Trade News

Justice: A Florida Couple Plead Guilty to Duty Evasion

October 19, 2023

A couple from Florida plead guilty to duty evasion on plywood imports, and selling illegally imported plywood products, as well as smuggling and violations of the Lacey Act. The loss of duties was ~ $42 million. Read More

CBP: Joint Forces Uncover Who Stole Dinosaur Bone

October 19, 2023

U.S. Customs and Border Protection worked with Bureau of Land Management to find people who stole dinosaur bones from Utah to sell and export. The defendants were in court in October. Read More

BIS: Issued an Update for Samsung and SK hynix

October 13, 2023

The Bureau of Industry and Security issued a rule updating the general authorizations for Samsung and SK hynix for semiconductor facilities in PRC. This is under the Validated End-User (VEU) program. This basically gives the South Korea companies permission to…

Justice: New Safe Harbor Policy

October 4, 2023

The Deputy AG announced new Safe Harbor policy for VSDs that are made in connection with mergers and acquisitions. This was during the remarks that Lisa Monaco gave at the Society of Corporate Compliance and Ethics’ 22nd Annual Compliance and…

DDTC: Directorate of Defense Trade Controls issued an ITAR Compliance Risk Matrix

September 28, 2023

The Department of State, Directorate of Defense Trade Controls (DDTC) is issuing a new ITAR Compliance Risk Matrix, accompanied by a supplemental risk matrix specific to universities. These risk matrices are intended to assist organizations in assessing their level of…

BIS: Bureau of Industry and Security Published Guidance on Best Practice

September 28, 2023

BIS published guidance on Best Practice: Certification to Prevent Diversion to Russia of Highest Priority Items. They identified 45 HS codes that have controlled items that are at risk of being diverted due to their importance to Russia’s ware efforts.…

Sanctions in Singapore

September 25, 2023

Singapore is fining Hydronav Services, a Singpore company, for violations of their export controls in sending goods to Myanmar. They lied and said it was going to Indonesia. Read More

CBP: Customs and Border Protection Releases August 2023 Monthly Update

September 22, 2023

August 2023 statistics are here. Details on migration, narcotics traffic, travel, the CBP One app, forced labor and intellectual property, and agriculture topics. Read More

OFAC: The Office of Foreign Assets Control Settled with 3M and Emigrant Bank

September 21, 2023

OFAC settled with 3M and Emigrant Bank for $9,618,477. This is for a potential civil liability for 54 apparent violations of sanctions on Iran. 3M’s subsidiary sold reflective license plate sheeting to an Iranian entity controlled by Iranian law enforcement.…

USTR: Section 301 Exclusions Extended Expiration Date

September 11, 2023

The existing Section 301 Exclusions that were set to expire 9/30/2023 are now extended until 12/31/2023. The list of impacted HS codes and items are in the Federal Register notice. Read More

CBSA: Updates to CARM Release 2 Timeline

September 1, 2023

In May 2024, CARM will become the official system of record for the collection of duties and taxes for commercial goods imported into Canada. Release 2 soft launch is planned for October 2023 to allow selected industry partners to test…

GAO: The Government Accountability Office issued report on the Export-Import Bank

August 31, 2023

The Government Accountability Office issued their report on the Export-Import Bank monitoring of dual-use items that they finance. The bank did not finance any new dual-use exports in FY 2022. It continued to monitor use of two satellites sold to…