June 12, 2025

Import Fraud Risks Could Land You in Prison

38 minutes

Import fraud isn't just a financial slap on the wrist anymore; it's a potential federal crime.

In this Simply Trade Episode, we get into the latest Department of Justice enforcement strategies with trade law expert EJ Thomas, who reveals how companies can navigate complex import regulations, avoid criminal prosecution, and protect their bottom line from devastating penalties. Learn insider strategies for compliance, understand emerging trade risks, and discover why proactive documentation could be your best defense in today's high-stakes global trade landscape.

Key Topics Covered:

Department of Justice's Criminal Enforcement Priorities

Customs Fraud and Tariff Evasion Risks

USMCA Compliance Challenges

Tariff Engineering and Legal Strategies

Key Insights:

Criminal penalties for import fraud now range from 2-20 years in prison

Proactive compliance is crucial to avoid potential investigations

Companies must develop comprehensive written import procedures

Customs can investigate entries up to 5 years after initial clearance

👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/

Actionable Takeaways:

Implement detailed import compliance procedures

Seek expert rulings on complex classification changes

Maintain thorough documentation for all import entries

Understand the full scope of potential enforcement actions

Expert Quote: "Most importers are trying to do the right thing. The biggest defense is having written procedures in place and demonstrating that you follow them." - EJ Thomas

Connect with EJ: https://www.mmmlaw.com/people/edward-j-thomas/

In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬

Recommended Resources:

Check out these courses we offer here at GTC! 👀🌎

📩Importing https://globaltrainingcenter.com/importing-procedures/

😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/

🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/

👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact: [email protected]

Credits:

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

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By Global Training Center

4.6

2222 ratings

June 12, 2025

Import Fraud Risks Could Land You in Prison

38 minutes

Import fraud isn't just a financial slap on the wrist anymore; it's a potential federal crime.

Key Topics Covered:

Department of Justice's Criminal Enforcement Priorities

Customs Fraud and Tariff Evasion Risks

USMCA Compliance Challenges

Tariff Engineering and Legal Strategies

Key Insights:

Criminal penalties for import fraud now range from 2-20 years in prison

Proactive compliance is crucial to avoid potential investigations

Companies must develop comprehensive written import procedures

Customs can investigate entries up to 5 years after initial clearance

👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/

Actionable Takeaways:

Implement detailed import compliance procedures

Seek expert rulings on complex classification changes

Maintain thorough documentation for all import entries

Understand the full scope of potential enforcement actions

Expert Quote: "Most importers are trying to do the right thing. The biggest defense is having written procedures in place and demonstrating that you follow them." - EJ Thomas

Connect with EJ: https://www.mmmlaw.com/people/edward-j-thomas/

In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬

Recommended Resources:

Check out these courses we offer here at GTC! 👀🌎

📩Importing https://globaltrainingcenter.com/importing-procedures/

😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/

🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/

👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod