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Why contractor pricing misconduct seems to endure perpetually

Federal News Network

The company is under Justice Department investigations for defective pricing, foreign bribery and violations of the Arms Export Control Act. And I don’t believe we’re using that power effectively to drive the best prices. government acquires it for purposes of exporting. Tom Temin Right. Tom Temin Right.

Price 59
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International Trade Enforcement Roundup – January 2024 Update

GovCon & Trade

First, the Commerce Department’s Bureau of Industry and Security (BIS) expanded export controls on certain goods for Russia and Belarus. Israeli citizen was arrested for illegally exporting thousands of U.S. Second, a U.S.-Israeli microelectronics to Russia. There were two notable actions involving Iran this month. Also, a U.S.

Export 147
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2025 Canadian Trade Outlook: Trade Remedies

Import and Trade Remedies

Before we dive into the export controls outlook, here is an overview of the current state of politics in Canada, which includes a discussion of the legislative powers that remain while Canadian Parliament is prorogued until March 24, 2025. This data illustrated an increasing share of imports for this particular exporter.

Export 52
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Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

The DOJ also alleges that Raytheon violated the FCA as it “provided untruthful certified cost or pricing data when negotiating prices with the DOD for numerous government contracts and double billed on a weapons maintenance contract.” $428 428 million of the total $950 million DOJ settlement stems from the FCA violations.

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South Africa: Formalising transfer pricing and customs valuation procedures in South Africa

Import and Trade Remedies

The proposed Rules are intended to formalise the process for reporting transfer pricing adjustments impacting customs values declared to SARS at the time of importation. supporting documents) from the exporter. supporting documents) from the exporter. Public comments on the proposed rules close on 9 February 2024.

Price 45
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The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

They worked very hard to ensure the export documentation for all the products was correct including the stuffing in the crate and the crate itself. All products were correctly classified through the customs HS classification system for export. They discuss the price the employee pays for their due diligence. The risk is high.

Ethics 98
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Canada initiates consultation on trade measures in response to surplus supply of Chinese EVs

Import and Trade Remedies

Business Impact Canadian’s alignment of its foreign trade policy with the US and the EU on Chinese EVs may create risk for Canadian businesses exporting to, or doing business in, China.