AFC in Practice - Export Controls Ep.2: Lifting the Veil on Global Trade Risks

Overview

Sweeping restrictions on Russia’s access to Western-made dual-use and other sensitive goods and technologies, non-proliferation measures against Iran and North Korea, unilateral U.S. curbs on Chinese procurement of advanced semiconductors  — all these policies and regulations create material risk exposure for both manufacturers and financial institutions, which only increases as the regulations become more complicated over time. As a consequence, organizations need to apply increasingly sophisticated internal controls to effectively combat the circumvention of trade restrictions. This second episode in the three-episode Strategic Trade and Export Control series will examine key sources of exposure and vulnerabilities, common red flags and industry best practices for managing global trade compliance risks.