Tagged: export licenses

Commerce Department Offers Six-Month Extension for Export Licenses

Commerce Department Offers Six-Month Extension for Export Licenses

In recognition of the impact that Covid-19 has had on global companies involved in export operations, the Commerce Department’s Bureau of Industry and Security announced a streamlined process for companies to request a six-month extension for licenses that are scheduled to expire on or before December 31, 2020. The pandemic has caused significant disruption to global companies distribution channels and supply chains. Air and ocean...

Make Sure You Address Compliance with Export Controls

Make Sure You Address Compliance with Export Controls

Compliance officers have to avoid professional myopia. The focus of compliance these days has been on anti-corruption, antitrust, and AML, depending on your company’s industry. They fit nicely together under an anti-corruption umbrella. But limiting your compliance program to these areas is shortsighted. Other legal and regulatory requirements require careful attention for compliance and can impose harsh penalties for noncompliance – export compliance is a...