QinetiQ commitment to international trade compliance
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It is incumbent on QinetiQ Group plc and its subsidiaries ("QinetiQ") that it grows its overseas business in a way which is both compliant with relevant legislation and reflective of best industry practice.
QinetiQ's commercial success depends on its ability to conduct business in both UK and overseas territories, transacting with foreign organisations including governments and commercial organisations in a legally compliant manner. It understands that governments aim to control the international movement of certain strategic items according to their laws and regulations.
QinetiQ is subject to relevant legislation of the various countries in, and with which it transacts, including (but not limited to):
- UK - Export Control Act of 2002, administered by UK BIS.
- USA - Arms Export Control Act (AECA) and the International Traffic in Arms Regulations (ITAR), administered by US DOS, Directorate of Defense Trade Controls ("DDTC").
It is QinetiQ policy to comply with all applicable import and export control laws and regulations. It is each employee’s responsibility to understand any import and export control requirements related to his or her work and to ensure that no imports or exports are made contrary to those requirements. QinetiQ has established procedures, instructions and resources to support employees in complying with relevant laws and regulations. QinetiQ will ensure that, no item is imported or exported without first determining if a licence is required, a review is made on all proposals, contracts, deliverables, shipments, and transfers with possible import or export control issues, and that all procedures are followed to ensure that imports and exports are compliant with relevant laws.
Within QinetiQ, Head of Commercial (Trade Solutions), reporting to QinetiQ Chief Finance Officer, is responsible for ensuring compliance with applicable export control regulations. The relevant mandatory policy statement, procedures, and practices are published on QinetiQ’s Operating Framework.
Failure to comply could adversely affect national and international interests and potentially subject the company and individuals to serious penalties and reputational damage.