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New U.S. Sanctions Placed on Russia

The United States has blocked the property of, and placed sanctions on, individuals, entities, and parts of the Russian government that engaged in cyber-attacks and disruption of gas or energy supplies to Europe and Asia., click here.

U.S. Department of Commerce to Delay Aluminum Import Monitoring Program

The U.S. Department of Commerce will be delaying the implementation of the Aluminum Import Monitoring Program and the associated required information to be filed for importation of aluminum products., click here.

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control ("OFAC") and UniControl, Inc.

US company agrees to pay $216,464 to settle its potential civil liability for ignoring “red flags” related to exports of its products to Europe that were eventually re-exported to Iran., click here.

Official Notifications of the Suspension of Additional Duties on EU and UK Alcohol, Food, and Airplanes

The Office of the United States Trade Representative published its official notifications regarding the temporary suspension of additional duties on various EU and UK commodities for a period of four months effective March 11, 2021 and March 4, 2021, respectively. This suspension includes items such as alcohol, food, and large civilian aircraft currently involved in the ongoing Airbus and Boeing disputes., click here.

U.S. and Europe Will Suspend Tariffs on Alcohol, Food and Airplanes

The Office of the United States Trade Representative published a press release announcing that the United States and European Union have agreed to the temporary suspension of retaliatory tariffs currently levied on a number of commodities, including, but not limited to, wine, liquor, food, and large civilian aircraft currently involved in the Airbus and Boeing dispute., click here.

The Office of Foreign Assets Control Sanctions List Search Upgrade

The Office of Foreign Assets Control announced that it has upgraded its sanctions list search tool with fuzzy logic to improve the search results and make it more responsive to the user. To review this notice in its entirety, click here.

U.S. Trade Representative Announces Tariff on French Merchandise

On July 10, 2020, the Office of the United States Trade Representative ("USTR") announced a 25 percent tariff on $1.3 billion worth of French merchandise, including cosmetics and handbags, after a digital service tax was levied against U.S. Tech Companies. To review this notice in its entirety, click here.

Merchandise Processing Fee (“MPF”) Increase

U.S. Customs and Border Protection to increase various fees effective October 1, 2020, including raising the minimum Merchandise Processing Fee from $26.79 to $27.23 and increasing the maximum Merchandise Processing Fee from $519.76 to $528.33. To review this notice in its entirety, click here.

Country of Origin Marking of Products of Hong Kong

U.S. Customs to require that, unless excepted, goods produced in Hong Kong must be marked to indicate that the origin is “China.” To review this notice in its entirety., click here.

The U.S. Securities and Exchange Commission Charges Consumer Loan Company With Foreign Corrupt Practices Act Violations

The U.S. Securities and Exchange Commission (“SEC”) announced that World Acceptance Corporation, a consumer loan company, has agreed to pay $21.7 million to resolve charges of violating the Foreign Corrupt Practices Act (“FCPA”). Contact us and ask how we can help you with any questions or concerns relating to the FCPA. To review this notice in its entirety, click here.

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