WorldECR | BIS says voluntary disclosures are “significant”
Home > information > U.S. Commerce Department says voluntary disclosures "significantly reduce" anti-boycott penalties The U.S. Bureau of Industry and Security (“US BIS”) announced on August 26 that it has imposed a $44,750 civil penalty on Streamlight, Inc. (Streamlight), a global manufacturer of portable lighting products located in Eagleville, Pennsylvania, to resolve three alleged violations of the anti-boycott provisions of the Export Administration Regulations (EAR). The court said Streamlight "voluntarily disclosed the conduct to BIS, cooperated with the BIS Office of Antiboycott Compliance (OAC) in its investigation, and implemented remedial measures after discovering the conduct, all of which resulted in a significant reduction in the penalty." BIS said a proposed charging letter alleges Streamlight “violated the antiboycott provisions of the EAR by providing information about business relationships with boycotted countries or blacklisted persons without reporting requests for restrictive trade practices or foreign boycotts against countries friendly to the United States,” specifically that the company “participated in a trade show in…
7 Tips for Submitting Prior Disclosures to CBP
All parties involved in importing merchandise into the United States, such as importers, customs brokers, exporters, shippers, and foreign suppliers and manufacturers, may file a Prior Disclosure (PD) with Customs and Border Protection (CBP) to voluntarily disclose certain false statements, acts, or omissions in violation of 19 USC § 1592. By doing so, these parties may receive reduced penalties for filing a PD.Here are seven tips for submitting prior disclosures to U.S. Customs and Border Protection: Performance data must be submitted in written formWhile oral disclosure is permitted, CBP's 19 CFR 162.74 requires that oral disclosures must be followed by a written statement within 10 days. If you decide to tell CBP verbally first, it is recommended that you keep a detailed written record of who you spoke with, what you suggested to CBP, and then make sure to summarize these in writing within 10 days of the discussion. Follow the checklist to ensure your PD has all the required…
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