CHINA: China cracks down on smuggling with over 5,700 cases investigated

Anti-smuggling departments of customs across China carried out a series of special campaigns targeting smuggling in 2024, investigating more than 5,700 cases, the Ministry of Public Security said.

About 64 percent of these cases were criminal and involved tax evasion, according to the ministry. The departments focused on key goods such as refined oil, cigarettes and frozen marine products.

As part of these efforts, customs in Fuzhou, Fujian province, cracked a major case of refined oil smuggling.

21 May 2024

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US: New Guidance On The Subsidiary Exemption Under The CTA’s Beneficial Ownership Information Reporting Rule

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