DOJ: Company to Pay $232.7M for Violating US Sanctions Against Iran and Sudan Schlumberger Ltd., the world’s largest oil-field services company, has agreed to enter a guilty plea and to pay a $232,708,356 penalty to the United States for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging … [Read more...]
International Trade University ‘Free’ Webinar Series–Begins March 19
International Trade University 'Free' Webinar Series–Begins March 19 The U.S. Census Bureau is offering and hosting 10 FREE webinars this spring. These webinar topics includes: Foreign Trade Regulations Automated Export System Guidance on classifying your product Bureau of Industry and Security’s 600 series All of the instructors are international trade experts … [Read more...]
$1.45 Billion in Penalties for Transactions with Sanctioned Parties
$1.45 Billion in Penalties for Transactions with Sanctioned Parties The Justice Department announced $1.45 billion in penalties to a global bank headquartered in Germany and its New York branch for concealing hundreds of millions of dollars in transactions prohibited by U.S. sanctions laws on behalf of Iranian and Sudanese businesses. From DOJ: Commerzbank AG, a global … [Read more...]
CBP and EPA Seize Over 730 Illegal Vehicles, Engines at LA/Long Beach
CBP and EPA Seize Over 730 Illegal Vehicles, Engines at LA/Long Beach The U.S. Environmental Protection Agency and U.S. Customs and Border Protection shared the results of a joint operation targeting foreign-made vehicles and equipment imported without proper emission controls in violation of the federal Clean Air Act. More than 730 items, including ATVs, motorcycles and … [Read more...]
Now Imports from Cuba Permitted, However…
Now Imports from Cuba Permitted, However... Importers should be mindful that shipments from Cuba may come at a high cost. Cuba is one of only two countries (the other being North Korea) still subject to column 2 duty rates in the Harmonized Tariff Schedule of the U.S. As a result, while the some products (those produced by independent Cuban businesses) may now be imported … [Read more...]