The continuing education (CE) requirements for customs brokers went into effect on January 1, 2025, and the trade landscape has been evolving rapidly ever since. How do the new CE requirements work and how can you use them to your best advantage?
BIS: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
BIS: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
November 8, 2024/
BIS has imposed a civil penalty of $500,000 on GlobalFoundries US. GlobalFoundries is a semiconductor manufacturer in New York, and they shipped ~$17.1 million in semiconductor wafers to a company on the BIS Entity List without licenses. They voluntarily disclosed, cooperated with the investigation, and took remedial issues after discovery.
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