Sun, 22 Jun 2008
Compliance Surcharge
CK - Washington. Compliance after 9-11 has become cumbersome and expensive. In the early 1990s, some thought export controls would all but disappear. Instead, export controls grew, OFAC controls became far-reaching and 9-11 pushed restrictions and compliance obligations into foreign legal systems. The Obiter Dictum blog in Germany notes strange effects on ordinary business. Freightforwarders are now adding a compliance charge to their invoices. Massive changes in the technical infrastructure and updates of software to include embargo list cause one such company in Germany to levy a compliance surcharge of 2.65 Euros on each transaction.
© 2003-2008 German American Law Journal :: Washington USA
CK - Washington. Compliance after 9-11 has become cumbersome and expensive. In the early 1990s, some thought export controls would all but disappear. Instead, export controls grew, OFAC controls became far-reaching and 9-11 pushed restrictions and compliance obligations into foreign legal systems. The Obiter Dictum blog in Germany notes strange effects on ordinary business. Freightforwarders are now adding a compliance charge to their invoices. Massive changes in the technical infrastructure and updates of software to include embargo list cause one such company in Germany to levy a compliance surcharge of 2.65 Euros on each transaction.
© 2003-2008 German American Law Journal :: Washington USA
Recent Entries:
- German Reports:
