Compliance, Corruption and export control Flashcards
1
Q
What is compliance?
A
“Compliance in business isadherence to all local, state and federal jurisdictions that govern your operations”.
2
Q
Interest parties in compliance?
A
- Media
- Authorities
- Employees
- Buyers
- Investors
- Creditors
3
Q
What kind of compliance do we have?
A
- Corruption
- Money laundry
- Human rights
- Work environment
- Competition law
- Tax rules
4
Q
The three trends?
A
ESG (Environment, Social & Governance)
Human rights responsibility
Pressure on the middleman
5
Q
The three categories in corruption
A
- Bribery
- Influence trading
- Smearing
6
Q
What are Export Controls?
A
Regulations that control distribution of certain exports to foreign nationals and foreign countries
You also need license
7
Q
What is a “Deemed” Export?
A
The transfer, release or disclosure of Technical Data or Technology to a foreign national within the country in question
8
Q
Why is export control important?
A
- Protect the national security
- Prevent spread of weapons and other illegal items or substances.
