What is a certificate of origin? A certificate of origin (CO) is a goods accompanying document that certifies the non-preferential origin of your goods/parts. It is attached to your goods along with other documents containing information about your goods, such as the...
The international list of goods, known as the Harmonized System (HS), is about to undergo its next major reform. However, unlike usual, the update will not take place after 5 years, but only after 6 years. We summarize for you, what is behind the postponement to HS...
Update 2025: Stricter regulations and expanded dual-use goods list In December 2020, China passed a new export control law that has been in force since December 1, 2020. The law regulates the export of dual-use goods, military goods, and other controlled items from...
What is an arms embargo? Information and tips for dealing with arms embargoes The significance of arms embargoes Particularly in connection with Russia's current war against Ukraine, arms exports and restrictions on them have once again become a topic of public...
Whether you are a financial services provider, an export-oriented SME or a large corporation, compliance with sanctions regulations is an integral part of modern compliance strategies. Automated sanctions list screening plays a central role in this. This is because...
Basics of the “Know Your Customer” (KYC) principle “Know Your Customer”, or KYC for short, is a procedure for identifying business partners and customers that is designed to prevent criminal activities such as money laundering and terrorist financing. This makes the...
What does compliance mean? The English term “compliance” generally describes behavior that conforms to the rules. However, compliance means more than just adhering to the rules. The degree of compliance is also very important. “Compliant” is anyone who adheres to the...
Customs tariff and customs tariff number - Explanation of terms The most important instrument of customs policy is the customs tariff and the customs tariff number. These are each subject to a tariff scheme. Only when the codes and numbers of the tariff schedule have...
Military End User List (MEU-List) On December 23, 2020, the U.S. Bureau of Industry and Security (BIS) added a new sanctioned party list to the Export Administration Regulations (EAR): the Military End User List (MEU). This can be found in Supplement No. 7 to Part 744...