Introduction

As a United States based business, PrecisionX Technology is required to comply with certain export control regulations for its products and service offerings. 

Commitment 

PrecisionX Technology, headquartered in the United States, is unequivocally committed to full compliance with all applicable export control laws and regulations that govern the export, re-export, and import of commodities, software, and technology across our global operations. As a US-based entity, we are subject to a complex framework of national and international requirements, including but not limited to the Export Administration Regulations (EAR), International Traffic in Arms Regulations (ITAR), and sanctions programs administered by the Office of Foreign Assets Control (OFAC). Our adherence to these regulations is not merely a legal obligation but is integral to our corporate responsibility and ethics. Thus, it is the policy of PrecisionX Technology to strictly comply with all such export control laws and not to engage in any activity that contravenes these regulations. The company has instituted robust internal controls and conducts regular audits to ensure ongoing compliance, safeguarding not only our business interests but also contributing to international security and stability.

Denied Party Screening

All PrecisionX Technology clients, vendors, and certain third-party organizations with whom we do business, either directly or on behalf of or in conjunction with our clients, are subject to a denied party screening process. Prior to our providing any services, selling any products, or disclosing any confidential information, we will require that the other party be screened against the Depart of State's Consolidated Screening List (CSL). If it is determined that any client, vendor, or other third-party is listed in the CSL, PrecisionX Technology will refrain from engaging in any business with the party in question, until such time that they are no longer listed in the CSL.

Periodic re-screening of all clients, vendors, and third-parties with whom PrecisionX Technology has an active business relationship with are re-screened against the CSL on no less than an annual basis. If it determined that any party with whom PrecisionX Technology has an active business relationship has been added to the CSL, the relationship will be immediately discontinued. If appropriate, PrecisionX Technology will self-report any actual or suspected violations to appropriate governmental authorities.