Building an Export Compliance Program

The mandatory checks and balances for export compliance are fairly standard, and most global US corporations are aware of them. However, only 62% of exporters surveyed in an October 2009 study by Amber Road actually have a full export compliance program (ECP) in place.

By · March 14, 2012

The mandatory checks and balances for export compliance are fairly standard, and most global US corporations are aware of them. However, only 62% of exporters surveyed in an October 2009 study by Amber Road actually have a full export compliance program (ECP) in place.

This leaves many organizations vulnerable and at risk of noncompliance. Penalties and fines have been on the rise since 2006 with the implementation of the USA PATRIOT Act and the International Emergency Economic Powers Act in 2007. All organizations, large and small, are susceptible to committing infractions when not exercising due diligence.

Small to medium-sized enterprises (SMEs) have particular difficulty exercising compliance because of resource constraints. The lack of full-time compliance teams, coupled with the complexity of regulations across global markets, can make compliance difficult for these smaller organizations.


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Face security threats head-on. Protect data beyond perimeter.
Traditional Data Loss Protection (DLP) solutions present a number of serious shortcomings and challenges for companies deploying them, creating a clear gap in the market.
Download Today!
From the January 2018 Logistics Management Magazine Issue
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and the most successful shippers will be those that are able to mitigate their impact on profitability. And, the right technology will play an increasingly vital role in driving efficiencies across the global logistics network.
The Future of Retail Distribution
Navigating the Reverse Supply Chain for Connected Devices
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Securing IoT data across the connected supply chain
Learn why a holistic approach to IAM is the most effective way to govern access to your systems and information requested by your partners, vendors, customers, and connected devices.
Register Today!
EDITORS' PICKS
State of Global Logistics: Delivering above and beyond
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and...
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...

Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...