Looking for someone to conduct a gap analysis of your trade compliance activities? Here's a list of nine "must-have" components that every good assessment should address.
Recently, a South Carolina company, STREIT USA, was fined $3.5 million to settle charges related to the sale of U.S.-origin vehicles to end-users located in multiple countries.
Last week, Lockheed Martin agreed to buy Sikorsky Aircraft from United Technologies (UTC) for $9 billion. The sale, which is pending U.S. Government approval, represents the largest defense industry deal of the past 20 years, according to The Wall Street Journal.
Despite the glib title of this blog article, we have been noticing a trend in companies using Freight Forwarders directed by their foreign customers. The goal, in many cases, seems to be for the seller to avoid being the “Exporter of Record.”
On July 14, the P5 +1 countries (United States, United Kingdom, China, Russia, France and Germany) and Iran agreed on a Joint Comprehensive Plan of Action (JCPOA) to ensure that Iran’s nuclear program would be peaceful. As part of the agreement, the parties have agreed to sanctions relief which will come in phases and be based on successful implementation of nuclear commitments outlined in the deal.
If you missed the first BIS call-in programs regarding the changes in U.S. Foreign Policy towards Cuba, there are still three more opportunities to attend. BIS will host additional call-in programs on July 7, August 11 and September 8 at 2 p.m. EDT.
Export Solutions is proud to announce that we have been “highly commended” by WorldECR in the category of Export Controls Consultant of the Year. This recognition was part of the WorldECR Awards 2015 – which recognize excellence in export controls and sanctions practice.
The New York branch office of the National Bank of Pakistan (NBP) has agreed to pay $28,800 to settled alleged violations of the Office of Foreign Assets Control (OFAC) Global Terrorism Sanctions Regulations. This stems from a series of funds transfers processed by the bank to an entity on OFAC’s Specially Designated Nationals (SDN) List.
The topics of “improvement” and “reality” are hot in our culture. During my career, I have worked at a number of companies that embraced “continual improvement.” Unfortunately, in many cases, these efforts did not have the intended result. They didn’t change how we actually did things.
Stop me if you’ve heard this one. Your Business Development Manager (we’ll call him “Bob”) is at a military trade show somewhere in the Middle East. A guy from that region exchanges business cards with Bob, chats for a few minutes, then splits.