Trending Video: International Trade Developments (Video)

Transcript: 

Companies with international operations face a complex array of laws and regulations, including:

• Economic sanctions regulations, which generally restrict the ability to do business with certain countries, entities, and individuals;
• Export control regulations, which generally restrict the ability to deal in and ship certain items and information: and
• Import laws and regulations, which regulate the entry of goods into the United States.

Companies need to ensure that they have appropriate policies and procedures to address these various international trade regimes. Companies that focus their compliance programs on only one area of international risk do so at their own peril.