InterTradeTalk

In reviewing Bank Secrecy Act filings, the Financial Crimes Enforcement Network of the U.S. Department of Treasury identified up to a $1 billion worth of transactions that could have evaded Russia-related export controls and sanctions between 2016 and 2022. Financial institutions that submitted the Bank Secrecy Act reports flagged the transactions as being suspicious based on its review of the transaction information, bills of lading, invoices, and additional research conducted., click here.

Mexico is imposing temporary duties between 5% and 25% on almost 600 tariff classifications for products originating from countries with which it does not have a free trade or preferential agreement. The decree and list of impacted tariff classifications may be found at the link provided, click here.

Just a reminder to register for our upcoming live webinar on July 12, 2023 - Current Status of Audits of IMMEX Companies. Registration for this event will take no more than 60 seconds of your time. , click here.

According to the U.S. Department of Commerce, Mexico is the largest export market for U.S. automotive parts and the fourth-largest producer of automotive parts worldwide. Supporting this robust manufacturing sector is a Mexican government program called Industria Manufacturera, Maquiladora y de Servicios de Exportación (IMMEX). Companies in the automotive industry recognize that participation in the IMMEX program is an integral part of their supply chains and a way to take advantage of the many inherent program benefits. However, IMMEX operations have stringent requirements that are being audited by the Mexican authorities with greater frequency., click here.

If you haven't signed up yet, there is still time to register for our USMCA Advanced Boot Camp Training on April 27, 2023 from 1:30 - 3:00 PM EDT. Please join the experts with the Law Offices of Michael A. Capuzzi, P.A. for this informative webinar to be provided at no charge to you. , click here.