New York, NY, January 11, 2017 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Heidi Mustonen, Managing Director, KPMG LLP will speak at the Knowledge Group’s webcast entitled: “US Export Controls: The Impact of ITAR Regulations to Your Industry & Your Business.” This event is scheduled for January 11, 2017 from 3:00 PM to 5:00 PM (ET).
For further details, please visit: https://www.theknowledgegroup.org/itar-2
About Heidi Mustonen
Heidi has been with the KPMG family of firms since 2005 and has worked on trade compliance matters in the US and EU firms. As a member of the Trade & Customs practice, Heidi has worked on a variety of engagements in nearly every industry assisting client’s to strengthen their internal compliance programs, with a specific focus on export compliance and companies under Consent Agreements. In addition to her extensive work with clients, Heidi also leads KPMG’s overall export efforts supporting the Aerospace Industry Association as a co-author of the aerospace and defense industry export control standards.
About KPMG LLP
KPMG LLP provides assurance, tax, and financial advisory services. The firm offers accounting, auditing, internal audit, regulatory and compliance, corporate recovery, forensic accounting, and risk management services. It also provides transaction advisory services such as due diligence, target risk assessment, acquisition accounting and tax advisory, and divestiture accounting. KPMG’s Trade and Customs practice’s dedicated professionals in over 10 cities in the U.S., and over 350 professionals globally serve multinational companies with their export risk management and improvement through internal audit services, export strategic planning, process development, and export management technology implementation.
One of the two main export controls that US aerospace & defense businesses encounter when exporting is the International Traffic in Arms Regulations (ITAR). Administered by the US Department of State – Directorate of Defense Trade Controls (DDTC), ITAR regulates the import and export of defense related items and services listed on the US Munitions List. Earlier in 2016, the DDTC issued an interim final rule that amends ITAR. The modifications include an update to the definitions of "export" and "re-export or retransfer", new definitions of "release" and "retransfer", new sections of the ITAR detailing the scope of licenses and unauthorized releases of controlled information, and revision on the measures on "exports" of technical data to US person abroad.
The ITAR have significant implications to international sales strategy of aerospace and defense businesses. Although compliance seems daunting, ITAR can be navigated easily with good understanding of the regulations and appropriate assistance from export compliance professionals.
In this two-hour live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss how ITAR impacts the aerospace and defense industry. They will also offer best practices to ensure ITAR compliance.
Some of the major topics that will be covered in this course are:
- Introduction to ITAR
- Export Control Reform
- Impact to Businesses
- Common Mistakes Businesses Make
- Penalties and Enforcement Trends
- Best Compliance Practices
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/