STR Webinar: Stricter Rules Ahead: Preparing for Expanded Customs Enforcement Requirements
The recent Customs Enforcement executive order signals a significant shift in U.S. Customs attitude toward enforcement and compliance, with broad implications for parties involved in import transactions. With the forthcoming increase to importing requirements and punitive actions, including new importer of record (IOR) obligations, foreign importer restrictions, and heightened penalty standards, importers need to identify how to mitigate risk and avoid import disruption as these measures take shape.
In this webinar, STR professionals will provide practical guidance on how to assess your current import practices, identify potential risk areas, and prepare for the anticipated regulatory changes. This webinar will break down the key components of the executive order.
Key Topics:
- New distinctions between U.S. and foreign importers of record and the implications for existing structures
- Expanded disclosure, certification, and data submission requirements
- Enhanced enforcement focus areas, including forced labor, valuation, classification, and transshipment
- Changes to penalty mitigation standards and increased audit and enforcement activity
