In February 2021, KPMG engaged export and sanctions professionals at multinational firms to gather their input on a variety of business-critical issues.
Spanning a broad range of companies in terms of size and industry, the survey focused on understanding how export controls and sanctions programs are organized, the most relevant global regulations with which they must comply, the regions/countries they export from and to, and their primary exports, among other items.
The objective of this survey is to provide insight into the export controls and sanctions landscape and an analysis of the state of compliance programs across industries, from regulations and audit to training and technology.
Through these results we hope to help companies maximize the effectiveness of existing export controls and sanctions compliance programs by getting a better handle on their current and future risks, identifying program gaps, setting a benchmark against their peers, and charting a path forward.
Are companies prepared for a complex future?
What did we learn about our respondents?
Transactions in North America, the EU and Asia Pacific are driving export activity. This means that compliance professionals are managing multiple export regimes—and we anticipate that regulations in these jurisdictions will be tightening.
Almost 90% of respondents say there is a person or team at their organization specifically dedicated to managing export controls and sanctions compliance.
About 40% say they don’t perform regular audits of their export controls and sanctions program, or don’t know, if they do.
25% don’t have, or don’t know if they have, a documented export controls or sanction program with formal policies, processes and procedures.
Almost 80% use an automated solution to conduct restricted party screening.