Export Control: Master Your Trade Flows to Overcome International Regulations

Export control, a global safety issue 

Globalization, geopolitical issues, rapid technological developments and the evolution of worldwide supply chains have put export control regimes at the top of the corporate agenda. It's true that their enforcement is crucial to maintaining international security, protecting human rights and halting the proliferation of weapons of mass destruction. However, this export control is complex and must be carried out in compliance with embargoes, sanctions, extra-territorial scopes and other international agreements, which are constantly evolving according to the geopolitical context. Russia's war against Ukraine, for example, led to the rapid deployment of economic and commercial sanctions imposed by international organizations and governments. Several countries have banned the export of products to Russia, while the Russians have also blocked the export of some of their strategic goods.

Un risque non négligeable 

Face à la complexité des réglementations nationales, européennes et internationales en vigueur, tout manquement peut entraîner non seulement des amendes importantes et l’annulation des licences d’exportation, mais aussi des restrictions commerciales, voire des poursuites pénales, sans parler des atteintes à la réputation de l’organisation. Il est donc important de mettre en place un solide programmes de conformité en matière de commerce international. Mais pour cela, il faut être à même de maitriser ses flux commerciaux, un processus largement facilité par une solution RegTech éprouvée.  

Le règlement sur les biens à double usage 

Since the entry into force of the Dual-Use Regulation (EU) 2021/821 of the European Parliament and of the Council of May 20, 2021, the global context of export controls has fundamentally changed. As a reminder, the Dual-Use Regulation ensures that items such as advanced electronics, new technologies, toxins, missile technology or nuclear components, which have both civilian and military uses, cannot fall into the wrong hands.

Un tissu législatif international dense 

The international legislative framework for export control is extensive: the Wassenaar Arrangement, which focuses on the control of exports of military and dual-use goods and technologies, the Arms Trade Treaty (ATT), which regulates the international trade in conventional weapons, and national regulations such as the Export Administration Regulations (EAR) which regulate exports of sensitive goods and technologies from the United States, China's Export Control Law (ECL, 2020), post-Brexit regulations in the UK, ..... calling for the utmost vigilance on the part of companies.

Mettre en place des processus de diligence raisonnable pour s’assurer de la conformité des transactions commerciales  

Export Control requires a comprehensive understanding of current national and international regulations. Companies need to be aware of the specific restrictions and requirements applicable to different types of goods and technologies, as well as to the destination, such as the transport of satellite equipment prohibited to certain countries. In addition, certain governments, such as Russia, may have embargoes in place. The ecosystem of business partners and their reputation is also an important factor to consider, as lists of prohibited persons and entities can change rapidly, requiring constant monitoring and adaptation of business practices. Finally, it is necessary to know how exported goods will be used once they arrive.

Comment une solution Regtech peut aider à encadrer le contrôle des exportations 

La solution RegTech AP Solutions IO, offre des fonctionnalités avancées qui vont alléger considérablement la charge règlementaire. Dotée d’une technologie d’Intelligence Augmentée de dernière génération et largement paramétrable selon la politique de conformité de l’organisation, elle va filtrer les transactions d’exportation, procéder à la vérification automatique des listes de clients et partenaires commerciaux (KYC/KYS) pour identifier ceux faisant l’objet de sanctions ou de restrictions, et permettre la tenue de registres documentés, indispensables en cas d’audit par les organismes régulateurs. Les listes de sanctions sur lesquelles elles s’appuient sont mises à jour en permanence par des milliers d’analystes dans le monde (Nations Unies, OFAC, UE).  Plus d’agilité face au contexte réglementaire complexe pour l’entreprise, mais aussi de sérénité dans l’exercice de ses activités à l’international !