Defendant Sentenced to 27 Months in Prison & Fined over $500K for Export of Luxury Vehicles to China Defendant Mao Peng of Shorewood, Wisconsin was sentenced to 27 months in federal prison and ordered to pay $517,265 in restitution. Peng had previously pleaded guilty to three felony offenses: Conspiracy to engage in wire fraud Conspired to defraud the State of … [Read more...]
CBP Pipeline Clarification
CBP Pipeline Clarification From Global Reach: This is from a Joint blog post from the Census Bureau’s International Trade Management Division and from U.S. Customs and Border Protection. Recently the U.S. Customs and Border Protection (CBP) sent out a Pipeline Notice to all ports regarding guidance on how penalties will be issued for reporting the incorrect date of … [Read more...]
IATA: Air Freight Markets Grow Slightly in September
IATA: Air Freight Markets Grow Slightly in September From IATA: September 2015 data for global air freight markets showing very modest growth of 1.0% compared to the same month a year ago. This is a slight improvement on the August performance when volumes were broadly stable. Overall, however, air cargo volumes remain 1.2% down from their 2014 year-end peak. The … [Read more...]
Finding out more about the new ACE Export features
Finding out more about the new ACE Export features From Global Reach: As part of the International Trade Data System (ITDS), we are getting the word out that the Automated Commercial Environment (ACE) Secure Data Portal now features ACE Exporter Accounts and ACE Export Trade Reports, new features that the trade can register for and use. The ITDS is a collaborative effort … [Read more...]
Former Connecticut Resident Sentenced to Over Eight Years in Prison for Attempting to Ship to Iran
Former Connecticut Resident Sentenced to Over Eight Years in Prison for Attempting to Ship to Iran Mozaffar Khazaee, 61, formerly of Manchester, Connecticut, was sentenced to 97 months in prison and ordered to pay a $50,000 fine by U.S. District of Connecticut for violating the Arms Export Control Act by attempting to send to Iran highly sensitive, proprietary, trade secret … [Read more...]