Part 5: Recordkeeping
Recordkeeping
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13m
Confidentiality regulations require that records remain private unless shared with customs officials or through a court order. Client consent can also permit disclosure. Compliance with regulations is crucial to avoid penalties.
#Code of Federal Regulations (CFR) Title 19
#Part 111
#Part 163
Up Next in Recordkeeping
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Part 6: Recordkeeping
Licensed customs brokers must keep records for five years and can only destroy them after their obligation ends. They have a duty to disclose records during audits while maintaining confidentiality. Brokers should be aware of their responsibilities and exceptions regarding record keeping. Records...
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Part 7: Recordkeeping
Brokers must prioritize avoiding conflicts of interest and ensuring client confidentiality. They are required to disclose potential conflicts and secure client information. Regulations mandate informing clients about access to confidential data and proper storage methods. Knowledgeable employees ...
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Part 8: Recordkeeping
Negligence in record keeping poses significant challenges, with compliance programs and penalties clearly defined. Monetary penalties, including the 10,000 and 40% rule, are examined, along with factors influencing these penalties such as good faith efforts and past violations. The customs broker...
