this year’s edition are sure to go quickly! Book now to avoid disappointment by calling +44 (0) 20 7878 6888, faxing your registration form to +44 (0) 20 7878 6896 or register online at www.c5-online.com/exportcontrols
Conference Details
