What must be verified before a company can obtain an export license?

In the context of obtaining an export license, verifying the CEO's criminal background is critical because many countries impose strict regulations regarding who is eligible to engage in international trade. A CEO with a criminal history, particularly involving fraud, smuggling, or violations of trade laws, could indicate that the company is a higher risk for engaging in illegal activities. This verification helps to ensure that the individuals responsible for the company’s operations adhere to ethical standards and comply with all relevant laws and regulations. Therefore, screening the CEO’s background is a necessary measure to safeguard national security and economic interests in the international trade arena.

Other factors like financial stability or geographical location may play a role in the overall assessment of the company but are not as directly linked to the legal and regulatory requirements for obtaining an export license as the personal integrity of its leadership.