Export compliance risk assessments
Having a good export compliance programme will mean you have addressed all aspects of an export from start to finish, taking into account all relevant local and international laws and regulations that are relevant.
How do you know how well you are complying with the relevant regulations?
When was the last time you conducted any kind of audit, appraisal, or health-check on the sanctions and export compliance programme in your business?
Ensuring Compliance
There are several ways in which risk assessments are useful for ensuring your compliance with sanctions and export regulations.
Overall business risk assessment
To conduct a high-level assessment of all possible contributors to the compliance of your business from a sanctions and export compliance perspective, identifying any specific gaps and providing recommendations for addressing them
Evaluation Of Existing Process And Procedure
You may already have policy and procedures in place to address the requirements but want a sanity check to ensure that there are no holes in it. This is easily carried out to provide you with the necessary peace of mind, whether or not changes are required
Transactional Risk Assessments
Especially useful when no two contracts in your business are alike, your business might involve projects that are tailored to bespoke client requirements. Have you considered reviewing the processes you follow to ensure consistency and efficiency, and to confirm compliance.
The
Assessment
Process
Carrying out a risk assessment can be done in a variety of ways.
Typically, risk assessments start with an overall appraisal of the business activities, followed by an evaluation of the various policies and procedures that dictate the steps followed to achieve the necessary levels of compliance.
More thorough evaluations will involve sitting together with those who carry out the most critical steps, reviewing the procedures they follow, and analysing how the process works in real-time.
Whichever situation you find yourself in, contact MJ Trade Advisory to discuss how we can help you ensure your programme is delivering the outcome you need.
Other Areas Of Expertise
Export classification
Export classification is the bedrock of having confidence in compliant exporting
Impact of US export regulations
The United States implement international trade compliance regulations through several different government organisations.
SanctionS & Embargoes
Sanctions and embargoes are currently in place against more than 30 countries around the world.
Internal compliance
Based on our years of experience in industry working with such programmes, MJ Trade Advisory can review your existing set-up.
Training
Are you looking for cost effective ways to keep your team up to date with the latest regulations
Audits
Auditing is a fundamental part of maintaining a good compliance programme.
