Trade News

Justice: Florida Man Sentenced for $5M Biochemical Wire Fraud Scheme

August 7, 2024

Pen Yu was sentenced in Tampa to three years, eight months in federal prison for conspiracy to commit wire fraud. He ordered biochemical products from Millipore Sigma (subsidiary of Merck), falsely representing that he was affiliated with a Florida university’s…

CSMS: CBLE Registration Starts Next Week!

August 7, 2024

Registration for the October 2024 Customs Broker License Exam opens August 12 at 12:01am Eastern, and closes September 11 at 4:30pm Eastern. Read More

OFAC: Issues Guidance on Extended Statute of Limitations for IEEPA and TWEA Violations Under New Law

August 1, 2024

Office of Foreign Assets Control released some guidance on the extension of the statute of limitations that was signed into law on April 24, 2024. Section 3111 of the 21st Century Peace through Strength Act extended the statute of limitations…

CBP: 60 Counterfeit Hair Dryers Seizes from China Lacking Essential Safety Features

August 1, 2024

U.S. Customs and Border Protection seized 60 counterfeit and dangerous hair dryers from China. These hair dryers had a fraudulent UL marking, and were not equipped with the required immersion protection device (a circuit interrupter that reduces shock if the…

Justice: Iranian National Extradited for Plan to Evade US Export Restrictions

July 26, 2024

An Iranian national has been extradited to the US for his role in a years-long plan to evade US export restrictions, transshipping advanced US electronic testing tech to Iran via third-party countries. Read More

OFAC: Expands Educational Series with New Video

July 26, 2024

OFAC is continuing to flesh out their YouTube video education series! Their newest video is OFAC Basics: My Funds are Blocked, Now What? It joins the first video in the OFAC Basics series, and the first two Introduction to OFAC…

US Commercial Service

July 26, 2024

Learning about your resources! Do you know what the US Commercial Service has to offer you? Watch along as we talk with a representative from USCS and learn about their mission, goals, and services they provide. Topics Include: Trade expertise…

CSMS: FLETF Unveils Updated UFLPA Strategy for China

July 18, 2024

The Forced Labor Enforcement Task Force (FLETF) released their new UFLPA Strategy for China. They identified new priority sectors: aluminum, PVC, and seafood. They continue to designate apparel, cotton and cotton products, silicon-based products, tomatoes, and downstream sectors as priority…

BIS: Press Release on Export Diversion Risk Guidance

July 18, 2024

The Bureau of Industry and Security issued a press release about their July 10 export diversion risk guidance. Read More

CBP: Customs and Border Protection FY2023 Report

July 12, 2024

A New York company admitted to an illicit export control scheme where they shipped electronic components from the US to Russian-military-affiliated companies.

CSMS: CBP Implements Mandatory Company Identification for Reports

July 12, 2024

A New York company admitted to an illicit export control scheme where they shipped electronic components from the US to Russian-military-affiliated companies.

Justice: Arkansas Arms Dealer Sentenced to Nearly 5 Years in Federal Prison

July 5, 2024

A New York company admitted to an illicit export control scheme where they shipped electronic components from the US to Russian-military-affiliated companies.