Most companies want to do the right thing and are not intentionally violating the law, however, even companies with comprehensive import programs can make mistakes and violate the law. Once a violation has been discovered, it is important to report that violation to Customs.
Does your company have an import compliance manual to guide your trade compliance program? Check out why, what, and how your company's import compliance manual should be set up and rolled out to your company!
In a press release earlier this month, the Bureau of Industry and Security (BIS) announced a tightening of controls against Chinese tech firm Huawei Technologies. BIS also added an additional 38 Huawei affiliates to the Entity List.
All U.S. companies that export anything need to ensure that they are compliant with current regulations and policies. See how we help your business with a comprehensive 5-step export compliance assessment!
Wouldn’t it be nice if you could pick up the phone and ask your trusty consultant a seemingly simple question and get back a straightforward, specific, and sure answer? International trade is becoming even more complex and for companies, both large and small, the regulations can be difficult to navigate.
The Directorate of Defense Trade Controls announced on July 29, 2020 changes to the measures announced on April 23, 2020 to lessen the burden that the COVID-19 pandemic is having on U.S. companies and the overseas supply chains. These changes were based on recommendations from industry and DDTC review of the public comments.
Exporters often find themselves in need of assistance at various stages of the exporting process. Export Solutions often receives inquiries from potential clients looking for assistance through trade consulting or freight forwarding. It is easy to confuse the two roles because consultants and freight forwarders often work very closely in order to achieve export compliance.
Once again, companies exporting to Hong Kong will need to adjust to the fact that, for shipments of products or transfers of technology, whether controlled under the EAR or the ITAR, a license will be required and the days of preferential treatment for such shipments or transfers are no longer available.
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.