Man Sentenced to 70 Months in Prison for Illegal International Procurement Network Alexander Brazhnikov Jr., from Mountainside, New Jersey, was sentenced to 70 months in prison for his role in an international procurement network that obtained and smuggled more than $65 million worth of electronics from the United States to Russia in violation of export control … [Read more...]
Exporters: Who is the USPPI? It could be YOU!
Exporters: Who is the USPPI? It could be YOU! From Global Reach~ The USPPI is the person or legal entity in the United States that receives the primary benefit, monetary or otherwise, from an export transaction. The following parties can be the USPPI: U.S. seller (wholesaler or distributor) of goods for export U.S. manufacturer (if selling the goods for … [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...]
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...]
July Newsletter
July Newsletter CONTACT US FOR MORE INFORMATION: 800.298.4305 / sales@supfrt.com Click here to see the entire Newsletter - some other topics: Notice to Trade about ACE New Antidumping petition Reminder about Cuba... … [Read more...]