The Treasury’s Office of Foreign Assets Control announced three settlements worth more than a combined $600 million with the German, Austrian and Italian branches of UniCredit Group banks, which violated multiple U.S. sanctions, OFAC said in an April 15 press release. The branches committed several violations of U.S.-imposed sanctions, including sanctions on Burma, Cuba, Iran, Libya, Sudan and Syria, OFAC said, and violated the Weapons of Mass Destruction Proliferators Sanctions Regulations. OFAC reached a roughly $550 million settlement with UniCredit Germany, a $20 million settlement with UniCredit Austria and a $37 million settlement with UniCredit Italy, an enforcement notice said.

Mexico will seek to crack down on corruption, triple duty collections and greatly reduce maritime port and Northern border wait times under a recently announced reform plan, General Administrator of Customs Ricardo Peralta Saucedo said in an interview with Mexican news agency Notimex posted by the Mexican Confederation of Customs Broker Associations on April 15.

It is unclear how China will enforce some of the regulations introduced in its new e-commerce law, according to an April 7 report published by the American Chamber of Commerce in Shanghai, leaving some foreign companies and small businesses uncertain about selling products to China online. Some foreign department stores that previously shipped online sales directly to China have already switched to large Chinese e-commerce platforms that import through a Chinese distributor, according to the report. Others, the report said, “have pulled out of the Chinese market entirely.”

The Treasury’s Office of Foreign Assets Control announced two settlements worth almost a combined $500,000 involving a United Kingdom-based oil and gas service provider, its subsidiaries and a New York-based global investment firm for violations of U.S.-imposed sanctions on Cuba and Iran.

The U.S., Mexico and several other countries expressed concern over the European Union’s plans for allocating its tariff-rate quotas after the United Kingdom’s planned withdrawal from the EU, at an April 11 meeting of the WTO trade in goods council, according to a Geneva-based trade official. “The current approach to Brexit TRQ negotiations is unacceptable and we are eager to engage [with the EU] to ensure our rights are maintained,” a U.S. representative said at the meeting.

Chinese Customs is requiring traders to declare dutiable royalties on customs forms within 30 days of payment effective May 1, according to a notice from KPMG. The notice called the announcement “one of the important measures taken by China Customs to enhance trade facilitation promoted by [the] World Customs Organization.”

Mexico’s Secretariat of Economy recently posted a new webpage with information on its scheme to validate compliance with Mexican product standards at the time of entry, said the Latin American Confederation of Customs Brokers (CLAA) in an April 8 circular. Under regulations issued in October, imports subject to some Mexican standards will be denied entry into Mexico beginning June 3, 2019, if they are not accompanied by a certificate of compliance previously entered into an automated system by the third-party certifier, the circular said.

Treasury’s Office of Foreign Assets Control announced two settlements totaling more than $650 million with a United Kingdom-based bank that allegedly violated U.S.-imposed sanctions on Cuba, Iran, Syria, Zimbabwe and now-repealed sanctions on Myanmar and Sudan, OFAC said in an April 9 notice. The announcement marked OFAC’s largest settlement amount since June 2014, when the agency reached a $963 million settlement with a bank that also violated sanctions on Cuba, Iran, Myanmar and Sudan.

The European Union and the U.S. have not formally begun the trade talks first agreed to last July, as the 28-member bloc still does not have a mandate to negotiate. Given that, many observers are doubtful negotiations could make substantial progress this year.

Export Compliance Daily is providing readers with some of the top stories for April 1-5 in case they were missed.