US export controls are some of the most complex and stringent in the world. The US Government regulates the transfer of US origin goods and technical data throughout the world, with the intent of preventing unauthorised transfer of technology and know-how. These controls extend worldwide and can impact anyone dealing in US controlled goods or technology.
In the US, punishments as high as US $78 million have been handed out to US companies. These punishments are not just a slap on the wrist, they can seriously impact a US export business and their customers and even include jail time. Even if a business is only being investigated for a potential ITAR violation, the State Department can shut down the operation, preventing the shipment of products.
Unearth Technologies understands the importance of trade controls compliance and invested time to attend the Centre for Export Controls Excellence (CFECE)’s Defence & ITAR Trade Controls – from non-US Perspective Training, held at the Marriott Sydney Harbour on the 12th & 13th of February 2014.
The training provided a range of valuable information and insight shared by Greg Creeser, Trade Consultant, Stacy Bosel, CFECE support representative and guest co-presenter Beth Ann Johnson from Northrop Grumman.
Unearth will continue to explore opportunities to gain insights enabling us to service Australian customers effectively and efficiently.