Forensics Today: Mitigating fraud risk in nonprofits
Nonprofits are especially vulnerable to fraud because they typically operate in high-trust environments with less oversight. Learn how organizations can adapt in PwC’s “Forensics Today” series.
Export Controls and Sanctions
Managing risks and increasing opportunities in a fast changing regulatory environment
Exporting is a privilege, not a right – and because export controls are rooted in policy and security considerations, exporting comes with significant compliance obligations that are non-negotiable. When managed correctly and proactively, trade compliance can also be an opportunity - a business enabler supporting organizational growth and table stakes for constructive engagement with policy.
National security, economic policy, and trade compliance have never been more intertwined than they are today. Geopolitical issues have come to define trade compliance priorities through regulations and agency expectations.
We’ll help you understand the drivers of the regulations and anticipate what might come next. We’ll help you get your trade compliance program in order so you’re seen as a trusted and credible organization who has earned a seat at the table and can work with policymakers and regulators to help inform the policy dialogue.
- Assess
- Build
- Operate
- Meet Compliance Challenges
Assess
Our assessments are tailored to your specific needs and can help you accomplish multiple goals including identifying compliance gaps and opportunities for enhancement.
- Gap assessments and “health checks” that look across a company’s trade compliance program or more focused assessments analyzing high risk transactions, specific program areas or readiness for new regulatory requirements
- Policy and procedure reviews including drafting procedures, work instructions and compliance manuals
- Providing subject matter knowledge for Internal Audit assessments that can run the gamut from designing a workplan to providing co-source to execute an Internal Audit
- Merger and acquisition operational due diligence focusing on identifying issues with successor liability implications, developing Day One roadmaps and planning post-close integration activities
- Government-directed compliance program audits required by export enforcement actions including Consent Agreements/Settlement Agreements and foreign acquisitions of U.S. assets subject to review by the Committee on Foreign Investment in the United States.
If you’re undergoing an enforcement action or a divestiture, we’ll do a full assessment of your trade compliance program to identify gaps and recommend actions to solidify your program. We also support internal audit teams, acting as subject matter specialists to design the audit, lead the interviews and perform the testing.
How we can help
Our clients don’t come to us for a cookie cutter approach. They know that our value comes from meeting our clients where they’re at and moving them forward to something better with novel approaches customized to each client. We can look at trade compliance with an experienced eye to see the nuances of each unique situation that helps us predict where you should focus your integration efforts. We can help you:
- Align with government objectives
- Reduce potential business disruptions
- Anticipate policy changes resulting from geopolitical events and regulatory developments
- Integrate trade compliance functions across business areas
- Reduce uncertainty, enhance operations, and enable strategic development
- Grow in a changing macro-economic landscape
Explore further
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Explore our global trade services
Global trade landscape uncertainties, such as changes to international customs policies, bring challenges and opportunity to the business environment.
Anti-money laundering and sanctions
PwC helps clients implement the integrated, risk-based, and cost-effective AML programs that companies are increasingly seeking.
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