We all remember the cute nursery rhyme “Peter Piper.” (Try reciting it five times fast!) But in today’s world of ransomware attacks, many U.S. companies are caught in a troublesome “pickle” trying to figure out what to do. Here’s the scenario. Over a weekend (particularly holiday weekends), your company may find itself hit by a…
Fans of the movie “Office Space” are familiar with the dreaded TPS Report. Recently, the U.S. Bureau of Industry and Security (BIS) finalized its plans to reduce reporting requirements for certain encryption items. This change was made “in order to reduce exporters’ regulatory burdens.” By way of background, BIS is responsible for oversight and enforcement…
Unlicensed Exports Apply To All Foreign National Students It’s been several years since the imprisonment of John Reece Roth, a former University of Tennessee electrical engineering professor who was convicted of conspiracy, wire fraud and fifteen (15) violations of exporting ITAR controlled defense articles. Professor Roth was involved in a U.S. Air Force contract for…
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…
In a press release earlier this month, the Bureau of Industry and Security (BIS) announced a tightening of controls against Chinese tech firm Huawei Technologies. BIS also added an additional 38 Huawei affiliates to the Entity List – an action that will impose a license requirement for all items subject to the Export Administration Regulations (EAR)…
Why Export Compliance Matters U.S.businesses that sell goods and services in a global market are required to comply with export control regulations that are published by several U.S. departments including the Department of Commerce, the Department of Treasury, and the Department of State. Export compliance does not only apply to big companies. Any U.S. business…
Does My Business Need Help With Global Compliance? Exporters often find themselves in need of assistance at various stages of the exporting process- from building a complete program to getting products out the door. Deciding on where to begin and who to contact can be difficult, and not least of the difficulties lie in figuring…
Here you come again. Just when we had begun to get our compliance plan together You waltz right in the door Just like you have done before With another change in hand And now we need to adjust our heads to yet another round of regulations (Adapted From Here you Come Again, Dolly Parton) Once…
In response to a Final Rule published by the Bureau of Industry and Security (BIS) and effective in March 2020 moving certain firearms, guns, and ammunition to the Commerce Control List (CCL), the Automated Export System (AES) has been updated to create a new license type, C63, for items not having the same controls as…
Business Has Changed, It’s Time For Trade Compliance To Change, Too As the business world adapts to face masks, Zoom calls and social distancing, the trade compliance community is also re-evaluating the way it does business. While a lot has changed in your business, one thing that is certain to change – and, in fact,…