A web of detailed rules and regulations has long made compliance with U.S. export laws tricky business for companies. Now, increased enforcement activity and a recent legislative change have dramatically raised the stakes for getting it wrong, experts tell Compliance Week.
Part of the challenge companies face in complying with U.S. export controls is that there’s more than one rulebook. “In the U.S., there are a slew of different regulations that govern different types of exports,” says David Lorello, an attorney in the London office of Steptoe & Johnson.
For example, companies might have to contend with the International ...