OFAC - Barclays Bank Settlement Agreement for Violations of Zimbabwe Sanctions OFAC [U.S. Department of the Treasury’s Office of Foreign Assets Control] announced a $2,485,890 settlement with Barclays Bank Plc (Barclays). Barclays agreed to settle its potential civil liability for 159 apparent violations of the Zimbabwe Sanctions Regulations, 31 C.F.R. Part 541. From July … [Read more...]
UPDATE on ACE: Delay – CBP has implemented a staggered approach to the mandatory filing
UPDATE on ACE: Delay - CBP has implemented a staggered approach to the mandatory filing From CBP - CSMS #16-000093: CBP has implemented a staggered approach to the mandatory filing of electronic entries and corresponding entry summaries in ACE, and the decommissioning of electronic entry/entry summary filing capabilities in the Automated Commercial System … [Read more...]
FAA Advises Assessment of Lithium Batteries Risk
FAA Advises Assessment of Lithium Batteries Risk The Federal Aviation Administration (FAA) yesterday issued a safety alert to US and foreign commercial passenger and cargo airlines, urging them to conduct a safety risk assessment to manage the risks associated with transporting lithium batteries as cargo. The FAA says it also is issuing guidance to its own inspectors to … [Read more...]
Export Classification Codes Part 3: Parts
Export Classification Codes Part 3: Parts This is the final blog post from Global Reach that discusses the proper way to classify mixtures, kits or parts for exports. This blog post discusses how to classify parts according to the Additional U.S. Rule. According to Additional U.S. Rule 1B, goods that are specifically provided for in Schedule B must be classified as … [Read more...]
$13 Million Fine for Illegal Hardwood Imports-Largest Lacey Act Penalty Ever
$13 Million Fine for Illegal Hardwood Imports-Largest Lacey Act Penalty Ever Lumber Liquidators Inc. Sentenced for Illegal Importation of Hardwood and Related Environmental Crimes - Flooring Company to Pay $13 Million, Largest Lacey Act Penalty Ever. Lumber Liquidators Inc. was sentenced in federal court and will pay more than $13 million in criminal fines, community … [Read more...]