GAO Calls on Ex-Im to Strengthen Dual-Use Transaction Monitoring
The Export-Import Bank should adopt stricter methods for monitoring late and missing documentation for dual-use transactions, the Government Accountability Office said in an Aug. 29 report, arguing that the credit agency on occasion lacked the wherewithal to determine if the…
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transactions posed risks. GAO cited three transactions where the credit agency's efforts to obtain such documentation was sluggish and unrecorded. The transactions took place in 2012, and involved French satellite company Eutelsat, as well as the Mexican and Cameroon governments. The credit agency said it did not finance any dual-use transactions in 2013, according to the GAO report.