News / Warning as penalties for non-compliance with US import/export rules increase

The number of penalties for violations of the US Department of Commerce’s import and export rules has spiked over the past six months – and the cost of breaches is set to increase next week.

Among fines set to be hiked are those covering import or export of seafood and wildlife and violations of the foreign trade zone and the 2018 Export Controls Act.

While these increases are relatively minor, in many cases rising by just ...