Who does the business of exporting products to foreign countries? Have you ever wondered whether each financial transaction or export of industrial products such as electronic parts automotive parts sensors and lasers aviation equipment marine equipment Has the buyer actually used the product in accordance with the purpose of the product or not? An exporter may have encountered a new customer who requested a large amount of such goods but asked to pay in cash. or may purchase goods by having them shipped to an unfamiliar destination country Including changing the route of transporting goods by change company address frequently These are indicators. (Indicators/Red Flags) that the exporter suspects may be at risk of being involved in the business of terrorist groups. The company we are doing business with may be a front company. This is associated with the proliferation of Weapons of Mass Destruction (WMD), where terrorist groups are willing to pay large sums for dual-use items (DUI). ) to be produced or modified into weapons.

These are the reasons why Thai entrepreneurs should pay close attention to routine inspections of industrial goods traded for DUI, including customer and end-use inspections. To prevent their companies from being involved in terrorism or money laundering in the future.

What are dual-use items (DUI)?

Dual-use items (DUI) are items that can be used for both commercial and military applications. which when the entrepreneur sells such products The destination can use the goods for general trade. But it could be related to chemical, biological or nuclear weapons. DUI infiltrates many industries, including the automotive industry. Electronics, Aviation, Marine Equipment, Telecommunications, Sensors and Lasers Examples of DUI products, such as ball bearings, are often components of machinery in heavy industrial plants. In the hands of terrorists, it could be used as a component of nuclear weapons. Carbon fibers, typically used in sports equipment such as tennis rackets, can be a component of a carbon dioxide generator. corona virus (Coronavirus) is also a dual-use product. Because it can be a vaccine or can be made into a biological weapon.

Two-way product How is it important to entrepreneurs in running a business?

Although at present, the government has not yet imposed measures to obtain approval for the export of goods and technologies related to DUI, but entrepreneurs in every industry should know whether the goods produced or exported are DUI or not because such goods are regarded as It is a random product that is associated with terrorism. and if the Company does not audit end-customers regarding use and end-users (End-Use and End-User Screening). Penalties may be imposed under the Controlling Goods Related to the Proliferation of Weapons of Mass Destruction Act of 2019. In addition, in terrorist groups such as the Taliban, Al-Qaeda and Al-Qaeda. ) are also often linked to money laundering in acquiring weapons related to Weapons of Mass Destruction (WMD). Therefore, companies that do not have an internal compliance program (ICP) to verify customers before making commercial transactions. including financial transactions They may also be subject to penalties for money laundering under the Anti-Terrorism and Proliferation of Weapons of Mass Destruction Financing Act B.E. 2559.

How can companies prevent involvement in terrorism and the spread of Weapons of Mass Destruction (WMD)?

Companies should focus on having internal compliance program (ICP), which is an international system to prevent companies from getting involved in the spread of WMD. The main prevention methods are as follows:

·Check if the company has exported DUI or not.

Entrepreneurs can preliminarily check whether the goods they have are DUI or not through the website of the Department of Foreign Trade. Ministry of Commerce Which can be entered as a search term, Customs Tariff (HS Code) or Chemical Number (CAS Number) at the website. http://tcwmd.dft.go.th/etcwmd_iii/classification/main

·      End-use and End-user Screening

before trading with new international clients The company should verify that the customer list is in the database of individuals or groups involved in the spread of WMD, which can be verified on the United Nations Security Council Consolidated List. at the website https://www.un.org/securitycouncil/content/un-sc-consolidated-list

·  Check whether the customer is in the database related to money laundering or not.

AMLO has published a list of people who are designated under the Prevention and Suppression of Financing of Terrorism and Proliferation of Weapons of Mass Destruction Act B.E. 2559, so before trading with customers The Company should also check the list of customers in the database of persons involved in money laundering under the Act. You can search the information of the designated person at https://www.amlo.go.th/dpl/

For exporters, SCB offers the SCB Trade Club platform, a system that helps centralize data to make it easier for entrepreneurs to manage external data. Is a complete information center on international trade in one place who can search for partners in each country and in the desired industry category. Including studying statistical data on documents, rules and regulations so both business partners can know each other's basic background whether they match or not It saves time and negotiates easily. It is an application that has complete functions and is modern like this. Businessmen who see the opportunity should not miss it.

Business customers who are interested in being a part of the global business network SCB Trade Club can request to contact Business Relations Manager or SCB Business Call Center 0 2722 2222.