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Blackwater to check itself on US arms export law

Amid a federal probe into whether Blackwater Worldwide smuggled weapons into Iraq, the private security contractor said Thursday it has established a panel of defense experts and former prosecutors to ensure it follows U.S. export laws.

In a move that acknowledges the company may not have adequately complied with those laws in the past, founder and CEO Erik Prince said the creation of a three-person oversight committee directly responds to some of the challenges the company has faced in following U.S. controls.

"Our company has experienced remarkable growth in the last few years," he said in a news release. "This growth, our work for the U.S. government around the world, and the nature of the services we offer have created compliance challenges."

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