Upcoming Webinar: Building an Export Management and Compliance Program
American Shipper is hosting an upcoming webinar, “Building an Export Management and Compliance Program.” Sponsored by Management Dynamics (in partnership with BPE), the webinar will take place on July 28th at 2 pm ET. The hour-long round table discussion will include the following expert panelists:
- Beth Peterson, President of BPE
- Joe Burks, Director of Trade Compliance for Cooper Industries
- Nathan Pieri, VP of Product Development and Marketing for Management Dynamics
These experts will discuss best practices for developing your company’s Export Management and Compliance Programs, including:
- Strategic value of your EMCP
- The core elements of an effective EMCP
- The steps required to build an EMCP
- Sharing your strategy with your C-level superiors
Learn how your company can implement processes and systems that ensure compliance with the Export Administration Regulations (EAR). Best of all – it’s FREE! Sign up today.
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Japanese Police Arrest Two People For Export Violation
On Tuesday, Japanese police arrested two people for the export of cosmetics, clothes and food into North Korea. This is a trade ban violation between Japan and North Korea, states the Strait Times, a Singapore publication.
Last year, Noriko Nakanishi, 62, an export executive, and her colleague Masaki Ikeyama, 73 shipped cosmetics via China into North Korea, and in August shipped clothing and food.
Since 2006, Japan has enforced the United Nations ruling of the ban of luxury goods, and in June, Japan declared a total trade ban to North Korea.
No information was given as to the next steps for the violators.
To read more, click here.
Man Sentenced to Prison for Export Conspiracy
According to the U.S. Bureau of Industry and Security (BIS), violations for trading with a restricted party can result in administrative fines of up to $120,000 or criminal penalities such as ten years of imprisonment and $1 million per violation. In 2006 alone, BIS issued over $16 million in fines to U.S. companies for violating export regulations.
For example, the owner of a Florida company has been sentenced to 35 months in federal prison for illegally exporting miltary and commerical aircraft parts to Iran.
According to the indictment and statements and documents contained in court filings, Bujduveanu received orders by email from Keshari requesting specific aircraft parts for buyers in Iran. Bujduveanu then provided quotes, usually by e-mail, to Keshari. After the receipt of payment for the parts from Keshari, Bujduveanu then shipped the parts to a company in Dubai through the use of false or misleading shipping documents. From Dubai, the parts were then shipped on to the purchasers in Iran.
The co-conspirator plead gulity to 1 count of conspiracy to violate export control laws. He was sentenced to 17 months in federal prison.
It is ever more important with today’s heightend security to stay compliant and not to do transactions against restricted parties. Learn how to improve compliance by downloading a free white Paper, Six Best Practices to Improve Compliance with a Restricted Party Screening Solution
To learn more about this story, check out International Trade Law News.