Legal and consulting practices are increasingly adding foreign trade compliance services to their portfolios. Few companies today are without foreign trade transactions, and many have or want to increase their access to global markets. The area is ripe with opportunities including:
- Export license applications, license amendments and transfers, special license and exception requirements
- Regulatory compliance in corporate reorganizations, mergers & acquisititons, asset purchases, and strategic alliances involving materials, technology, and manufacturing process sharing
- Internal investigations, voluntary disclosure, negotiation of settlements, and litigation
- ITAR registrations, notifications, brokering, and Part 130 reporting
- Encryption and technology transfers, and software export/re-export rules including de minimum software and technology filings to the Commerce Department
- Assistance with commercial flow-down export requirements in contractor-subcontractor and OEM-supplier relationships
- Compliance policies, procedures and training
Performing due diligence on M&A candidates
Law firms often participate in client mergers and acquisitions as a way to expand their practice and stay competitive. In addition to helping structure the transaction, additional service offerings can include performing due diligence prior to the transaction. Thereby helping clients to better:
- Evaluate the quality of earnings
- Determine if appropriate accounting and compliance systems and controls are in place, and operating effectively
- Identify potential tax and compliance exposures or opportunities
Knowledge management
In the information-intensive world of law and consulting firms, knowledge management provides a competitive advantage. Access to both current and historical information in areas of rapid change is a cornerstone of the value-add legal and consulting firms offer their clients, and with superior access come sustainable improvements in talent productivity, a cornerstone of costs and business growth.
Structuring global expansions or acquisitions
For firms seeking to expand their global presence and serve an increasing number of international clients, local experience is said to be critical to working overseas. However, for export and financial controls, U.S. expertise serves as a very robust model with its origin re-export frameworks, dual export control classification regimes, and vigorous restricted, denied, blocked and embargoed entity and country screening mandates.
With a solid practice in and access to U.S. export control statutes, regulations, content and screening technologies firms have a valuable global asset on which to build.
How we can Help
Visual Compliance provides robust, cost-effective automation solutions and regulatory content to manage all aspects of foreign trade and export control compliance. With over 30 years of experience helping companies easily gain control and visibility over their compliance issues and processes, our solutions are relied on by more than 4,000 companies at home, and abroad to:
- Conduct Restricted and Excluded Party and Specially Designated Nationals screening
- Research current Federal Export Control Regulations and Sanctions
- Determine ECCN classifications and USML categories, and exemption, exception, exclusion or licensing requirements
- Automate compliant recording of researcher certifications and controlled/licensed activities
- Access documentation and audit trails for internal and government due diligence protection
For more information, call toll-free 1-877-328-7866 and talk to one of our foreign trade compliance consultants. They'll help you analyze your requirements, evaluate your options, and provide focused demonstrations.
Or send an email.
