What are the odds of hitting nirvana with your business when it comes to taking it global?
In “17 Tips to Grow a Global Business,” I talked about what you need to do to grow your business beyond borders. Here, I offer you a slightly different twist — a variety of ways, a checklist if you will, for positioning your business for global success.
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Wholesaler Repeatedly Ignored Warning Signs That Its Importer Was Falsely Underreporting the Value of Garments Imported Into the United States Geoffrey S. Berman, the United States Attorney for the Southern District of New York, Angel M. Melendez, the Special Agent-in-Charge of the New York Field Office of Homeland Security Investigations (“HSI”), and Troy Miller, Director,…
In every organization—business, political, social, household—there is what’s often described as an unsung hero. An individual who plays a pivotal role but is often overlooked or uncelebrated within global organizations engaged in international trade. Perhaps one of the most under-celebrated and under-appreciated is the compliance manager. For the uninitiated, a trade compliance manager is someone who deals…
Washington, DC – An economic study by a leading research firm concludes that U.S. Foreign-Trade Zones (FTZs) have a positive impact on employment growth, wage growth, and value-added growth in American communities. Compared to similar communities without FTZs. The study, “The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities,” was conducted by the Trade…
U.S. Company Pays $7.59 Million for Multiple Sanctions Violations The Treasury Department’s Office of Foreign Assets Control (OFAC) has announced that a U.S. company has agreed to pay $7.59 million to settle its potential civil liability for 65,942 apparent violations of multiple sanctions programs. The case involved an online digital asset trading and settlement platform…
If you’ve been tasked with getting your company’s import compliance under control, these five steps will get you quickly up-to-speed Taking on a new position at an importer usually means sifting through the remnants of your predecessor’s activities and policies and trying to come up with a way to work better, smarter, and faster. These goals aren’t always…
MasterCardBiz with Laurel Delaney One of the most important things to negotiate before closing on an export sale is how payment will be made. Short of asking for payment in advance, securing payment with a letter of credit is the next best option. Sure it’s a little more expensive–typically 1/8 of 1 percent of the…
