Today, Valentine’s Day, is one day of the year when we most look forward to receiving emails and snail mail containing expressions of regard and even love.
My “love letter” to you is to highlight some mail that, as an international trader, you don’t want to ever receive:
Warnings from US Customs & Border Protection (CBP) Agency
In this previous post we discussed some of the top concerns of customs compliance managers:
Senior managers/owners are often prepared to take short cuts with customs requirements and gamble that the company either won’t get caught or have to pay a small fine. What such companies fail to realize is that in the electronic age one penalty can lead to the company being flagged for more frequent and more intrusive examinations at the border. Suddenly, entries are being more closely examined. Shipments that used to sail through customs are being held for inspection. The company has lost its immediate delivery privileges, to be followed shortly by its reputation.
I have too many clients who ignored that first warning notice from CBP. By the time they came to me, they were in serious trouble! Don’t let that be you.
Sanction Notices from the US Department of Treasury
The US Department of Treasury oversees the sanctions programs that prohibit or limit the countries or persons with which US companies can legally do business. In these posts we discuss some of these sanctions and penalties:
- Is it safe to trade with Iran?
- Can you sell apples to Cuba?
- Why ING Bank had to pay $619 million in fines.
Warning Letters from the US Department of Justice
In this post, we discuss Why Wal-Mart got in trouble.
I hope you’ll always be happy to hear from me. Please contact us if we can assist you or answer any questions or concerns.
Happy Valentine’s Day!
DevelopTradeLaw, LLC provides business-oriented advice to the legal challenges that face companies doing business internationally. Contact us for more information or advice on the topic of this article.