International Trade Administration Announces $1.4 Million in Awards to Increase Exports On September 11, 2015, the International Trade Administration (ITA) announced a total of $1.4 million in awards as part of the Market Development Cooperator Program for the five following projects: Healthcare - $225,267 to help the healthcare industry produce exports to Brazil, China … [Read more...]
$3.5 Million Fine for Illegal Exports to Multiple Countries
$3.5 Million Fine for Illegal Exports to Multiple Countries The U. S. Department of Commerce - Bureau of Industry and Security (BIS) imposed a $3.5 million penalty on Streit USA (South Carolina), Streit Group (UAE), Streit Middle East (UAE), and two corporate officers. They sold U.S. -origin vehicles retrofitted with ballistic steel and bullet proof glass to various … [Read more...]
AES: Reporting Consolidated Shipments
AES: Reporting Consolidated Shipments The first step is to determine how many AES transactions to file. Is there one shipment or multiple? In other words, will one ITN (Internal Transaction Number) be needed or more? The “One Rule” will help us figure this out. According to the “One Rule,” filing is required if goods are shipped: from ONE USPPI (U.S. … [Read more...]
OFAC – $1.7 Million Penalty Against Bank for Processing Transactions for Sanctioned Entity
OFAC - $1.7 Million Penalty Against Bank for Processing Transactions for Sanctioned Entity The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a $1,700,100 settlement with UBS AG (UBS) - financial institution headquartered in Switzerland. UBS agreed to settle its potential civil liability for 222 apparent … [Read more...]
Delayed – Mandatory Use of ACE for Entry/Entry Summary Filing
Delayed - Mandatory Use of ACE for Entry/Entry Summary Filing From CBP - CSMS: Updated Timeline for Mandatory Transition to ACE for Electronic Entry and Summary Filing Executive Council, and the White House, U.S. Customs and Border Protection has been actively tracking and assessing stakeholder readiness for the mandatory filing of all electronic entry and entry … [Read more...]