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Trade-Compliance

This e-learning closes important knowledge gaps: International trade is often more strongly regulated by law than most companies are aware of.

You learn:
  • Compliance risks in international trade, purchasing and sales
  • Countries in which special risks exist
  • What are the liability risks?
  • Development of an export control compliance organization
  • Compliance for import and export
  • Introduction to the most important directives and standards

Increasing importance of trade compliance

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!


Course modules

Modules background
The importance of international regulation
The importance of international regulation

Countries and markets with particular risks of corruption
Countries and markets with particular risks of corruption

Compliance Risks in Purchasing and Sales
Compliance Risks in Purchasing and Sales

Guidelines for import and export
Guidelines for import and export

Export Agent
Export Agent

Development of an export control compliance organization
Development of an export control compliance organization

Embargo and sanction provisions
Embargo and sanction provisions

Introduction to the most important directives and standards
Introduction to the most important directives and standards

Course modules

Trade Compliance ist heute unabdingbar. Manche Unternehmen haben weder eine Exportkontroll-Organisation aufgebaut, noch verfügen Sie über ein wirksames Genehmigungsmanagement oder ein Vieraugenprinzip. Unternehmen, die ein entsprechendes Know-how über die maßgeblichen Gesetze und Vorschriften aufbauen und funktionierende Prozesse der Trade Compliance vorweisen, sind wesentlich stärker gegen böse Überraschungen im internationalen Handelsgeschäft geschützt und können einer Haftung entgehen.
Dr. Bernhard Bachmann

Technical Information

FormatHTML5 & SCORM
Available inIn your LMS or in our Online Academy
LanguageEnglish, German
Course Duration40 Minutes
DeviceDesktop, Tablet, Smartphone

FAQ

What are the central topics of trade compliance?

This module gives you an overview of the most important trade compliance topics: 

  • The importance of international regulation 
  • Countries and markets with particular risks of corruption 
  • Compliance Risks in Purchasing and Sales 
  • Guidelines for import and export 
  • Development of an export control compliance organization 
  • Embargo and sanction provisions 
  • Introduction to the most important directives and standards: - Exports and export regulations - Import quotas, import regulations 
  • Money laundering and terrorist financing 
  • War Weapons Control Act, Chemical Weapons Convention 
  • Product liability, product piracy 
  • Own compliance requirements (e.g. CSR, Fair Trade) 
  • Possible liability for the actions of third parties (3rd party compliance)

Why is the importance of trade compliance increasing?

Companies today are more challenged than in the past to build up appropriate know-how about the relevant laws and regulations and to prove that compliance systems are functioning. Corresponding internal compliance guidelines must be drawn up and trained. The monitoring of compliance with these regulations must also be organized. Accordingly, Trade Compliance takes care of the appropriate supervision and the performance of appropriate due diligence audits.

And what if I only sell in my home country?

Hardly any company today can do without international suppliers or trade channels. Administrative offences have happened quickly here. The scope of possible criminal offences naturally extends beyond German territory. You can sue American or British companies for your actions, for example in Africa or Asia. Trade Compliance therefore deals with all processes of risk analysis, the establishment of an export organization and the processes of monitoring and controlling compliance with the regulations for the entire company, but also for suppliers and also for the actions of your customers. Therefore, there are also interfaces to 3rd party compliance.

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