The policies and processes dictated by the DDTC as they relate to the administration of the ITAR have begun to change. The changes that have occurred and are about to occur relate to the process in which Registrations, License Applications, Advisory Opinions, Commodity Jurisdictions and Voluntary Disclosures are submitted to DDTC.
In a real baseball game, the players have the goal of staying at bat and not getting out, however, in the game of encryption, you are actually looking to get out. In particular, you want to determine if your item can “get out” of the Category 5 Part 2 controls.
The ICC has now released the latest revisions, which they believe will help simplify the responsibilities of the buyer and the seller in a trade finance contract. The latest version of INCOTERMS becomes effective January 1, 2020 and is to apply to contracts entered into after that date.
The U.S. Department of Commerce announced sanctions against twenty-eight Chinese governmental and commercial organizations for engaging in or enabling activities contrary to the foreign policy interests of the United States, by adding these organizations to the Entity List. The entities that were listed have been connected to human rights abuses with respect to China’s suppression of rights of the Uighurs and other predominantly Muslim ethnic minorities.
On August 30th, BIS published Due Diligence Guidance regarding exports, re-exports, and transfers to Pakistan. With the increased concern regarding Pakistan’s nuclear program and risks of diversion, BIS is urging companies to conduct additional due diligence when it comes to transactions destined for Pakistan.
DDTC has entered into a new Consent Agreement with L3Harris Technologies for violations of the ITAR. The $13 million penalty alleges 131 violations of the regulations. Keep reading for some of our observations about this case.
Does your Compliance Manual still define Defense Articles as “specifically designed, developed, configured, adapted, or modified for a military application”? Does it still contain two different Destination Control Statements? Regulations and government policies change. Your manual must stay current with those changes.
In this blog, we'll discuss how you can effectively manage your company’s freight forwarders and customs brokers. These entities are vital parts of your supply chain, and they are also a critical component to successful trade compliance.
Within a few short weeks, the International Chamber of Commerce (“ICC”) will release the much-anticipated INCOTERMS 2020 and, as it did in 2010, the publication of the ICC decisions will change the landscape of international trade.
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?”