Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th,...
Transcript of Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th,...
![Page 1: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/1.jpg)
www.gray-robinson.com
38th International Precious Metals Conference
June 7th, 2014- June 10th, 2014JW Marriot Grande Lakes Resorts and Spa
Orlando, Florida
Speaker: Peter Quinter
![Page 2: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/2.jpg)
www.gray-robinson.com
Peter Quinter, Chair
Customs and International Trade Law GroupGrayRobinson, P.A.
(954) 270-1864
[email protected]: Peter.Quinter1
Miami, Florida
Contact Information
![Page 3: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/3.jpg)
www.gray-robinson.com
Gold, U.S. Customs and Money Laundering –
What is the Connection?
![Page 4: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/4.jpg)
www.gray-robinson.com 4
Do you have questions about importing/exporting?
http://www.grcustomslaw.com
![Page 5: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/5.jpg)
www.gray-robinson.com 5
![Page 6: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/6.jpg)
www.gray-robinson.com 6
United States District Court for the Southern District of Florida
United States of America vs.
Natalie Ladin and Jed Ladin
![Page 7: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/7.jpg)
www.gray-robinson.com 7
![Page 8: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/8.jpg)
www.gray-robinson.com 8
Criminal Charges
1.Entering goods into the United States by means of
false statements in violation of 18 USC 545.
2.Smuggling in violation of 18 USC 545.
3.Conspiracy to commit money laundering, in
violation of 18 USC 1956.
4.Conspiracy to smuggle , in violation of 18 USC 371.
![Page 9: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/9.jpg)
www.gray-robinson.com 9
Trade Based Money Laundering
- a means of transferring money from the United States to foreign countries via the purchase of foreign gold on other precious metals or general merchandise from overseas.
![Page 10: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/10.jpg)
www.gray-robinson.com 10
Bank Secrecy Act
PATRIOT Act
FINCEN
![Page 11: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/11.jpg)
www.gray-robinson.com 11
![Page 12: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/12.jpg)
www.gray-robinson.com 12
![Page 13: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/13.jpg)
www.gray-robinson.com 13
![Page 14: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/14.jpg)
www.gray-robinson.com 14
![Page 15: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/15.jpg)
www.gray-robinson.com 15
Allegation• Trade based money laundering
• Undervaluation of gold imports
• Overpayment for foreign seller for gold imports
![Page 16: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/16.jpg)
www.gray-robinson.com 16
Importer Declared $6,451,904 in gold scrap shipments
Importer wired $24,317,665 to foreign seller of the scrap gold
Overpayment of $17,865,761
![Page 17: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/17.jpg)
www.gray-robinson.com 17
• Declared value $187,673 according to commercial invoice of foreign shipper
• Assayed spot price value according to CBP $697,036
• Undervalued by 73%
• Upon conviction 20 years of imprisonment for each violation
![Page 18: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/18.jpg)
www.gray-robinson.com 18
Harmonized Tariff Schedule of the United States
Chapter 71Natural or Cultured Pearls, Previous or semiprecious stones, precious metals, metals clad with previous metal, and articles thereof; imitation jewelry; coin
The term “precious metal” means- silver, gold, or platinum.
![Page 19: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/19.jpg)
www.gray-robinson.com 19
Imported Silver, Gold, and Platinum enters the United States
DUTY FREE
• No Customs duties or fees are paid to
U.S. Customs and Border Protection
![Page 20: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/20.jpg)
www.gray-robinson.com 20
U.S. Customs Entry Requirements
1. Value
2. Country of Origin
3. Description
4. Tariff Classification
![Page 21: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/21.jpg)
www.gray-robinson.com 21
CBP Advance Ruling Procedures
Question:
how to properly value and declare to CBP scrap jewelry imported on consignments
Answer:
initially declared insurance value, then after assaying and determining a price, amend the declaration to CBP to reflect the actual price paid
![Page 22: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/22.jpg)
www.gray-robinson.com 22
CBP Seizure Process
• Notice of Detention• Notice of Seizure from CBP Fines,
Penalties, and Forfeitures office
![Page 23: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/23.jpg)
www.gray-robinson.com 23
30 Days to Respond
• 4 Options
– File a petition– Claim and cost bond– Abandonment– Offer in compromise
![Page 24: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/24.jpg)
www.gray-robinson.com 24
How a Typical Seizure Case Commences with U.S. Customs and Border
Protection:• U.S. Customs finds a violation, and places
the merchandise on hold for “intensive examination”.
![Page 25: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/25.jpg)
www.gray-robinson.com 25
What Type of Merchandise is Subject to Seizure?
• Prohibited Merchandise (Counterfeit, Controlled substances)
• Restricted Merchandise (CPSC, FDA, Quota)• Undeclared, unreported or smuggled merchandise
(non-reporting of currency over 10,000) • Goods which aid or facilitate the illegal importation of
merchandise
![Page 26: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/26.jpg)
www.gray-robinson.com 26
FP&F Refers certain cases to CBP’s Headquarters
• Cases are sent to Chief, Penalties Branch, Regulations & Rulings, Office of International Trade
• Value of the merchandise is over $100,000.• Novel or complex issues concerning a Ruling, policy or procedure.• HQ Recommendation sent to FP&F and Final Decision issued by
FP&F.
![Page 27: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/27.jpg)
www.gray-robinson.com 27
Currency Seizures
![Page 28: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/28.jpg)
www.gray-robinson.com 28
![Page 29: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/29.jpg)
www.gray-robinson.com 29
Penalty Authority
• U.S. Customs Statutory authority to issue penalties is from Title 19 U.S.C. § 1592 for: Fraud Gross Negligence Negligence
• 19 CFR Part 171 Appendix B Offer in Compromise
![Page 30: Www.gray-robinson.com 38 th International Precious Metals Conference June 7 th, 2014- June 10 th, 2014 JW Marriot Grande Lakes Resorts and Spa Orlando,](https://reader030.fdocuments.us/reader030/viewer/2022032702/56649cc55503460f9498f71c/html5/thumbnails/30.jpg)
www.gray-robinson.com
Peter Quinter, Chair
Customs and International Trade Law GroupGrayRobinson, P.A.
(954) 270-1864
[email protected]: Peter.Quinter1
Miami, Florida
Contact Information