The Knowledge Congress Has Scheduled a Live Webcast on Export Compliance and Audits

Nov. 20, 2015 - PRLog -- The Knowledge Group/The Knowledge Congress Live Webcast Series, brings together the world's leading authorities and industry participants through informative two -hour webcasts. It has scheduled a live webcast entitled: “Export Compliance and Audits: How to Minimize Risks in 2016 and Beyond LIVE Webcast” This two-hour event is scheduled on December 10, 2015 from 12:00 pm - 2:00 pm (ET).

Event Synopsis:

Exporting today is complicated, highly regulated, and often risky. The regulations continue to change, enforcement increases, and the risk of non-compliance, fines, and litigation grows each year.  The largest fines are for willful, criminal convictions currently are up to $1 million, but will increase to $10 million, or ten times the value of the export, when the new Export Administration Act is passed.

In 2014, a number of firms and individuals were convicted of export violations including, Wind River Systems which agreed to pay $750,000 to settle allegations that it had sold encryption software to those on the BIS Entity List, Robbins & Myers Belgium S.A pled guilty to the illegally exporting drilling equipment to Syria, paying $1,000,000 in criminal fines for $31,716 in equipment; and an individual  pled guilty to conspiracy to illegally export laboratory equipment from to Syria and is facing up to five years in prison and a fine of as much as $250,000.

To cope with the increasing complexity and changeability of the export industry, companies need to develop, implement, and maintain effective Export Compliance and Audit management policies and procedures. Staff should be trained, monitored, and evaluated; risk analysis models should be reviewed and evaluated annually; and all programs should be audited to ensure compliance. Owing to the complexity and variability of restricted export lists, it is prudent to use automated databases.

The Knowledge Group has assembled a panel of key thought leaders and professionals who will review recent export violations and help the audience understand the most important aspects of Export Compliance and Audits: How to Minimize Risks in 2016 and Beyond. The speakers also will share their best practices for maintaining an efficient and effective export compliance strategy and auditing process.

Key topics include:

§  Export Administration Act

§  Export Compliance Program and Auditing Process – An Overview

§  Developing an Export Auditing Program

§  Performance Indicator (KPI) Monitoring Techniques

§  Export Compliance Monitoring and Auditing

§  Automation of Export Compliance

§  Export Risk Models

§  Policies and Procedures of Export Compliance & Auditing Program

§  Safeguards and Standards of Conduct in Export Compliance

§  Sanctions for Violation of Export Controls

§  Export Compliance Security

§  Best Practices

Speakers:

Steven Brotherton, Partner, Fragomen, Del Rey, Bernsen & Loewy, LLP

George Zaharatos, Managing Director, KPMG

Giovanna M. Cinelli, Partner, Dentons US LLP

Damara L. Chambers, Special Counsel, Covington & Burling LLP

For an updated list of the faculty panel, please visit:  https://theknowledgegroup.org/export-compliance-and-audit...

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.