Export controls are becoming increasingly complex to navigate across global trade.
Organisations operating or financing transactions across multiple jurisdictions must contend with a growing range of national and regional regulations, with requirements that can sometimes overlap across markets. At the same time, the regulations relevant to one organisation may be very different from those that matter to another.
For compliance teams, this creates a difficult balance: maintaining sufficiently broad regulatory coverage while ensuring screening remains relevant to their organisation’s activities, operating footprint and compliance approach.
That is why broader coverage alone is not enough. Organisations also need the flexibility to focus screening on the regulations most relevant to their business.
Lloyd’s List Intelligence is addressing both sides of this challenge through an enhancement to Dual-Use Goods Screening within Trade Risk.
Significantly broader regulatory intelligence
The enhanced capability expands screening across a much wider range of export-control, dual-use, military-goods and controlled-goods regulations.
Coverage includes regulations from jurisdictions across Asia-Pacific, North America, Europe and other key markets. Examples include China’s export-control lists, India’s SCOMET framework, Canadian controls, Japanese Common High Priority Items, Singapore strategic-goods regulations and deeper coverage across the United States, United Kingdom and European Union.
This breadth helps multinational compliance teams consider the regulations associated with the markets in which they operate, the counterparties they serve and the trade corridors they finance.
However, the value is not simply the number of regulations available.
Screening aligned to the customer’s policy
Not every regulation is relevant to every organisation or transaction. Customers can therefore select the regulations they want to include in their screening configuration.
A bank primarily financing trade through particular jurisdictions might choose one combination of regulations. Another organisation, with a different geographic footprint or internal policy, may need a different configuration.
This makes broader coverage more practical. Rather than creating a one-size-fits-all screening environment, customers can apply the regulatory intelligence most relevant to their business while retaining the flexibility to adapt their configuration as requirements change.
By selecting the regulations most relevant to their business, organisations can make broader regulatory coverage more targeted and manageable, focusing screening on the jurisdictions and requirements that matter to them.
More context behind every result
Identifying a potential match is only the beginning of an investigation.
Compliance teams must understand why the result was raised, assess the technical nature and intended use of the goods, consider the parties and countries involved, and determine whether specialist escalation is required. The methodology explicitly positions a match as an indicator for further review rather than a determination that goods are controlled, a licence is required or a transaction is prohibited.
The enhanced screening capability supports this process with richer regulatory context, including:
- The applicable regulation associated with the result
- A direct link to the underlying regulatory source
- The regulation’s implementation date
- Additional effective-date information
- Screening across relevant levels within the HS-code hierarchy
Trade Risk evaluates the HS code supplied by the customer alongside relevant parent categories, helping identify potential risks associated with broader commodity classifications.
Together, these enhancements help teams reduce manual research, validate findings more efficiently and retain clearer evidence for internal reviews, governance and audits.
Designed for a more fragmented compliance environment
A recent Lloyd’s List article described an increasingly fragmented and politicised environment in which Western sanctions, Chinese countermeasures and export controls can create competing considerations for multinational businesses. It argued that compliance frameworks built predominantly around a US-centric model may need to evolve as China increases its use of sanctions and export controls.
The implication is clear: organisations need access to broader regulatory intelligence, but they also require control over how that intelligence is applied.
As Lloyd’s List has recently highlighted, shipping is operating in an increasingly fragmented compliance environment as major economies expand and recalibrate their use of sanctions and export controls.
By combining expanded coverage, customisability and richer evidence behind each result, Lloyd’s List Intelligence helps compliance teams build a more relevant, transparent and defensible approach to export-control risk identification.
Discover how Trade Risk can help your organisation screen goods against the regulations relevant to your compliance policy and operational needs.
