I co-authored an article with Heather Smith, Associate General Counsel and Secretary at Lydall, Inc., outlining best practices for companies to undertake to ensure successful export transactions. The article also discusses the relevant regulations and agencies governing and enforcing export activities, such as the Export Administration Regulations (EAR), the International Traffic in Arms Regulations (ITAR) and Office of Foreign Assets Control (OFAC). As we point out in the article, “U.S. export and sanctions laws have a broad reach and can cover conduct occurring entirely outside the United States and actions undertaken by non-US parties.” It is therefore important that any company involved in export transactions be aware of and establish “a robust culture of compliance, including tone from the top and clear policies and procedures, [as] an essential part of effective compliance.”
The full article, “Export Compliance: Challenges and Best Practices,” was published in the June 2017 issue of Compliance & Ethics Professional, a publication of the Society of Corporate Compliance and Ethics.