The Penalty : On February 19, 2014, Intevac, Inc. consented to a civil penalty of $115,000 and actively cooperated with the ensuing investigation.
With our extensive expertise in risk mitigation, we recognize the critical role of export compliance in global trade. Our program is meticulously crafted to shield your business from potential risks and ensure strict adherence to regulatory requirements.
Our approach is a collaborative one, starting with a comprehensive risk assessment led by our designated compliance officers and senior management. We then join forces with your team to foster a culture of compliance commitment and provide extensive training to enhance awareness across your organization.
Prior to any transactions, conducting risk assessments is a crucial step in identifying preventable risks that could potentially harm your reputation and business. Our program is designed to help you spot and mitigate risks early on, thereby saving you valuable time and resources in the long run.
By choosing to partner with Pheonix Global, you not only demonstrate a commitment to regulatory compliance but also protect your business from financial, legal, and reputational repercussions. Don't wait until it's too late – invest in our export compliance program today to secure the future of your business interests.
Phoenix Global Can help you create an Effective Compliance Program to avoid for falling to these costly mistakes.
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