A
Regulators and licensing officers to examine and classify any product + helping decide if the item requires an export license, and if so, whether based on national control list or drawn from multilateral regimes+ and makes the licensing determination faster and more accurate.
B
Companies to use safe-zone while selecting major components and technologies during the design phase, to ensure that the final product does not have any licensable items if it is being designed exclusively for a civilian end use. This avoids adverse license ruling, as well as expensive and time-consuming work by companies to redesign a product and re submit for license determination by the authorities.
c
Companies to classify their products and components Vs all the international regimes and local regulations such as ITAR, EAR, EU-LIST, MTCR, Wassenaar, AG, CWC, NPT and more – including classifying their suppliers and subsidiaries with the relevant regulation in the source country, in the transshipment countries and at the final end-user country
D
Enforcement units to execute a wide variety of computed enforcement procedures that facilitate effective, efficient and targeted enforcement.
E
Banks+ to examine the relevant international transaction in accordance with their responsibility stemming from the mandate of the UN Security Council’s Resolution 1540 which includes all financial institutions amongst “brokers and facilitators” and stipulates that they ascertain that the product involved in the transaction is not subject to any WMD related prohibition or restriction.
F
Government authorities inspecting operations of banks and NBFCs (non-banking financial institutions)+ to conduct product and customer screening on suspect transactions + for anti-money laundering and proliferation prevention purposes.
