Logistics Viewpoints
JULY 17, 2023
For example, it can look like imports from China are cheaper than the same goods imported from Mexico if a company is not relying on analysis produced by an advanced good global trade compliance (GTC) system. In addition to using a GTC as part of a landed cost analysis, GTC solutions help companies adhere to restricted party lists.
Logistics Viewpoints
AUGUST 14, 2023
This action was brought by the Office of Foreign Assets Control which is an enforcement agency of the U.S. Treasury’s Office of Foreign Assets Control 50 Percent Rule imposes sanctions on companies with combined ownership by “blocked” parties of 50 percent or more. Treasury Department. For example, the U.S.
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Logistics Business Magazine
MAY 6, 2021
However, there are asset control tools as software platforms that make these tasks easier, if not automated themselves, such as Visualization Module, a product from viastore for visualising warehouse equipment status. Trends of the global warehouse automation market.
Shipping and Freight Resource
APRIL 29, 2020
In the US there is a special body responsible for control over the above issue: Office of Foreign Assets Control of the US Treasury Department (OFAC). A certain list of entities being subject to sanctions (SDN List) is officially published at the OFAC website.
MTS Logistics
NOVEMBER 15, 2024
Treasury Department’s Office of Foreign Assets Control (OFAC) announced the sanctions yesterday, November 14th. The Biden Administration is taking action in the waning days of the administration, with a new presidential administration taking office in just over two months.
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