Background / Services

Background:

  • The rules on export controls and sanctions can seem complex and confusing. The overall purpose of the rules is to create stability and security in the world.
  • Specifically, this means that a company, among other things must have an overview of how your products and services are compared to the existing product lists, in which markets you are allocated and to which customers.
  • Risk image thus depends on the specific business, in particular which products / services sold and in which geographic markets.
  • For Danish export companies and their supplier’s awareness of the rules – including the US – and ensuring compliance is of great importance. Lack of this can result in loss of orders, substantial fines, reputational damage and in the worst case, imprisonment and exclusion.

Services:

  • Clarify export control and sanction rules relevance to your business.
  • Get help to do the right things in the right order.
  • Get help to identify the company specific risks and have conducted a risk assessment as a basis for an appropriate compliance strategy and the further work to establish and ensure an adequate compliance readiness in the company. Relevant for both the company that does not have a compliance alert as that already have active measures.
  • Tradecompliance.dk can of course also provide advice in individual cases where the company by customers, suppliers or authorities have become aware of the rules and regulations on export controls and sanctions.
  • Tradecompliance.dk can also advise on the purchase or own development of IT tools and processes to support compliance. Get sparring before larger projects are started. There is a tendency that companies often underestimate the costs of consumption of own time in the organization. Therefore, the input to do it right in the first attempt can turn out to be very valuable for the company.

Background:

  • The rules on conflict minerals has been in the US since 2010. This means that listed US companies must disclose if any of the four minerals are part of the company’s products and derive from an illegal mine in DR Congo:Tantalum (Ta),
    Tin (Sn),
    Tungsten / Tungsten (W) and
    Gold (Au)
  • Danish companies can as subcontractors be included in the supply chain to US listed companies and therefore be required to provide proof that no conflict minerals are embedded in their products.
  • EU also decided in June 2016 – after long political discussions – to introduce rules on conflict minerals. The rules are still being worked out.

Services:

  • Get help understanding the rules
  • If your business has received an inquiry from a customer on conflict minerals to help you correct feedback
  • Get advice on how your company ensures documentation by subcontractors.
+ Export controls & sanctions

Background:

  • The rules on export controls and sanctions can seem complex and confusing. The overall purpose of the rules is to create stability and security in the world.
  • Specifically, this means that a company, among other things must have an overview of how your products and services are compared to the existing product lists, in which markets you are allocated and to which customers.
  • Risk image thus depends on the specific business, in particular which products / services sold and in which geographic markets.
  • For Danish export companies and their supplier’s awareness of the rules – including the US – and ensuring compliance is of great importance. Lack of this can result in loss of orders, substantial fines, reputational damage and in the worst case, imprisonment and exclusion.

Services:

  • Clarify export control and sanction rules relevance to your business.
  • Get help to do the right things in the right order.
  • Get help to identify the company specific risks and have conducted a risk assessment as a basis for an appropriate compliance strategy and the further work to establish and ensure an adequate compliance readiness in the company. Relevant for both the company that does not have a compliance alert as that already have active measures.
  • Tradecompliance.dk can of course also provide advice in individual cases where the company by customers, suppliers or authorities have become aware of the rules and regulations on export controls and sanctions.
  • Tradecompliance.dk can also advise on the purchase or own development of IT tools and processes to support compliance. Get sparring before larger projects are started. There is a tendency that companies often underestimate the costs of consumption of own time in the organization. Therefore, the input to do it right in the first attempt can turn out to be very valuable for the company.
+ Conflict Minerals

Background:

  • The rules on conflict minerals has been in the US since 2010. This means that listed US companies must disclose if any of the four minerals are part of the company’s products and derive from an illegal mine in DR Congo:Tantalum (Ta),
    Tin (Sn),
    Tungsten / Tungsten (W) and
    Gold (Au)
  • Danish companies can as subcontractors be included in the supply chain to US listed companies and therefore be required to provide proof that no conflict minerals are embedded in their products.
  • EU also decided in June 2016 – after long political discussions – to introduce rules on conflict minerals. The rules are still being worked out.

Services:

  • Get help understanding the rules
  • If your business has received an inquiry from a customer on conflict minerals to help you correct feedback
  • Get advice on how your company ensures documentation by subcontractors.