FUNDAMENTALS FOREIGN TRADE CONTROLS: DECIPHERING INTERNATIONAL EXPORT CONTROLS AND ECONOMIC SANCTIONS REQUIREMENTS AND HOW THEY APPLY TO YOUR BUSINESS

Mar 5, 2017 8:30am – 3:15pm

Mac Baki Fadlallaf
Partner
Akin Gump (UAE)

Rebecca Kelly
Partner
Morgan Lewis (UAE)

8:30 Registration and Refreshments

9:00 TRADE CONTROLS BROKEN DOWN: BASICS OF EXPORT CONTROLS AND ECONOMIC SANCTIONS

  • Major export control regimes
    • US International Traffic in Arms Regulations
    • US Export Administration Regulations
    • EU export controls on dual-use goods
    • EU export controls on military goods
  • Major global sanctions regimes currently in place
    • UN
    • EU
    • US

>10:00 GOVERNING BODIES, HOW THEY WORK TOGETHER AND WHO TO CONTACT

  • Role of government bodies in export policy and enforcement
    • EU Commission vs. Member States
    • US Departments of State, Commerce and Justice
  • Departments responsible for setting out new sanctions in the UN, EU and US
  • How department work together
  • How foreign governing bodies work together

11:00 Morning Refreshments

11:30 KEY ELEMENTS OF A THOROUGH COMPLIANCE PROGRAMME

  • Key compliance elements from the corporate statement of commitment to execution of order
  • Importance of incorporating export and defence trade controls into cross border programmes
    • Integrating ITAR, EAR and EU trade controls with other controls including anti-corruption and boycotts
  • Management of training testing the effectiveness of your training and compliance processes
    • Internal audits and updates
    • Generating defensive data
  • Establishing a process for reporting concerns

12:30 Luncheon

13:45 INTERACTIVE EXERCISES

Export Control Exercises:

During these exercises participants will work through scenarios focusing on when export controls apply, which export controls apply and what licences are needed for the shipments to various locals.

Sanctions Exercises:

During these exercise, participants will gain skills on apply foreign sanctions regimes to local business. Find out when a licence is necessary, uncover hidden risks and determine when business is prohibited

How to Proceed when a Red Flag is Raised:

Finally, participants will work through the ideal way to respond when a red flag is raised, from who to alert within the business, to which government departments to reach out to and when to reach out to them.

15:00 QUESTIONS AND ANSWERS

15:15 Workshop Ends