Know your customer” is sage advice for any good business. For companies that export goods or technology overseas, a recent case in Canada serves as a reminder that it’s also a compliance obligation.
Canadian authorities charged a Toronto man in April with attempting to ship nuclear technology to Iran, after first purchasing the equipment from a company in Massachusetts. They were first alerted to the man’s intentions when the U.S. manufacturer that sold him the equipment learned it would be sent on to the United Arab Emirates—a haven for forwarding all manner of goods onto Iran or other destinations forbidden by U.S. export law.
