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Any exporter who ships outside of the United States is responsible for complying with Census regulations and filing Electronic Export Information (“EEI”) in the Automated Export System (“AES”) for each eligible shipment. But how do you know if one is needed? Let’s break down the steps you need to consider when making an export and filing the correct EEI.

Do you slap “Made in USA” labels on your products or advertise in this way?  Can you, without a doubt, declare your products are – in fact – made in the USA?  This is one of the most overused (and misunderstood) proclamations companies make on the market today.  Ensuring accuracy is imperative because the consequences can be expensive.

What does your export compliance program look like?  When was the last time you looked at it?  Let’s back up further.  Do you even have a compliance program? Answers to these questions are going to play a critical role for many companies this year.  That’s because 2024 is shaping up to be a year of increased enforcement.  Are you ready for it? 

In November, the largest cryptocurrency exchange in the world paid the largest settlement in OFAC history for alleged sanctions violations.  Together with other agencies, the settlement totaled over $4 billion!  On top of that, the CEO also pled guilty, has relinquished his role, and must pay a personal fine of $50 million.  What happened?

Discover how daVinci's reward process lacked due diligence, allowing recipients in sanctioned countries to access rewards, highlighting the need for geolocation controls.

Stop me if you’ve heard this one:  “We don’t make munitions or sell weapons, so we are good on all those export-law requirements.” Statements like this make most trade compliance managers cringe.  Why?  Because there’s so much more to import/export compliance than just “selling munitions.”  Take the enforcement case announced last month against 3M Company.