By
Adrianne Appel2024-03-12T19:33:00
Ford Motor Co. agreed to pay $365 million to settle charges levied by the Department of Justice (DOJ) that the automaker purposefully dodged import duties for years by mislabeling and undervaluing hundreds of thousands of cargo vans it brought into the United States from Turkey.
The settlement resolves allegations discovered through an investigation by the DOJ’s Trade Fraud Task Force, which partnered with Customs and Border Protection (CBP), the DOJ announced in a press release Monday.
The penalty is one of the largest negotiated by the CBP. Ford argued in settlement negotiations that after the CBP allowed a certain number of vans to enter the United States as passenger vans, it constituted an established and usual practice and that the CBP was in violation by reclassifying the vans to cargo vans.
2024-02-27T12:25:00Z By Kyle Brasseur
Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
2023-12-11T19:27:00Z By Kyle Brasseur
Five agencies of the U.S. government combined to issue best practices guidance for entities in the maritime and other transportation industries to help reduce risk of sanctions and export control violations and evasion efforts.
2023-09-28T19:32:00Z By Jeff Dale
The Department of Homeland Security designated three companies to a growing list accused by the Biden administration of forced labor practices in the Xinjiang region of China.
2025-12-11T21:18:00Z By Ruth Prickett
Global organised crime is booming, and only 1 to 2 percent of the $4 trillion black economy is intercepted, according to figures from the Financial Action Task Force. Its new guidance suggests that countries should focus on rapid investigations, collaborative intelligence gathering, and confiscating the proceeds of criminal activity.
2025-12-11T21:14:00Z By Oscar Gonzalez
Paxful, a crypto peer-to-peer network, will plead guilty to multiple federal criminal charges related to violations of the Bank Secrecy Act (BSA), among others. The plea agreement follows years of scrutiny from regulators over anit-money laundering (AML) compliance failures.
2025-12-09T20:40:00Z By Ruth Prickett
A compliance officer is facing charges for laundering $7 million in a complex legal case in Switzerland. Swiss prosecutors have charged Credit Suisse, and one of its former employees, with failing to maintain adequate controls.
Site powered by Webvision Cloud