Internal Control Programs
An Export Compliance Program or ICP governs how
export managers and staff do
their daily jobs. The US Government takes
export compliance extremely seriously.
An ICP is regarded by all regulatory agencies
as a key indicator of export
compliance. An absent - or weak - ICP is
considered a major negative.
Should problems develop, companies with strong ICP's are in correspondingly stronger positions. Well-known firms that may have "saved money" with weak (or non-existent) ICP's have paid for it later. Penalties run into the tens of millions of dollars plus highly-damaging publicity. For severe or repeated violations, companies may face a US Government "blacklist" - denial of export privileges that can be ruinous to business reputation and commercial relationships.
MK Technology is expert in the design and implementation of ICP's. We offer practical advice to those who must manage ICP's on a day-to-day basis, as well as to upper management, whom the US Government insists bear ultimate non-delegable responsibility.
Should problems develop, companies with strong ICP's are in correspondingly stronger positions. Well-known firms that may have "saved money" with weak (or non-existent) ICP's have paid for it later. Penalties run into the tens of millions of dollars plus highly-damaging publicity. For severe or repeated violations, companies may face a US Government "blacklist" - denial of export privileges that can be ruinous to business reputation and commercial relationships.
MK Technology is expert in the design and implementation of ICP's. We offer practical advice to those who must manage ICP's on a day-to-day basis, as well as to upper management, whom the US Government insists bear ultimate non-delegable responsibility.