Today's post is courtesy of Nathan from GTM Best Practices Blog:
When most people think of export compliance, images of large multinational corporations come to mind. Universities are in the business of education and they don’t sell products, so why would a university need export compliance procedures?
Since 9/11, the U.S. government has become increasingly concerned with foreign nationals on student visas gaining access through research grants to sensitive information and technology. Because of increased scrutiny, one incentive is the cost of non-compliance.
Penalties range from 5 to 10 years imprisonment and fines of $250,000 to $1,000,000. Additional costs include loss of contracts, grants, employees and other collaborative efforts.
Some of the recent violations include:
- Professor convicted for allowing unauthorized foreign citizens access to restricted technology in violation of the Arms Export Control Act
- University fined for financial dealings with Iran and Cuba
- Universities cited for failure to obtain licenses for access by foreign nationals to military technology
- University involved in unauthorized export of biological materials
For more information about University Export Compliance, I recommend:
- Academic Export Compliance
- More posts from this blog following academic trade compliance violations
- Restricted Party Screening Solutions
- Export Compliance On-Demand Solutions
- White Paper: 6 Best Practices for Improving Compliance with a Restricted Party Screening Solution
