Illegal Textile Transshippers (592 List)
The Illegal Textile Transshippers (592 List) identifies entities involved in the non-compliant trade of textiles. These shippers engage in fraudulent practices, such as mislabeling goods or skirting regulations, which undermine fair competition and legal trade.
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2 Entities in Illegal Textile Transshippers (592 List)
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
Everlite Manufacturing Company | Company | Mar 4, 2024 | active |
Fairfield Line HK Co Ltd | Company | Mar 4, 2024 | active |
FAQs
Why is compliance with the Illegal Textile Transshippers (592 List) necessary?
Compliance with the Illegal Textile Transshippers (592 List) is crucial to uphold international trade standards and combat economic crime. Failure to adhere to these sanctions can result in severe penalties, including financial fines and legal repercussions. Moreover, ensuring compliance protects businesses from inadvertently supporting illegal activities, such as money laundering and human trafficking. By aligning with these regulations, organizations can foster a responsible and transparent supply chain, enhance their reputation, and contribute to the integrity of the global textile market.
Which companies should comply with Illegal Textile Transshippers (592 List)?
The Illegal Textile Transshippers (592 List) primarily targets companies in the textile and apparel industry. Manufacturers, distributors, and retailers dealing in textiles must comply to avoid severe penalties and sanctions. Non-compliance not only jeopardizes business operations but also risks reputational damage, as organizations are held accountable for their supply chain practices and adherence to ethical standards.
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