As an exporter of goods, we have an obligation to monitor every transaction including what is being exported, where it is going, who is the customer and what will the item be used for.
Our compliance training ensures employees understand their due diligence obligations when exporting, particularly when trading with an intermediary rather than the direct end-user. Our export pre-clearance and clearance procedure is available to all employees via ERIKS’ intranet.
In 2019, we trained 812 employees in trade compliance, exceeding our target of 562. The training was delivered using both eLearning modules and classroom training courses for management.
Before an export order to a new customer is cleared, we perform a third-party check in our Compliance Link system that checks if a person, company or destination is on a sanctions list. As the status of existing customers may change, there is also a day after screening. In 2019, we screened over 216,000 third parties, such as suppliers, customers or distributor.