News Update

05
Jan

e-allegations; Beware of Whistleblowers

wblowerThe U.S. Government has relied heavily on whistleblowers to help them find instances of fraud involving various U.S. laws, rules and regulations. One of their most successful tools to help get information from whistleblowers has been the e-allegations website where criminal activity and trade violations. The number of cases prosecuted because of information reported by whistleblowers via e-allegations has been growing and tens of millions in penalties have been assessed due to these actions. Companies need to take steps to protect themselves from this growing risk.

One area of great concern for importers involves Trade Remedy Laws including anti-dumping and countervailing duty cases. A number of imported products are subject to high duties under Trade Remedy Laws and the enforcement of these laws has become a focus point for U.S. Customs and the U.S. Department of Justice. The Enforce and Protect Act (EAPA) has been in the news of late and is a key component of the government's efforts to crackdown on trade law violations. Considering the large duties and penalties that may be collected through these enforcement actions it's no wonder EAPA is a priority.

You can find more information about EAPA and e-allegations HERE.

So what can a company do to protect themselves? The first step is to do a compliance assessment to ensure your imported products are in compliance with all applicable laws, rules and regulations. Ignorance of the law is never an excuse and importers are expected to exercise due diligence and reasonable care in all the import transactions. By acting now importers can address any potential issues before they are brought up in an enforcement action by U.S. Customs. "An ounce of prevention is worth a pound of cure" especially in this instance.

For more information about this important issue or to get a quote for assistance in conducting a compliance audit please contact TradeLogic International at info@tradelogicintl.com.

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