Is it getting hot in here? Or is it just summer approaching? If you’re feeling a little “toasty,” we’re here to say that you aren’t imagining things. The agency responsible for the Export Administration Regulations (EAR) just turned up the heat on exporters. Earlier this month, the Bureau of Industry and Security (BIS) released updated…
In the Chinese zodiac, 2023 is the Year of the Rabbit. The rabbit symbolizes many different attributes, including cautiousness and self-protection. During a recent gathering of trade compliance professionals, I heard someone mention that 2023 is “the year of export enforcement.” I must say that I agree. These two types of “years” seem to fit…
Trade Compliance Specialists juggle many tasks to ensure their company’s exported and imported goods remain compliant. Their hard work helps uphold the organization’s reputation and ensures the global supply chain is uninterrupted by compliance issues. So when you start a new compliance job, you’ll have to hit the ground running to keep your compliance tasks…
Here Are The Red Flags You Must Look For When Choosing A Trade Compliance Consulting Firm From a robust compliance program to consistent risk management practices, you go to great lengths to keep your operations compliant when importing or exporting goods, technology, or information for your business. The U.S. government demands that your company comply…
“We don’t export anything.” This is something we hear all the time. Sometimes, it’s followed by: “Well, we do ship stuff to Canada. Does that count?” (Pro Tip: Yes, it counts.) But other times, our clients really don’t put something in a box and send it to a foreign country. Yet, they still need help….
Whether you’re part of the Great Resignation, quietly quitting, or just career cushioning, you may find yourself in the following scenario someday: It’s your first day on the job as the new Trade Compliance Manager for ABC, Inc. Where do you go? What should you do? Who should you see? Perhaps most importantly, how will…
It may “take two to tango,” but it takes 27,000 sanctions violations to dance with the Treasury Department’s Office of Foreign Assets Control (OFAC). Last month, Tango Card, Inc. agreed to pay $116,000 to settle these violations. This case serves as an important reminder for any ecommerce business. How a gift card company got in…
Higher penalties. Suspended sentences. Admissions of fault. Public charging letters. Welcome to a new era of export enforcement. The Department of Commerce’s Bureau of Industry and Security (BIS) has changed the game when it comes to penalizing companies and individuals for export violations. How did they do it? And what does this mean for your…
Remember the postcard tax return? It’s been touted by various government officials since 1950. The idea is simple (and beautiful): What if you could file your taxes on a simple, easy-to-use postcard? Just imagine all the hours you could save! Or how about Form 1040EZ? The name itself underscores the simplicity. That is, until you…
We have been asked quite a bit recently as to the latest controls, restrictions and activities specific to exporting to China. Where to begin? There have been many changes over the last few months. The below are short summaries of the major areas of new export controls concerning exports to China. Restrictions Involving Publicly Traded…