EMCP meaning in Business ?

Answer:

What is Export Management and Compliance Program mean?

An Export Management and Compliance Program (EMCP) is required by the U.S. Government to ensure that companies comply with export control policy for dual-use commodities, software, and technology. The policies and regulations are intended to enhance national security; as well as limiting the proliferation of weapons of mass destruction. If the regulations are not followed, heavy fines can be levied against the company. Individuals involved at all levels can also be penalized with fines, and imprisonment.

The U.S. Department of Commerce Bureau of Industry and Security (BIS) publishes a compliance guideline to help companies set up their Export Management & Compliance Program (EMCP) tailored to their own needs. The manual outlines 9 key elements.

Management CommitmentRisk AssessmentA Written EMCPCompliance TrainingCradle to Grave Export Compliance Security & ScreeningRecordkeepingAudits/AssessmentsReporting & EscalationCorrective Action

The BIS also publishes a self-audit tool to help companies evaluate their EMCP as would be expected by an outside audit.

reference

Full Form	Category
Electronic Modular Control Panel	Academic & Science
Export Management and Compliance Program	Business
Emergency Management and Continuity Planning	Business
Enrollment Management Career Placement	Business
Equipment Management Certificate Program	Business
ExxonMobil Canada Properties	Business
Export Management Compliance Program	Business
Encrypted Mobile Content Protocol	Computing
Embedded Multi Chip Package	General
ERP MDM CRM and PRISYM	General
Energy Management Control Process	General
Enhanced Malaria Control Project	General
Energy and Manufacturing Competitiveness Partnership	Governmental