“Most compliance professionals with a basic understanding of international trade recognize that shipments to foreign locations are subject to export control laws. But few recognize how more common business activities, such as sending emails, posting product information to a website, saving documents to the cloud, international travel, and hiring foreign persons may also be subject to export control laws. Failing to properly address these compliance risks can expose your company to astronomical fines, loss of government contracts, and other significant penalties.”

For a more detailed discussion on export compliance risks, see “Export Controls Compliance: The often-overlooked billion-dollar risk,” Compliance & Ethics Professional Magazine, Society of Corporate Compliance and Ethics, July 2017