Capital One is famous for its slogan, “What’s in your wallet?” But in the world of trade compliance officers, the pertinent question might be, “What’s in your compliance plan?”
According to Treasury Department statistics, during the first six months of 2019, the Office of Foreign Assets Control (OFAC) has issued nearly $1.3 billion in penalties. That represents 18 settled cases and is an amount which is 17 times greater than all of 2018 (when there were seven settled cases.)
On June 20, 2019, the Department of Justice announced that Walmart and its wholly owned Brazilian subsidiary plead guilty and agreed to pay a combined criminal penalty of $137 million to resolve allegations of violations of the Foreign Corrupt Practices Act (“FCPA”). The fines include $728,898 in criminal penalties, $3,694,490 in criminal forfeiture, plus a mandatory Special Assessment.
Ever wonder why your license application is taking so long to be reviewed and approved? The answer may be something that you have no control over. Your application could have been selected for a Blue Lantern check.
After a delay due to the government shutdown, the U.S. government recently announced increases to civil penalties for export related violations. The increases were implemented in March.
Without a correct classification, you cannot determine duties or tariffs. Classification is often an afterthought. The result? Inconsistent and potentially incorrect classifications. Here are three common pitfalls we see in classification and the remedies.
Recently, Amazon admitted that thousands of their employees are listening to conversations through Alexa and transcribing excerpts. This is not just a privacy issue. It also raises potential questions and concerns about export violations.
This is the second post in a series of blogs about the proposed changes to USML Categories I, II and III. In this article, we will review ITAR exemptions and EAR exceptions under these new rules.
This is the first in a series of blogs about the proposed changes to USML Categories I, II and III. Please check back for more updates soon. For more information about these changes, and the movement of items from ITAR to EAR, read our post on the latest firearms Export Control Reform updates.
On February 28, 2019, DDTC announced a consent agreement against Darling Industries. What has everyone talking, however, is what DDTC said about the company's Empowered Official.