What activity involves keeping customer lists current in terms of export compliance?

Keeping customer lists current in terms of export compliance is primarily associated with customer-based screening. This activity involves regularly reviewing and updating information about customers to ensure compliance with export regulations, which can include checking against restricted party lists, understanding the end-use of products being shipped, and ensuring that the customer’s intended use complies with legal requirements.

Customer-based screening helps organizations identify potential risks and prevents exporting to individuals or entities that may violate compliance laws, thus minimizing legal liabilities and ensuring the integrity of international trade operations. This proactive approach is critical in maintaining an organization's export compliance program, as it safeguards against inadvertently doing business with restricted parties or in prohibited transactions.

Other activities listed, such as periodic reporting and training employees, play important roles in compliance as well, but they focus on different aspects of the compliance framework. Periodic reporting involves documenting compliance efforts or transactions, while training employees is about educating staff on compliance policies and the importance of following regulations. Cost analysis, on the other hand, relates more to financial aspects rather than compliance activities.