Export Compliance Daily
WEBOct. 27–30. 2024 Defense Security Cooperation Agency Conference (here) Export Compliance Daily serves the daily information needs of customs brokers, attorneys, export managers, compliance officers, logistics professionals, shippers and executives at every stage of the export process.
Financial Firms Responsible for ‘Ongoing’ Export Due Diligence, …
WEB1 day ago · The six-page guidance, released by BIS Oct. 9, offers a set of best practices that companies operating in the financial industry should follow to “minimize their risk” of violating U.S. export control regulations, including how they should screen customers, verify customer compliance with export laws, and create other “risk-based procedures” to catch and investigate red flags before ...
New Indictment Details Russian Efforts to Buy US Microelectronics …
WEB13 hours ago · The 27-page indictment builds on a temporary denial order issued against the Russians by the Bureau of Industry and Security last year, which placed export restrictions on Russian-German national Arthur Petrov along with Russian nationals Zhanna Soldatenkova and Ruslan Almetov for their involvement in the export transshipment scheme (see 2309010020).
Export Compliance Daily
WEBAug 26, 2024 · Start your 30-day trial today. Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations. Start my free trial Login to my account.
BIS Codifies VSD Policies, Removes Caps on Non-Egregious Base …
WEBSep 13, 2024 · The changes, effective Sept. 16, are “important steps in institutionalizing” the host of enforcement updates spearheaded by Matthew Axelrod, the BIS assistant secretary for export enforcement, since 2022, he said in a news release.. “The stakes of ensuring that we have the proper tools to deter export violations and -- when that deterrence fails -- to hold violators accountable could not ...
Failure to Monitor Gov’t Guidance Could Lead to Enforcement …
WEB4 days ago · Failure to Monitor Gov’t Guidance Could Lead to Enforcement Risks, Lawyers Say. 7 Oct 2024 by Ian Cohen. The U.S. is increasingly expecting companies to monitor government guidance as well as export violations committed by others, and to use those cases as “lessons learned” to improve their own …
Rising US Enforcement Calls for Better Sanctions Screening, …
WEBSep 23, 2024 · Rising US Enforcement Calls for Better Sanctions Screening, Industry Officials Say. 23 Sep 2024 by Ian Cohen. Companies should continue to expect an “aggressive” U.S. sanctions enforcement landscape heading into next year, and should consider increasing the amount of due diligence they undertake if they haven’t already, panelists said ...
About Export Compliance Daily
WEBAbout Warren Communications News. Warren Communications News, Inc. (WCN) is the leading publisher of hard news, analysis and research covering the telecommunications, international trade, consumer electronics, broadcasting and satellite industries. Founded in 1945 in Washington, D.C. and still headquartered in the nation’s capital, Warren Communications News was originally established to ...
G7 Nations Call on Traders to Boost Export, Sanctions Due Diligence
WEBSep 26, 2024 · The document gives industry “the information necessary to identify and respond to Russia’s changing evasion tactics,” said Matthew Axelrod, assistant secretary for export enforcement. The guidance, issued after a Sept. 24 meeting of the G7 sub-working group on export control enforcement in Brussels, was endorsed by the U.S. along with Canada, France, Germany, Italy, Japan, the U.K. and ...
RTX Gets Record $200M Penalty for Unauthorized Exports, …
WEBSep 3, 2024 · RTX Gets Record $200M Penalty for Unauthorized Exports, Misclassifications. 3 Sep 2024 by Ian Cohen. Defense firm RTX Corp. will pay $200 million to settle alleged violations of U.S. defense export controls, the largest standalone export penalty ever issued by the State Department. RTX voluntarily disclosed the 750 violations, the agency said ...