New risk compliance matrices have been released, one for businesses and one for universities, to help them comply with the International Traffic in Arms Regulations (ITAR) by the State Department’s Directorate of Defense Trade Controls (DDTC). The matrices are guidance for exporters, manufacturers, researchers, and academics to use as an assessment of their ITAR export control risks.
The objective is that once organizations conduct an ITAR risk assessment they should “use that data to create an effective and tailored ITAR compliance program and allocate resources as appropriate to prioritize and mitigate those risks,” stated the DDTC.
If you have any questions regarding ITAR, please contact Mohawk Global Trade Advisors.
By Clarissa Chiclana