Adding to a list of seemingly never-ending problems, the Boeing Company recently agreed to pay a $51 million civil penalty for violating U.S. export regulations, specifically the International Traffic in Arms Regulations (ITAR) and Arms Export Control Act (AECA). So, what happened? And what can we learn?
Duty drawback is probably the most under used duty recovery program available by U.S. Customs. With the price of everything going up, getting a refund could be very beneficial and a nice cost-saving measure to produce your goods. Although duty drawback can be quite confusing, it doesn't have to stop you. Here are some of the basics to help you get started.
Shipping goods into the United States isn’t always a seamless process. At some point, almost every U.S. importer will experience a clearance delay getting their goods through U.S. Customs & Border Protection (CBP). But why? Here are the likely culprits holding you up.
The U.S. Government is trying to get its arms around a range of new technologies and advancements. This includes a Commerce Department rule that, if enacted, would create substantial new regulations for Infrastructure as a Service (IaaS) providers. The rule also takes aim at foreign persons who might use these platforms to train large Artificial Intelligence (AI) models.
Discover the five essential elements of an effective OFAC Compliance Program. Learn what OFAC compliance is and how to implement it in your business.
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?
What do you find at the end of the Yellow Brick Road? For two Americans accused of evading U.S. export controls, the answer is fines, penalties and prison. (Oh my!)
Explore the critical role of sanctions in trade, their historical context, and their impact on global business compliance.
