Patria products and services are mostly controlled as defence-related goods under export control laws and regulations and require export licenses from relevant national authorities. We are committed to high business ethics throughout the value chain and want to be recognized as a trusted, and sought-after, manufacturer and exporter of defence products. For that reason, we strive to excel in our compliance with export controls and sanctions laws and regulations applicable to our operations.
Patria has expertise in export controls and participates to several events to exchange with licensing authorities and European institutions on the implementation of relevant legislation also through ASD, where it holds the Chairperson role in the Export Control Committee. Patria is committed to in-depth due diligence and risk assessments in defence industry, leveraging expert resources and in collaboration with relevant authorities, which also identifies and prevents risk of diversion. We proactively engage in open dialogue with Finnish and other relevant authorities to understand expectations and incorporate those in Group-level requirements, especially when collaborative projects stretch across several countries.
Patria has a standardized process for assessing country risk, which is embedded in the sales process, and applies to any business opportunity and partnership. Country risk assessment is also embedded in due diligence screening and is carried out leveraging internal governance structures. Collaboration with authorities is essential, as it allows better understanding of their risk assessment and may lead to insights that are not available to private companies. Dialogue with civil society is emphasized through regular participation to public debates and events, and direct participation to the Arms Trade Treaty Conference of State Parties and other NGO events, directly or through ASD.
Patria also believes in industry collaboration to make an impact in benchmarking on compliance practices and learning from industry best practices. In 2024, Patria and Kongsberg celebrated 5 years of cooperation through the Trade Compliance Project to secure, that we follow the export regulations– a joint project that promotes industry cooperation on best practices in export controls and sanctions.
