KPMG Survey Examines State of Export, Sanctions Compliance Programs
KPMG recently surveyed a range of companies about their export control and sanctions compliance programs to determine how they organize those programs, which regulations and regions are their focus, and how they manage compliance risks. The survey, released last month,…
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shows that compliance officials often manage multiple export regimes and nearly 90% of the respondents have a person or team “specially dedicated” to export compliance. About 25% don’t have or don’t know if they have a formal compliance program. In addition, about 99% said U.S. regulations affect their compliance, while 72% said they are affected by European Union laws and 46% by Chinese regulations. The survey also includes company responses to questions about risk assessments, training, screening activities and export licensing responsibilities.