Import fraud isn't just a financial slap on the wrist anymore; it's a potential federal crime.
In this Simply Trade Episode, we get into the latest Department of Justice enforcement strategies with trade law expert EJ Thomas, who reveals how companies can navigate complex import regulations, avoid criminal prosecution, and protect their bottom line from devastating penalties. Learn insider strategies for compliance, understand emerging trade risks, and discover why proactive documentation could be your best defense in today's high-stakes global trade landscape.
Key Topics Covered:
Department of Justice's Criminal Enforcement Priorities
Customs Fraud and Tariff Evasion Risks
USMCA Compliance Challenges
Tariff Engineering and Legal Strategies
Key Insights:
Criminal penalties for import fraud now range from 2-20 years in prison
Proactive compliance is crucial to avoid potential investigations
Companies must develop comprehensive written import procedures
Customs can investigate entries up to 5 years after initial clearance
👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/
Actionable Takeaways:
Implement detailed import compliance procedures
Seek expert rulings on complex classification changes
Maintain thorough documentation for all import entries
Understand the full scope of potential enforcement actions
Expert Quote: "Most importers are trying to do the right thing. The biggest defense is having written procedures in place and demonstrating that you follow them." - EJ Thomas
Connect with EJ: https://www.mmmlaw.com/people/edward-j-thomas/
In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬
Recommended Resources:
Check out these courses we offer here at GTC! 👀🌎
📩Importing https://globaltrainingcenter.com/importing-procedures/
😵💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/
🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/
👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/
Connect with Simply Trade Podcast:
- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g
- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/
- Twitter: https://twitter.com/SimplyTradePod
- Website: https://globaltrainingcenter.com/simply-trade-podcast/
Contact Us/ Suggest Topics
Contact: SimplyTrade@GlobalTrainingCenter.com
Credits:
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
