Building Trust Around the World
Obeying All Trade Sanctions, Embargoes, and Export Control Laws
Flex conducts business around the world. As such, we are subject to a variety of trade laws that may control how, where and with whom we can do business.
We are required to comply with all applicable trade laws concerning trade sanctions, embargoes and import and export activities in every country where we operate. We best ensure compliance when we:
- Know who we are doing business with and what the applicable legal standards are
- Never do business with entities or individuals that are prohibited by law, or conduct unauthorized transactions with countries subject to trade embargoes or economic sanctions
- Obey trade restrictions imposed on specific products, such as military or dual-use items
Anti-boycott laws
Flex is required to comply with all federal anti-boycott trade and tax laws. We will not cooperate with international boycotts that have not been sanctioned by the U.S. government, and we will report any boycott requests to the U.S. government.
Ask yourself
I’m excited about the work I do for Flex. I like working in our health-care business and knowing that the work we do gets people the products they need to stay healthy. I’ve noticed recently, though, that our work site has been lax about our screening processes when it comes to importing and exporting supplies and products. Our culture here is just not as rigorous as it should be. I brought this up with my manager and was told that I was worrying too much. The manager said that sanctions compliance was not a priority, and that we were better off keeping supplies moving. What should I do?
Sanctions compliance is very important to our reputation and our business. You should report your concerns to the Compliance Director for Trade or the Ethics and Compliance Team, or use our confidential reporting tool. We must have effective screening processes at our facilities to ensure full compliance with all trade laws, wherever we do business.