FCC Risk Assessment Tool (“RAT©”)
Because of COVID, we have seen significant changes in the way we live and work. Working from home has become the new normal, and we are getting closer to the “virtual world”. But how do you keep your organization in control while complying with national and international export control laws and regulations?
At Full Circle Compliance, we developed the Risk Assessment Tool© (“RAT©”). The RAT© is an online tool for measuring your company’s performance on Export Control. At Full Circle Compliance, we believe the RAT© will become the new trend in the assessment of export control performance inside your organization, by allowing your company to determine its export control performance at any given time.
What is it?
The RAT© helps you determine your organization’s current performance on Export Controls. This service is offered as a cost-efficient and standardized solution to your export control compliance needs.
How does it work?
Various employees from different departments will be given access to the online Risk Assessment Tool© environment. Your employees will determine the potential level of likelihood and impact for 65 risk-based export control scenarios.
“Impact” is the effect that a particular export control scenario has on an organization and the “Likelihood” is the chance that this particular scenario may occur. The Risk Assessment Tool’s outcome will be plotted in a Risk Heat Matrix, reflecting an organization’s performance on export control compliance.
An example of the outcome of the 65 risk-based export control scenarios is displayed above resulting in FCC’s RISK HEAT MATRIX
The RAT© is an online tool that requires no physical contact between your organization and Full Circle Compliance. Utilizing an online tool offers your organization the opportunity to keep measuring export control performance while eliminating physical contact during COVID. Your employees have full autonomy to participate at any time of the day, and the assessment will take on average less than an hour of their time. No synchronization of agendas anymore.
What will you gain?