EU Code
EU Export Compliance: Introduction
The European Code of Export Compliance (EU-CEC) aims to encourage the dissemination of best practices and principles in Export Compliance Management as defined in the EU-Export Compliance Framework (EU-ECF) with all EU and non EU actors involved in import / export of goods and services.
This Code describes the guiding principles and practices to promote an European culture of compliance with the rules and laws (Compliance) within the financial, economic, industrial, associative system of private and public sectors.
EIFEC aim to contribute by all appropriate steps to disseminate among the Organizations behaviours of excellence through proper management, transparency and audit of the activities performed in the production and transfer of goods and services.
Glossary
European Code for Export Compliance: 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) |