Defendants Charged with Conspiracy: Wire Fraud, Identity Theft, and Misuse of AES From DOJ (Department of Justice): Defendant Mao Peng (age 25) of Kenosha, Wisconsin has been charged in a three-count criminal information with conspiring to engage in wire fraud, identity theft, and misuse of the United States’ Automated Export System to further criminal activity. Mr. Peng … [Read more...]
Russian Sanctions: Revisions/Clarifications for Crimea Region of Ukraine & Guidance on Transshipments
Russian Sanctions: Revisions/Clarifications for Crimea Region of Ukraine & Guidance on Transshipments On May 22, 2015, the US Government relaxed certain export and reexport controls imposed under US sanctions targeting the Crimea region of Ukraine (“Crimea”). OFAC (Office of Foreign Assets Control) issued a new General License authorizing the export or reexport from … [Read more...]
Incoterms 2010 Revisited
Incoterms 2010 Revisited We previously published an Incoterms Overview - A simple detailed guide to understanding Incoterms that includes images and charts. It explains the what & why as well as the letter's for each category of Incoterms - C, F, E, & D. The timing of Incoterms 2010 -> This latest version was launched in September 2010 but went into effect on … [Read more...]
Transition to ACE: Filers Urged to Start Testing
Transition to ACE: Filers Urged to Start Testing U.S. Customs and Border Protection has started issuing CSMS (Cargo Systems Messaging Service) messages to help the trade community prepare for the Nov. 1 deadline for mandatory filing of all electronic entries and corresponding entry summaries in the ACE (Automated Commercial Environment). Here is message from … [Read more...]
Four Companies and Five Individuals Indicted for Illegally Exporting to Iran
Four Companies and Five Individuals Indicted for Illegally Exporting to Iran From the DOJ (Department of Justice) press release: Seven Foreign Nationals and Companies Placed on Department of Commerce’s Entity List A 24-count indictment has been unsealed today charging four corporations and five individuals with facilitating the illegal export of high-tech microelectronics, … [Read more...]