Audit Committee Overview
Our approach to Trade Controls
BAE SYSTEMS
•
Clear management commitment to trade controls compliance through Export Control Policy
•
•
•
•
A comprehensive set of Trade Controls procedures and internal controls designed to ensure compliance
with all applicable export controls and sanctions (including financial sanctions and embargos)
Additional business policies and procedures to assess country risk before we pursue export
opportunities
Supporting tools and guidance, including trade control screening software and guidance to support the
business with risk assessments
Mandatory third party screening of all counterparties including suppliers, contractors, joint venture
partners, customers and job applicants
Flow down of trade control requirements to supply chain through standard terms and conditions
Mandatory export control training on induction and at regular intervals depending on seniority or job
role
Rolling self-assurance testing of our trade control compliance processes and annual programme of
specific trade control audits
Copyright 2020 BAE Systems. All Rights Reserved. BAE SYSTEMS is a registered trademark.
45
45View entire presentation