Little shop of compliance horrors!
A sleepy Maryland town, a small lab, and one terrifying export compliance mistake that spiraled out of control. Read more…| Export Solutions, Inc.
A sleepy Maryland town, a small lab, and one terrifying export compliance mistake that spiraled out of control. Read more…| Export Solutions, Inc.
Each quarter, I send my clients a trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. If you would like to be added to the distribution list, please email me at Matt@stankielaw.com. In addition to a variety of ad hoc designations, below is a summary […] The post Quarterly Trade Compliance Update – November 2025 appeared first on Stankie Law.| Stankie Law
With the continued rise in remote work, companies now face a unique vector for potentially significant sanctions risks that continues to catch even the most vigilant companies off guard. This threat comes from the Democratic People’s Republic of Korea “DPRK” or “North Korea”) and its deployment of IT and software development workers to generate illicit […] The post Navigating OFAC Sanctions Risks From North Korean Remote Workers appeared first on Stankie Law.| Stankie Law
On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued full blocking sanctions on Open Joint Stock Company Rosneft Oil Company (“Rosneft”) and Lukoil OAO (“Lukoil”) pursuant to Executive Order 14024. This marks a significant escalation in pressure on the Russian Federation by adding Russia’s two largest […] The post OFAC Increases Sanctions on Rosneft and Lukoil, Adding Both to the SDN List appeared first on Stankie ...| Stankie Law
On September 20, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with ShapeShift AG, which was formerly a prominent cryptocurrency exchange. The company agreed to pay $750,000 to settle its potential civil liability stemming from violations related to multiple sanctions programs. Over the course of nearly […] The post Cryptocurrency Compliance Lessons from ShapeShift’s OFAC Sanctions Violations appeared first o...| Stankie Law
On September 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued its “Reminder to File the 2025 Annual Report of Blocked Property.” Entities or persons subject to the reporting requirement under 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (“RPPR”) must submit a comprehensive report of […] The post Reminder to file your 2025 Annual Report of Blocked Property With OFAC: Due date September 30, 2025 app...| Stankie Law
On September 3, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Fracht FWO Inc. (“Fracht”) to settle apparent violations of multiple sanctions programs. Fracht, an international freight forwarder headquartered in Houston, TX, agreed to pay $1,610,775 as a settlement after the company contracted with an […] The post Fracht FWO Inc. Fined $1.6 million for ‘Reckless Disregard’ of OFAC Sanctions appeared...| Stankie Law
Each quarter, I send my clients a trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. In addition to a variety of ad hoc designations, below is a summary of key events this past quarter: Click here to download the quarterly update for July. Additionally, […] The post Quarterly Trade Compliance Update – July 2025 appeared first on Stankie Law.| Stankie Law
On July 8, 2025, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement with Harman International Industries, Inc. (“Harman”) for $1,454,145 to settle potential civil liabilities stemming from eleven apparent violations of the Iranian Sanctions Program. Harman, a Connecticut-based audio electronics company, ultimately shipped its products to Iran […] The post OFAC Fines Harman International $1.4 Million for Iran Sanctions ...| Stankie Law
On July 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Interactive Brokers LLC (“Interactive Brokers”) violations of multiple U.S. sanctions programs. OFAC identified 12,367 apparent violations from programs including OFAC’s Russia, Venezuela, Syria, and Global Magnitsky sanctions programs, as well as the Chinese Military-Industrial […]| Stankie Law
AI and automation are redefining global trade compliance. See what’s new in 2026 and how your business can stay compliant and competitive.| Be Informed
Discover how AI in trade compliance enhances, not replaces, your role. Read to learn how to thrive in the digital compliance landscape.| Be Informed
Your cargo might be cleared. But is your customer? We all know shipments move fast, but mistakes move faster. And when it comes to trade compliance, one missed name on a denied party list can bring everything to a halt. Denied party screening isn’t just a legal formality. It’s your line of defence against doing […]| Be Informed
Major penalties highlight compliance risks. Read more...| Export Solutions, Inc.
Understand the difference between HS and HTS codes, and why correct classification is critical for compliance, and smooth cross-border trade.| Be Informed
One of the most critical components of this process is the proper classification of goods under the Harmonized Tariff Schedule (HTS).| Export Solutions, Inc.
It has been a crazy and volatile year when it comes to import tariffs. From the tariffs threats to the implementation to the pauses on certain tariffs, you never know what you are going to wake up to from one day to the next. Last week was no different. On May 28, the US Court... The post IEEPA Tariffs Struck Down by CIT appeared first on Export Solutions, Inc..| Export Solutions, Inc.
Ok, I know I told you all last post we were going to talk about exceptions and exemptions, and you were probably super excited to read my deep dive into how to take advantage of them, but I changed my mind. Yes, cue the cliché about “women changing their minds” but seriously, something else has... The post Talk to Me – Tariff Terror appeared first on Export Solutions, Inc..| Export Solutions, Inc.
By now, we have all seen the updates to the Boycott Requester List from the Department of Commerce’s Bureau of Industry and Security (BIS), with the most recent update on April 3, 2025. This blog aims to address the fundamental question: What exactly is this list, and more critically, what are the implications if an... The post What is the Boycott Requester List Anyway? appeared first on Export Solutions, Inc..| Export Solutions, Inc.
On March 12, 2025, President Trump’s administration is set to implement expansions to the Section 232 tariffs on steel and aluminum.| Export Solutions, Inc.
Explore how tariffs impact imports and exports, their goals, and the potential benefits and drawbacks for businesses. Read More...| Export Solutions, Inc.
With the new administration , are there going to be tariff increases on day 1? Can Trump increase tariffs without Congress's approval?| Export Solutions, Inc.
Following the latest of a number of tariff-related announcements, President Donald Trump has officially confirmed that 25 percent tariffs will be imposed on all steel and aluminium imports into the US beginning March 12, 2025. The tariffs will also be expanded to include derivative steel articles once the Department of Commerce has implemented “adequate systems”| Import and Trade Remedies Blog
US tariffs on imports of Chinese-origin products went into effect at 12.01am ET on February 4, 2025, with 10% duties being imposed on all imports of Chinese-origin goods. The executive order implementing the tariffs directs that in addition to imposing 10% tariffs on all goods of Chinese origin, low-value shipments of Chinese-origin goods are no| Import and Trade Remedies Blog
