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?”
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.