Importers to Pay Over $3 Million Relating to Evaded Customs Duties From the DOJ: The Department of Justice announced that California-based C.R. Laurence Co. Inc., Florida-based Southeastern Aluminum Products Inc. and Texas-based Waterfall Group LLC have agreed to pay $2,300,000, $650,000 and $100,000, respectively, to resolve a lawsuit brought by the United States under … [Read more...]
CEO Arrested for Exporting Aerospace-Grade Metals to Iran
CEO Arrested for Exporting Aerospace-Grade Metals to Iran Defendant, Erdal Kuyumcu of Woodside, NY, was arrested on March 1, 2016 on federal charges of illegally exporting a cobalt-nickel metallic powder (used in missile production and nuclear applications) from the United States to Iran through an intermediary in Turkey. The complaint alleges that Kuyumcu, a U.S. citizen … [Read more...]
IATA: Air Freight Makes Solid Start to 2016
IATA: Air Freight Makes Solid Start to 2016 International Air Transport Association (IATA) released data for global air freight markets in January showing a rise in freight tonne kilometers (FTK) of 2.7% compared to January 2015. This continues the improving trend witnessed toward the end of 2015, and is the fastest pace since April of last year. From Tony Tyler IATA … [Read more...]
Country Commercial Guides: Exporting – A Starting Point
Country Commercial Guides: Exporting - A Starting Point Are you - Looking for foreign market intelligence you can trust? Want to know the best-sector prospects to target today? Know the trade barriers to watch out for and the regulations you need to follow? How about culture and business customs for that next trip? From Export.gov: Look no further than the … [Read more...]
BIS: Orders Denying Export Privileges
BIS: Orders Denying Export Privileges This month BIS (Bureau of Industry & Security) issued two orders denying export privileges. Quang Hu, a/k/a/ Johnson Ju was convicted on 7/24/2014 of violating the International Emergency Economic Powers Act by knowingly and willfully conspired, combined, confederated and agreed with other persons known and unknown to cause the … [Read more...]