The International Traffic in Arms Regulations, Export Administration Regulations and OFAC regulations all stipulate record keeping requirements for controlled export activities. Under each of these sets of regulations, records must be retained for five years after the completion of the activity and made available to the regulating authority upon request. Records that must be retained include all memoranda, notes, correspondence (including email), financial records, shipping documentation, as well as any other information related to the export activities. Additionally, when a license exception (EAR) or license exemption (ITAR) is used, or if a record is requested from a regulatory authority, there may be additional reporting requirements.