How have U.S. high-tech companies adapted to the new export controls
U.S. high-tech companies have adapted to new export controls through a combination of strategic reconfigurations, enhanced compliance measures, and technological innovations. Here’s a detailed overview of their adaptations:
Companies are now required to conduct thorough assessments of end-users and end-uses, ensuring that sensitive technologies are not indirectly supplied to entities of concern. This involves revisiting due diligence procedures and implementing automated screening tools to cross-reference multiple databases for restrictions.
Regular training sessions have become essential for all employees involved in the export process. These sessions cover the latest regulations, red flags, and non-compliance consequences, ensuring that compliance is not limited to specialized teams but is a company-wide responsibility.
Firms are leveraging AI-driven tools and machine learning technologies to monitor and track transactions involving controlled goods and technologies. These advancements …