Why Seek EU Export Compliance ?
EU-ECF Framework provides innovative solutions to the most critical challenges in a global marketplace becoming a very complex arena for businesses to navigate.
In a globally integrated world, efficient export compliance is only possible with co- operation at an European and international level.
The EU Governments rely on the due compliance of exporters to help ensure that all laws are abided.
Compliance assessment is defined as a “demonstration that specified requirements relating to a product, process, system, person or body are fulfilled.” There are many of these compliance assessment activities applied in today’s world including accreditation, certification, inspection, registration, supplier’s declaration, and testing.
The one dimension we deal here is EU Export Compliance Certification.
Increasingly, suppliers’ procurement organizations are specifying and government agencies are recognizing accredited, third-party certification as an optional dimension of their systems for risk management.
In the rapidly growing complex area of EU export laws, EIFEC verification, validation and certification bodies have recognition of the EU Export Compliance programs for Organizations and individuals.
Undergoing the EU Export Compliance Certification process signals a clear indication that an organization desires to have a competitive advantage by undergoing a voluntary verification.
- Encourages marketplace confidence in EU Certified Export Compliant Organization (EU-C/ECO) by their undergoing regular impartial and independent audits by an internationally respected body.
- Positively influences National States and Financial Institutions satisfaction with EU-C/ECO via Export Compliance commitment, EU laws awareness and enhanced communication.
- Reduces liability insurance and mitigate legal responsability of Organizations by the accountability and transparent aspects of the process.
- Sustains continual improvement for the EU-C/ECO and their clients through the assessment of system effectiveness, efficiency and competence
- Promotes consistency and demonstrates equivalence of assessments via mutual recognition based on peer review
- Reduces multiple audits and removes barriers to trade in working towards the goal of “certified once – accepted everywhere.”
Export Compliance can be a formidable challenge, but it is also an opportunity to establish and promote operational excellence throughout the organization and significantly improve the overall performance of operation.
Export Compliance is an important mechanism that supports effective governance.
Compliance with regulatory requirements and their organization’s policies are a key component for effective management of risks.
Qualified third party Verification of processes and methods adopted by Organizations are one of the most important ways to maintain the “healthy” ethics, to support the long-term prosperity and to preserve and promote the organization values, avoiding any potential criminal prosecution.
The EU-C/ECO Certification, according to the principle of the EU-CEC Code, EU- EC/Guidelines and methodologies of Audit and Inspection international organizations generates:
- Internal commitment
- Third party management audits
- Strong effect of external credibility
- Assurance and validation
- Credible foundation
Glossary
EU Export Compliance Certification: Glossary
Accountability | Principle of acknowledging, assuming responsibility for and being transparent about the impacts of their policies, decisions, actions, products and associated performance. |
Bodies | Alternative term for Organisation. |
Consistency | Principle of having coherent behaviour with policies and statements. The behaviour must be regular and constant. |
Effectiveness | Principle of using all available means with highest efficacy to pursue the goals to highest degree. |
EIFEC | Is the acronym for the European Institute for Export Compliance. |
EIFEC Number ERN | Is the ID number of a Certified Organization (EU-C/ECO) attributed for the purpose of identifying Organizations or persons in order to ensure their traceability on an EU level. |
EIFEC Standards | Are principles-based standards providing frameworks to help organisations become compliant. They address issues affecting governance, export models and organisational strategy, as well as providing operational guidance on export management and stakeholder engagement. |
EU | Is the acronym for European Union. |
EU Directive | Is a legislative act of the European Union which requires member states to accomplish a specific result without commanding the methods of attaining that result. |
EU Regulation | Is a legislative act of the European Union that becomes immediately enforceable as law in all member states at the same time. |
EU-CEC | Is the acronym for European Code of Export Compliance. |
EU-C/ECO | Is the acronym for European Export Compliant Organization. Certification issued to Organizations or Individuals that have succefully past the Verification/ Certification process becoming a Charter member. Categories are EU-C/ECO for Organizations, EU-EC/ECOP for individuals; EU-C/ECOF for Compliance Officer. |
EU-ECAP | A set of formal written policies and procedures - an Export Management and Compliance Program - that provides sufficient safeguards at each key step in the supply chain management to guard against sales of sensitive or dual-use technology to unauthorised parties or for unauthorised activities. |
EU-ECGL | Is the acronym for EU Guidelines prepared, based on the EU-CEC and EIFEC EC1001 Standards. |
EU-ECR | Is the EU Export Compliance Register for all Organisation and self-employed individuals engaged in EU import/export. |
Export Compliance | Export Compliance provides support in compliance risk management, i.e. the risk of legal or administrative sanctions, financial losses or reputation deterioration for failing to comply with laws, regulations and legislation, codes of conduct and good practice (“laws, regulations and rules”). Export Compliance is inclusive of all activities or import and export of goods and/or services, tangible and intangible assets (including the transfer of means of payment, that somehow are subject to regulations tied to transactions between two different states/jurisdictions. |
Organizations | All bodies, companies of any nature, associations, both public and private undertakings which have activities of export or import and falling within the scope of the EU-CEC Code. |
Transparency | Principle of being transparent according to EU frameworks. |
Unicuique suum Principle | This principle requires that all measures are appropriate to the uniquely- specific organisations size and requirements. (Appropriateness) |