article thumbnail

The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to North Korea. But even here, Mr. Barraco explains, there is a difference between accidentally shipping goods to bad actors and “intentional violators.” Treasury Department. For example, the U.S.

Global 176
article thumbnail

Global Trade Compliance is a Massive Undertaking for Big Shippers

Logistics Viewpoints

This solution helps companies to automate their international trade compliance processes, manage partners and trade compliance-related documents, and ensure that their companies monitor and comply with the ongoing revisions and amendments to international legal requirements. Restricted Party Screening Challenges are Massive.

Global 159