QinetiQ’s commitment to international trade compliance
QinetiQ Group plc and its subsidiaries (‘QinetiQ’) are subject to national and international export control legislation of the various countries in, and with which we transact.
In addition QinetiQ is subject to US Controls; the International Traffic in Arms Regulations (ITAR), administered by US Department of State, Directorate of Defense Trade Controls (DDTC) and Export Administration Regulations (EAR), administered by the US Department of Commerce, Bureau of Industry and Security (US BIS), as well as controls regarding embargoes and sanctions imposed under various legal authorities administered by the UN, national governments and USA.
QinetiQ's commercial success depends on our ability to conduct business around the world, so must be vigilant in complying with all applicable import and export control laws and regulations, including embargos, sanctions and anti-boycott rules.
It is incumbent on QinetiQ that it grows its overseas business in a way which is both compliant with relevant legislation and reflective of best industry practice and to do business in an ethical and responsible way.
Failure to comply could adversely affect national and international interests and potentially subject the company and individuals to serious penalties and reputational damage.
It is each employee's responsibility to understand any sanction and import/export control requirements related to his or her work and to ensure that none are made contrary to those requirements (seeking advice from the local International Trade Compliance Team where necessary).
QinetiQ has established Group procedures and local instructions and resources to support employees in complying with relevant laws and regulations published on the Operating Framework.
Within QinetiQ, the local International Trade Compliance Team are responsible for ensuring 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 import or export control considerations, and that all procedures are followed to ensure that imports and exports are compliant with relevant legislation.
The team will provide guidance and advice on all matters related to trade controls to facilitate opportunities in a compliant and efficient manner, maintain and manage necessary audit records and identify risk plus the necessary actions to mitigate them.