Publications for Jean G. Schtokal
In 2017, the U.S. Treasury Department Office of Foreign Assets Control (OFAC) assessed $119,517,845 in penalties and settlements for violations of U.S. economic sanctions.
In October and November of 1992, an insurance company called AXA Equitable Life Insurance Company issued a health insurance policy that provided coverage for certain individuals. The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), later in 2009, added parties to the list of Specially Designated Nationals and Blocked Persons (the “SDN List”).
Businesses receive online orders from international entities through their websites all of the time. It is important to have your team in place to investigate these offers and make sure they are legitimate requests and that you can legally fulfill the order, before too much time and too many resources are expended.
Jean G. Schtokal and Ida Farhat discuss the importance of knowledge covering U.S. export controls and the serious consequences that exporters can face if they are violated.
This guest column appeared in Issue 2: March-April 2014 of the New Market Developer published by the Michigan Department of Agriculture and Rural Development.
Michigan small businesses with 500 employees or less can apply for reimbursement of up to $25,000 of export costs pursuant to an initiative called the Michigan State Trade and Export Promotion (STEP) Grant Program.
Did you know that the Michigan Department of Agriculture and the Food Export Association of the Midwest offer a 50 percent cost reimbursement on certain pre-approved eligible international marketing and promotional activities for Michigan small to medium sized businesses?
Brazil should be part of your international growth strategy. Brazil is the fifth largest country in the world in terms of population and size.
Companies should exercise considerable care before making sales to purchasers based in certain foreign countries.