SUNNYVALE, Calif.--(BUSINESS WIRE)--Agiliance®, Inc., the leading independent provider of Integrated Risk Management solutions for Governance and Security programs, today announced the release of two Agiliance Content Packs built around the United States export control laws, International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR). The Agiliance ITAR and EAR 2013 Content Packs provide U.S. organizations and government agencies with a productized checklist of legal and business pre-requisites that must be considered when planning the sale of products, services, or licensing of technology to a foreign entity.
“For customers that are required to satisfy the ITAR and EAR requirements, the new Agiliance RiskVision content packs automate the process of determining their compliance score”
ITAR and EAR U.S. export control laws govern most industries that are in the business of manufacturing, selling, and distributing technology. ITAR contains the United States Munitions List (USML) of restricted articles and services, whereas EAR consists of a Commerce Control List of regulated commercial items, including military and commercial. Ensuring compliance with both of these regulations is both a painstaking task and financial imperative for global organizations. Failure to comply with EAR and ITAR can result in civil fines up to $250,000 and $500,000 per violation, respectively, and criminal fines up to $1 million and 10 to 20 years of imprisonment per violation. Any U.S. company planning the sale of products, services, or licensing of technology to a foreign entity through direct commercial sale must be compliant with ITAR and EAR.
The Agiliance ITAR and EAR Content Packs for the Agiliance RiskVision™ platform provide organizations and government agencies a streamlined process to check their governance risk posture relating to the export and re-export of defense-related articles and services on the USML.
“For customers that are required to satisfy the ITAR and EAR requirements, the new Agiliance RiskVision content packs automate the process of determining their compliance score,” said Torsten George, vice president of worldwide marketing and products at Agiliance. “This packaged intelligence enables companies to quickly assess and remediate compliance gaps to avoid the penalties and business disruption associated with ITAR and EAR violations.”
The Agiliance ITAR and EAR Content Packs are available immediately from Agiliance and its business partners worldwide.
Agiliance is the leading independent provider of Integrated Risk Management solutions for Governance and Security programs. Agiliance RiskVision is automating how Global 2000 companies and government agencies achieve continuous monitoring of big data across financial, operations, and IT domains to orchestrate incident, threat, and vulnerability actions in real time. Agiliance RiskVision customers demonstrate automation use cases within 30 days on-demand, and within 60 days on-premise, made possible by a configurable platform and applications, broad library of technology integrations, and vast domain and regulatory content. Agiliance RiskVision scales with businesses, effectively managing assets, data, people, and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions. For more information, please visit www.agiliance.com.