Trade compliance is an issue that has become extremely important. European and national taxes and duties must be strictly adhered to. Import requirements and quotas for import and export must also be observed. All trade connections and deliveries must be clarified with the current embargo and sanction lists. Certain chemical and technical products are also subject to precautionary measures relating to the War Weapons Control Act. The Money Laundering Act and product liability issues also exacerbate liability risks through the actions of third parties.
A legal recommendation
Numerous legal provisions contain specific requirements for companies to carry out export controls. Current case law and federal authorities therefore expressly recommend that companies set up a comprehensive export control compliance organization. In addition, there are criminal law risks of liability: even a negligent violation of concrete prohibitions, missing permits or violations of embargo, sanction or goods lists leads to liability and high fines!