in Aerospace / Defence

AEB publishes free export controls guide

Posted 17 February 2017 · Add Comment

Provider of global trade and supply chain management software, AEB, has today announced the release of a free online guide to help executives understand the business relevance of export controls.

Senior managers focus on increasing productivity, reducing costs, developing products, and winning customers. Export control compliance is often considered a burden.

Why is it important? Who's responsible? What are the consequences of non-compliance? AEB, a leading provider of global trade and supply chain management software, has developed an online guide to help executives understand the relevance of export controls for their business. Titled 'US export controls: Make the right decisions – A practical guide for executives', the guide can now be downloaded free of charge at www.aeb.com/uk/media/booklet-online-us-export-controls.php .
 
Compliance with frequently changing EU and US export control regulations can be extremely challenging. It’s often considered an administrative burden, as it doesn’t seem to add any value to services or products. But non-compliance is not an option: criminal fines, administrative penalties, and costs associated with defending against enforcement actions can place a massive burden on a company’s finances. Damage to the brand image and large financial penalties can have a very direct impact on the shareholder value of the company.
 
That’s why AEB has teamed up with leading export control consultant David Hayes, Director of David Hayes-Export Controls, to develop a practical guide designed to support senior managers in understanding their legal responsibilities and which measures they need to implement to ensure compliance. The guide covers the following topics:
 
•    Importance of export controls
•    Purpose of export controls
•    Relevance of US export controls
•    Responsibilities and obligations
•    Consequences of non-compliance
•    Effective compliance programmes
•    Compliance of the future
•    ROI of compliance programmes
 

Claire Umney (above), General Manager at AEB (International) Ltd, said: “Consequences of non-compliance cannot only be viewed through the lens of government fines. Financial impacts involve much more than penalties and it is extremely important to prioritise compliance programmes at board level. Implementing sound programmes will protect businesses from the potential financial and reputational impacts of non-compliance.

"With our new guide, we want to help executives understand why export controls start at the top of a business, and what the opportunities are for increasing efficiency, mitigating risks, and optimising security throughout – and beyond – an organisation. As one of the co-authors, I am very proud of our new guide and the value it offers to senior managers.”
 
AEB’s online guide "US export controls: Make the right decisions – A practical guide for executives" is tailored to executives in the senior management of companies that manufacture, trade, or distribute controlled materials.


The guide is available free of charge at: www.aeb.com/uk/media/booklet-online-us-export-controls.php

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Rolls-Royce launches R2 Data Labs

Rolls-Royce has launched R2 Data Labs, to act as an acceleration hub for data innovation.

Morgan wins 4.49m MoD body armour contract

A £4.49 million defence contract has been agreed between Morgan Advanced Materials and the Ministry of Defence (MoD).

Defence Secretary in Doha as BAE Systems agrees Typhoon contract with Qatar

BAE Systems and the Government of the State of Qatar have entered into a contract, valued at approximately £5 billion, for the supply of 24 Typhoon aircraft to the Qatar Emiri Air Force, along with a bespoke support and training

Inmarsat voted World's Leading Inflight Internet Service Provider

Inmarsat was last night crowned the 'World's Leading Inflight Internet Service Provider', marking the end of another breakthrough year with its next generation GX Aviation and European Aviation Network (EAN) wifi solutions for

Gatwick has busiest ever November

London Gatwick has achieved its busiest-ever November as 2.9 million passengers travelled through the airport last month, bringing Gatwick to 45.5 million annual passengers.

Rolls-Royce obtains final approval for acquisition of ITP

Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (ITP) owned by SENER Grupo de Ingeniería SA (SENER).

Aviation Africa SK18418
See us at
SMI NCWBT3110020218FIL18 BT111017220718Aviation Africa BT18418S&P BT281117080318SMI FAVSABT2411120418