Part 1: Before the Paperwork Introduction It’s no secret that the Aerospace and Defense Industry is rife with mergers, acquisitions, and divestitures (MA&D) between large primes, smaller contractors, and start-ups. As a business strategy, these dynamic restructurings within aerospace and defense sparks greater technological innovation and better control of supply chains. Similarly, strategic shifts through… Read More
Every trade compliance department has gaps. Usually unintentional, these gaps can cause inadvertent violations of U.S. Government federal regulations such as the International Traffic in Arms Regulations (ITAR), Export Administration Regulations (EAR), Foreign Trade Regulations (FTR), or Office of Foreign Assets Control (OFAC) Regulations, among others. A healthy trade compliance department is aware of the potential for gaps in compliance and conducts regular audits and assessments to… Read More
When the Foreign Assistance Act (FAA) of 1961 was passed, it included Section 502B(a)(1) asserting that a principal goal of U.S. foreign policy “shall be to promote the increased observance of internationally recognized human rights by all countries.”[1] Further, Section 502B(a)(2) confirms that absent the exercise of a presidential certification of, “extraordinary circumstances,” no security… Read More