August was another robust month in international trade that further signifies the need for corporations to invest in effective compliance programs. For starters, the DOJ unveiled a new program that incentivizes corporate...more
9/10/2024
/ Antiboycott Requirements ,
Arms Export Control Act ,
Bribery ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
China ,
Compliance ,
Corporate Crimes ,
Corruption ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Exports ,
Forced Labor ,
Healthcare Fraud ,
Incentives ,
International Trade ,
Investment ,
ITAR ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Russia ,
Supply Chain ,
Uyghur Forced Labor Prevention Act (UFLPA) ,
Voluntary Disclosure ,
Whistleblowers
May saw the long-awaited release of the USTR’s Section 301 review. USTR confirmed that the Trump-era tariffs will remain in place, and raised those tariffs by another $18 billion on manufacturing, critical minerals, solar...more
6/4/2024
/ Bureau of Industry and Security (BIS) ,
Compliance ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Electric Vehicles ,
Enforcement ,
Forced Labor ,
Manufacturers ,
Minerals ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Self-Disclosure Requirements ,
Solar Panels ,
Tariffs ,
USTR ,
Uyghur Forced Labor Prevention Act (UFLPA)
April was another month of robust trade actions aimed at foreign goods, export compliance, and heightened enforcement powers. DHS issued an enhanced strategy policy on the textile industry with a focus on de minimis...more
5/3/2024
/ CFIUS ,
China ,
Compliance ,
Department of Homeland Security (DHS) ,
Enforcement ,
Export Controls ,
Exports ,
Israel ,
Notice of Proposed Rulemaking (NOPR) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanction Violations ,
Statute of Limitations ,
Ukraine ,
Uyghur Forced Labor Prevention Act (UFLPA)
With the implementation of the Uyghur Forced Labor Prevention Act, importers of whole or component products from China should begin auditing their supply chains, purchase agreements, and all stages of production. ...more