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Our Goals
Our goal is to coordinate a risk, threat and legal-based approach to complying with multilateral sanctions and export control regulations across all societies and to assist companies and governments in working together to enhance global trade compliance. We will:
- Provide tools to industry enabling a higher degree of global trade compliance.
- Build close localized relationships with industry, trade associations, and government agencies, laying the foundation for a thriving, mutually beneficial compliance ecosystem.
- Coordinate localized events with members.
- Assist in the resolution of complicated trade issues.
- Facilitate the flow of information between government and industry.
Our Activities
The network of societies will coordinate and advocate for members by:
- Work with members to identify shortfalls in the understanding of export controls and sanctions regulations and compliance.
- Coordinate training, speaking events, and certifications to enhance member’s understanding of regulatory and enforcement requirements.
- Attempt to meet regularly with relevant authorities to assist in facilitating the flow of information regarding compliance expectations.
- Discuss points of mutual benefit with other chambers of commerce and associations.
- Give opinions and suggestions on proposed new legislation concerning sanctions and export controls affecting industry.
- Develop and conduct the yearly International Sanctions and Export Control Update Conference.
Our Training
The network of societies will provide training opportunities, to include:
- Weekly training providing the core building blocks of compliance with export controls and sanctions.
- Special training sessions for more advanced understandings of risk and threat-based approaches to compliance.
- Guest speakers from government and industry to discuss important areas of export control and sanctions compliance.
APPROACHES TO COMPLIANCE
Legal-Based Approach
Threat-Based Approach
Legal-Based Approach
Focusing solely on compliance with the regulations can often be a check-in-the-box exercise missing the underlying reasons why export controls and sanctions exist. Adversarial governments study laws and have learned how to circumvent them. A solely reactive and legal-based approach to compliance can cause a wide variety of risk to a company.
Risk-Based Approach
Threat-Based Approach
Legal-Based Approach
A risk-based approach focuses on the risks factors inherent in conducting global trade, identifying red flags, and ensuring an organization knows its supply chain, customers, and customer's customers.
Threat-Based Approach
Threat-Based Approach
Threat-Based Approach
A threat-based approach focuses on the threats posed to industry by adversarial foreign government's, terrorist organization's, and organized crime's illicit acquisition programs. When comparing the priorities of these entities to a company's products and services, industry can allocate limited resources to critical threats and protect its people, products, services, and reputation.
Reactive Compliance
Proactive Compliance
Threat-Based Approach
Historically, industry and government have maintained reactive approaches to compliance and enforcement. Government enforcement is the last line of defense in ensuring compliance with export controls and sanctions; however, reactive enforcement inherently means government is responded to illegal and illicit activity that has already occurred.
Proactive Compliance
Proactive Compliance
Proactive Compliance
Industry is the first line of defense in sanctions and export controls. Industry is uniquely situated to detect and identify threats, risks, and nefarious activities. By making industry aware of the threats posed by illicit acquisition networks, companies can take a proactive approach to protect themselves and international security.
Combined approach
Proactive Compliance
Proactive Compliance
Understanding how to align limited resources to address critical risk areas affecting a company, using all methods of legal, risk, and threat-based compliance while balancing a proactive and reactive approach.