KYC Enhanced Due Diligence for Dual Use Goods Suppliers.

Dual-use goods are items, software or technology that can be used for both civil and military purposes. From a UK/EU perspective, exporters are responsible for checking whether their goods are controlled, whether an export licence is required, and whether there are concerns about the intended end-user, destination or end-use. Other jurisdictions have similiar frameworks & regulations to ensure that civilian products are not diverted for military warfare.

Enhanced due diligence is the deeper review carried out when a relationship, transaction, subject or entity presents higher risk. It helps identify diversion risks, sanctions exposure, weapons of mass destruction concerns, military end-use risks, human rights risks and other indicators that goods may be misused or re-exported contrary to law.

Furthermore. there is often a cross over between dual use goods and sanctioned entities, subjects, regimes and entities, in that they are often symbiotic and use similar techniques, structures and methods to avoid detection.

When Enhanced Due Diligence is Needed:

  • The item appears on an applicable national, regional or multilateral control list, or may fall within a dual-use control category.

  • The transaction may involve export, re-export, transfer, transit, brokering, technical assistance or intangible transfer of technology controls.

  • The customer, consignee, end-user, destination or route is unusual for the stated business purpose.

  • The end-use is unclear, inconsistent or sensitive, including military, nuclear, chemical, biological, missile, surveillance, cyber, artificial intelligence, semiconductor or advanced technology applications.

  • The transaction involves sanctions, embargoes, a high-risk jurisdiction, a complex intermediary chain or a party that is reluctant to provide information.

  • The exporter, supplier, financier, logistics provider or platform has been informed of concerns, or has its own concerns, about the intended end-use or end-user.

How Proximal Consulting Can Help

Since 1999 Proximal Consulting have been providing precise, detailed and confidential KYC enhanced due diligence (EDD) reports in over 190 countries and international jurisdictions. Our EDD reports are tailor-made to each client’s specifications, thus fulfilling their legal and regulatory obligations.

A recent growth area for us has been assisting clients with Dual Use Enhanced Due diligence, our reports have given our clients the insight and confidence they need to continue, start and manage their business relationships, whilst also fulfilling their regulatory obligations.

Furthermore, we can provide ongoing support and insight into challenging and diverse jurisdictions, such as Russia, South America and China , along with dealing with any regulatory and compliance.

Our KYC enhanced due diligence reports are:

  • Fixed price

  • Full global and historical coverage

  • Strictly confidential

  • Tailor-made to the client’s requirements

  • Completed in an agreed time frame

  • Produced to ensure our client is not exposed to reputational, operational, legal or concentration risks

  • Precisely written

  • Rigorously researched and analysed and not just simple database search results

  • Factual, impartial and objective

  • We are particularly adept at providing background information on high net worth individuals and/or associated corporate entities, and politically exposed persons (PEPs)

Please contact us with your specific requirements and we can quickly provide. a no obligation quote to assist with your requirements.

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