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.
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Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
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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.
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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.
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2025-12-09T14:32:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau’s Supervision Division introduced a new “humility pledge” last month that examiners will read aloud at the start of each oversight engagement. It’s another shift in how the organization handles itself under the Trump administration.
2025-12-03T17:18:00Z By Adrianne Appel
A San Francisco-based private equity firm has agreed to pay $11.4 million to settle allegations it violated U.S. sanctions rules by handling investments for a sanctioned Russian oligarch.
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