International trade events can help you learn about exporting through networking with other exporters, trade professionals, and potential business partners.
Free Webinar Series in May
Export Compliance Demystified: How to Proactively Manage A Compliance Program
The MN District Export Council has joined forces with Shipping Solutions to present a comprehensive webinar training series on export compliance during World Trade Month in May. This four-part series will cover the reasons why understanding your responsibilities with export compliance programs is important, how to begin outlining your export compliance plan, and how to stay abreast of important export compliance regulations.
May 4: The Importance of Creating an Export Compliance Program
Export compliance is too important to leave to chance. Successful export companies create written export compliance programs (ECP) to help ensure their employees know, understand and comply with governing regulations in every step of the export process.
Tuesday, May 4, beginning at 1:00 pm EDT | 12:00 pm CDT | 11:00 am MDT | 10:00 am PDT
A comprehensive ECP reduces the chance of violating export regulations. It gives you a clear plan of how to audit your company’s procedures and processes yourself, so you can identify and address any potential violations before they even surface. And a well-written ECP can substantially reduce penalties if your company violates export regulations, as long as you can document that you regularly follow the written ECP procedures.
Join our speaker from the Export Management & Compliance Division at the Bureau of Industry and Security as they outline the fundamental steps of creating an effective ECP, the importance of getting company leadership to buy into the program, and where to get help in creating your formal plan. The webinar is free to all interested companies and individuals. It is scheduled to last 60 minutes and includes time for questions from participants.
What You’ll Learn:
- The components of a strong Export Compliance Program.
- How to get started creating an ECP.
- How to get a BIS review of your written plan.
- How to get buy-in from your senior management team for the program.
May 11: Avoiding Export Compliance Failures
U.S. export regulations are broad and complex. The penalties for violating these regulations can be significant including fines, bans on exporting, and even jail. Don’t let that happen to you or your company.
Tuesday, May 11, beginning at 1:00 pm EDT | 12:00 pm CDT | 11:00 am MDT | 10:00 am PDT
This webinar provides an overview of the compliance activities that apply to even the smallest exporters and includes real-world examples of companies that have paid the price for noncompliance.
Join Ross Galow, Special Agent, Bureau of Industry and Security (BIS), and Aaron Tambrini, Acting Special Agent in Charge, Chicago Field Office, Bureau of Industry and Security as they outline your responsibilities as an exporter. The webinar is free to all interested companies and individuals. It is scheduled to last 60 minutes and includes time for questions from participants.
What You’ll Learn:
- An overview of U.S. export regulations.
- Strategies for complying with these regulations.
- How most violations are reported to BIS.
- What to do if you discover that your company has committed export violations.
May 18: Do Your Products Require An Export License?
Depending on what, where and to whom you are shipping your company’s products, U.S. export regulations may require that you apply for and receive an export license before you can legally ship the goods.
Tuesday, May 18, beginning at 1:00 pm EDT | 12:00 pm CDT | 11:00 am MDT | 10:00 am PDT
While most goods don’t require a license, it is your company’s responsibility to make that determination or potentially face monetary penalties, prohibitions on exporting, or even jail time.
Join Brent Webster, Export Controls Counselor at the Bureau of Industry and Security, as he outlines the procedures you must follow to determine if your goods require an export license and the procedures you need to follow if they do. The webinar is free to all interested companies and individuals. It is scheduled to last 90 minutes and includes time for questions from participants.
What You’ll Learn:
- Which U.S. agency has jurisdiction over your products.
- How to properly classify your products under the Export Administration Regulations.
- How to use that classification to determine if you need an export license.
- Export license exceptions.
- How to apply for an export license.
May 25: Foreign Corrupt Practices Act: What You Need To Know
You’ve certainly heard of bribes and corruption occurring in the business of international trade, but do you really know the definition of bribery or in how many forms it can come?
Tuesday, May 25, beginning at 1:00 pm EDT | 12:00 pm CDT | 11:00 am MDT | 10:00 am PDT
The Foreign Corrupt Practices Act (FCPA) was enacted in the United States in 1977 in response to widespread bribery of foreign officials by U.S. companies. Beyond bribery, it also sets guidelines for what appropriate recordkeeping and accounting practices, as well as guidelines for maintaining strong internal controls and compliance.
The U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) both have enforcement jurisdiction for the FCPA, and they take this job pretty seriously. From 1977 to present, people who have criminally violated the FCPA have been sentenced to an average of 29 months in prison, and the severity of punishment is on the rise. The largest fine doled out by DOJ was more than $2.6 billion dollars in 2016.
With so much on the line, you really can’t afford not to be aware of the FCPA.
An effective compliance program integrates anti-corruption provisions into all aspects of your company. This webinar will help you understand the basics of the FCPA and how to make sure your company is compliant.
Your instructor, Bailey E. Reichelt, is a U.S. based international trade attorney specializing in regulatory compliance of emerging companies in the aerospace and tech industries. Her expertise includes export controls, anti-corruption laws, foreign direct investment, and defense specific compliance. Other expertise includes corporate structure, U.S. government contracting, and international contracting.
What You’ll Learn:
- Who the FCPA applies to and when.
- The definition of bribery.
- Biggest everyday risks for FCPA violations.
- Recommended best practices.
- Penalties and mitigating factors.
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