FAQ - Risk Assessment

1. Why do I need a Risk Assessment?

Businesses need to be aware of the risks and dangers of various export control scenarios. It is essential that you look out for the key warning signs that can appear anywhere in the business process – from the initial offer to final delivery – and recognize the indicators of suspicious inquiries, bids, or customers. The goal for any exporter is to identify preventable risks it may face and then build safeguards to control for these risks.

---

2.  What is RespectUs providing for my risk assessment?

RespectUs Risk Assessment module is a risk assessment tool, whose outcome will be plotted in a risk matrix, reflecting an organization’s performance on export control compliance, that:

• leaves you with a practical, prioritized list of actions to strengthen the export compliance measures at your company
• delivers a handy risk assessment report, able to be shown to your management
• allows you to monitor your progress
• identifies and attacks vulnerabilities in your compliance efforts
• serves as a basis to determine how to manage export control risks, and for developing or improving an ICP
• shows the progress that you have made in mitigating the risks to which you are exposed.

---

3. What are the different steps in the RespectUs risk assessment?