Companies of all sizes need to stay on the up and up when it comes to trade compliance. If you step out of line, your company could receive harsh penalties for OFAC sanction violations. Learn how Amazon recently came under pressure for OFAC violations and what your company can learn from their mistakes.
With Customs Compliance, ignorance is not bliss. If you simply did not know you were doing something wrong with your imports, you will not be let off the hook when it comes to fines or penalties.
Many of us are just trying to keep our head above water with the changing compliance scene. Such is the case with the recent announcement from the Department of Commerce stating that they are issuing an interim final rule allowing persons to share certain U.S. technology with Huawei.
In response to a Final Rule published by BIS effective in March 2020 moving certain firearms, guns, and ammunition to the CCL, AES has been updated to create a new license type, C63, for items not having the same controls as other .y items.
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, already has changed – is the ubiquitous trade compliance assessment. You might ask: “Are we really doing these online now?”
No one wants to really talk about trade compliance or acknowledge if it is lacking or non-existent. The fact of the matter is that import compliance needs to be prioritized before it is too late. As a business leader you need to know if your team needs import compliance training, and you can ask these 10 questions to find out if you need training.
During tough economic times, companies look for ways to save money and deliver results more efficiently. Instead of putting the company at risk by cutting compliance, many companies are turning to trade compliance outsourcing solutions to protect their business and boost their bottom line.
On top of everything else going on in the world, imports are coming in very slowly, giving CBP additional time on their hands to scrutinize those entries and ask questions on what you thought was an easy transaction. Here are five areas on which to focus your attention during this time.
Canada has ratified the United States Mexico Canada Agreement which will become effective on July 1st. The USTR is currently working with partners in Canada and Mexico, while the U.S. CBP is working internally towards implementation.
Effective May 1, 2020, DDTC announced a temporary reduction in fees due to the impact of the COVID-19 pandemic on the national economy and the Defense Industrial Base.