Company Fined for Antiboycott Violations A Texas company, RHDC International, LLC, will pay a civil penalty of $9,000 to settle charges from The Bureau of Industry & Security (BIS) that it committed five violations of the antiboycott provisions of the Export Administration Regulations. The allegations involved transactions involving the sale and/or transfer of goods, … [Read more...]
U.S. Exporters: Destination Control Statements (DCS) Changing
U.S. Exporters: Destination Control Statements (DCS) Changing The U.S. Bureau of Industry and Security (BIS) and the Department of State issued dual Federal Register notices on August 17th finalizing a common destination control statement (DCS). When required, the DCS should be included on the exporter’s commercial invoice. The new DCS, which will take effect November 15, … [Read more...]
CEO Pleads Guilty to Conspiring to Export Specialty Metallurgical Metals to Iran
CEO Pleads Guilty to Conspiring to Export Specialty Metallurgical Metals to Iran Erdal Kuyumcu - CEO of Global Metallurgy, LLC, a company based in Woodside, NY, pleaded guilty to one count of conspiring to violate the IEEPA [International Emergency Economic Powers Act] in connection with the export of specialty metals from the U.S. to Iran. Kuyumcu [U.S. citizen] pleaded … [Read more...]
Protest in ACE
Protest in ACE U.S. Customs and Border Protection (CBP) is preparing to roll out new ACE capabilities that support the protest process. On August 27, 2016, CBP will deploy protest filing in ACE, at which time all electronic protests must be filed via the ACE Secure Data Portal (ACE Portal). As announced via the Federal Register on July 28, 2016, U.S. Customs and Border … [Read more...]
SEC Charges $15 Million For FCPA Violations
SEC Charges $15 Million For FCPA Violations The Securities and Exchange Commission announced that Massachusetts-based medical device manufacturer Analogic Corp. and its wholly-owned Danish subsidiary have agreed to pay nearly $15 million to settle parallel civil and criminal actions involving Foreign Corrupt Practices Act (FCPA) violations. An SEC investigation found that … [Read more...]