National security concerns are at a high-water mark, and government scrutiny of domestic and international transactions involving controlled assets has greatly increased under export control laws. Significant civil and criminal penalties can result from violating the confusing patchwork of export control laws governing the possession, trade, and export of controlled assets.
Given the myriad of ever-evolving export controls, the number of agencies administering the controls, and the serious penalties involved, companies that may possess, trade, or export-controlled assets should closely evaluate their current export control compliance practices and policies and dedicate personnel and resources to maintain compliance with export control laws.
