How We Help
Risk Assessments, Control Tests, and Gap Analyses
Whether as part of a new program design, or as a key element of an existing program, StoneTurn experts conduct risk assessments, test internal controls, and perform gap analyses aimed at identifying opportunities for updates or enhancements to an organization’s global trade controls. We flag potential vulnerabilities in customs, export controls, licensing and economic sanctions practices, and supply chain and third-party risk management. In addition, our professionals regularly develop and deliver training on these compliance topics, in a practical, customized format and language that fits your needs.
In today’s highly scrutinized global marketplace, knowing your business partners is essential. Our investigative researchers perform thorough due diligence by speaking with sources on the ground or, by reviewing public and proprietary databases to deliver findings that enable clients to evaluate risk and make informed, timely decisions.
Licensing and Related Controls
With up-to-date, hands-on experience, StoneTurn experts point out regulatory requirements and potential deficiencies to help clients translate best practices into actionable operational guidance. We will assist in identifying classifications and jurisdiction and, as needed, complete and file commodity jurisdiction requests and commodity classification requests. Our team will determine if license exceptions are available or if licenses are required and, as needed, will help complete and submit applications. Together, we will also design and implement practical controls to cover license exception requirements or resulting license conditions.
Investigations and Internal Audits
StoneTurn’s risks and controls, forensic accounting, investigative and data analytics experts respond to and investigate alleged misconduct by or against an organization. Our investigative team of former federal prosecutors and law enforcement professionals are well versed in conducting discreet internal investigations without disrupting day-to-day operations. Besides forensic accounting reviews and risk assessments, we regularly conduct employee and witness interviews, perform site visits, and surveillance, as needed.
Build and Enhance
Compliance Program Design, Implementation, and Enhancement
Whether you need to create and implement a new program or understand where your compliance program is today, StoneTurn works with companies to design and integrate effective and efficient policies, procedures, and systems that make sense. Our experts use their hands-on knowledge to develop the appropriate customized, measured approach for your company, incorporating controls that account for how the laws treat your products, technology, and services. With tactics and materials tailored to your needs, we can help mitigate third-party legal, business, and reputation risks; test compliance controls; and potentially reduce compliance issues or prevent recurrence, by identifying root causes and implementing corrective measures. We also provide training on a wide range of global trade control issues, which is customized to your organization’s needs.
Regulatory Inquiries and Government Enforcement Actions
StoneTurn’s subject-matter experts, trained investigators, forensic accountants and data analytics specialists investigate compliance anomalies and allegations of misconduct. We work alongside in-house legal and compliance teams and outside counsel to identify potential compliance gaps, administrative regulatory issues, and criminal activity, and provide an appropriate response to government agencies. As needed, we oversee agreed on or mandated remediation, and assist in creating controls designed to mitigate reoccurrence of underlying issues.