Comprehensive Controlled Goods Data for Effective Compliance
Leverage up-to-date controlled goods regulatory data to seamlessly manage export controls.
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Manage Trade Compliance Risk Involving Dual-Use and Controlled Goods
Navigate complex trade compliance regulations and avoid unintentional violations of trade restrictions by easily identifying Controlled Goods transactions.
In an increasingly complex global trade environment, organizations face the critical challenge of adhering to stringent trade regulations and sanctions. Trade screening can face significant hurdles, including the complexity of controlled goods lists and the need for accurate classification.
Understanding, and staying up-to-date with controlled and dual-use goods is essential for compliance professionals, as the consequences of non-compliance can be severe. Organizations may face hefty fines, legal repercussions, and damage to their reputation if they inadvertently engage in transactions involving these items, particularly with sanctioned or high-risk jurisdictions.
Understanding, and staying up-to-date with controlled and dual-use goods is essential for compliance professionals, as the consequences of non-compliance can be severe. Organizations may face hefty fines, legal repercussions, and damage to their reputation if they inadvertently engage in transactions involving these items, particularly with sanctioned or high-risk jurisdictions.
What are Controlled Goods?
Controlled goods refer to products and technologies that are primarily intended for civilian use but may also have military applications. These goods are regulated under various frameworks, including the Export Administration Regulations (EAR) and the International Traffic in Arms Regulations (ITAR). Dual-use goods, specifically, are items that can be used for both civilian and military purposes, such as advanced electronics or specialized materials like tungsten.
Introducing LexisNexis® Controlled Goods Data
LexisNexis® Controlled Goods Data is a comprehensive database of dual-use and controlled goods data, tailored to assist organizations navigate the complexities of ever-evolving trade regulation and compliance. Enabling you to manage your compliance processes efficiently while minimizing the risk of inadvertently violating trade restrictions.Controlled Goods Data alleviates these regulatory challenges by providing a comprehensive data file that integrates with your existing systems:
- Extensive Coverage: Accurately screen dual-use and controlled goods from 46 sources, provided in an easy-to-use JSON format
- Always up-to-date: Ensure you’re screening against the latest changes in controlled good regulations and classification with daily updates
- Manage Unauthorized Shipments: Identify and prevent the unintentional shipping of controlled items to sanctioned and high-risk jurisdictions, ensuring your operations remain compliant and protected from reputational harm
- Trade Finance Support: Screen all related fields associated with trade finance transactions to minimize risk of sanctions violations
- Affordable Access to Critical Compliance Data: Meet your compliance needs without straining your budget
Protect your business from trade compliance pitfalls—get in touch with us to learn how our LexisNexis® Controlled Goods Data can enhance your trade compliance process.
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