Crossborder Tong Executives Fined for 150M Accounting Fraud

Crossborder Tong Executives Fined for 150M Accounting Fraud

The Shenzhen Stock Exchange publicly condemned Global Top E-Commerce (Cross-border Tong) for financial fraud. Its subsidiary, Globalegrow, overstated profits by 1.5 billion RMB, resulting in penalties for multiple executives. The company's performance has declined, highlighting compliance management as a lifeline for the industry. This incident underscores the accelerating shake-up in the cross-border e-commerce sector, where those who adhere to regulations will ultimately prevail. Compliance is now paramount for survival and success in this evolving market.

12/30/2025 Logistics Industry Insights
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WCO Group Advances Trade Via Publicprivate Dialogue

WCO Group Advances Trade Via Publicprivate Dialogue

The Private Sector Consultative Group (PSCG) of the World Customs Organization (WCO) serves as a crucial platform for fostering dialogue and cooperation between the WCO and the private sector. The 47th session focused on the Revised Kyoto Convention review, performance measurement, disruptive technologies, non-negotiated tariffs, and the Framework of Standards on E-Commerce. By participating in policy development, standard setting, capacity building, and promoting collaboration, the PSCG makes significant contributions to building an efficient, secure, and sustainable global trade system.

12/30/2025 Customs Knowledge
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WCO Advances Digital Shift with Online Document Meeting

WCO Advances Digital Shift with Online Document Meeting

The World Customs Organization (WCO) successfully concluded its first fully online document conference, marking an innovation in international cooperation. The conference focused on key issues such as pandemic response, e-commerce development, and the future of customs, facilitating efficient interaction through a digital platform and providing a reference for the global trade digital transformation. Data analysis shows the high feasibility of the fully online model, the crucial role of digital tools, the relevance of the agenda setting, and a clear results-oriented approach.

12/30/2025 Customs Knowledge
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Madagascar Shares Disaster Resilience Strategies Amid Crises

Madagascar Shares Disaster Resilience Strategies Amid Crises

The World Customs Organization (WCO), in collaboration with the Global Alliance for Trade Facilitation and Columbia University's National Center for Disaster Preparedness (NCDP), held a workshop in Madagascar to enhance the country's capacity to respond to pandemics and natural disasters. Through the development of Standard Operating Procedures (SOPs) and practical exercises, Madagascar gained valuable lessons, providing insights for other developing countries facing challenges posed by climate change. The workshop aimed to strengthen disaster preparedness and resilience through customs facilitation and international collaboration.

12/30/2025 Customs Knowledge
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WCO UN Call for Unimpeded Trade for Landlocked Nations During Pandemic

WCO UN Call for Unimpeded Trade for Landlocked Nations During Pandemic

The World Customs Organization and the United Nations urge ensuring smooth trade for landlocked developing countries during the pandemic, emphasizing the importance of freedom of transit and international cooperation. By simplifying customs procedures, investing in infrastructure, and diversifying trade partners, we can collectively address the impact of the pandemic on landlocked countries' trade and build a more resilient global supply chain. This collaborative effort aims to mitigate disruptions and foster sustainable economic growth for these vulnerable nations during and after the crisis.

12/30/2025 Customs Knowledge
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WCO Group Targets Doubled Customs Efficiency with Inspection Tech

WCO Group Targets Doubled Customs Efficiency with Inspection Tech

The 8th meeting of the World Customs Organization's Technical Expert Group on Non-Intrusive Inspection (TEG-NII) focused on the development of the Unified File Format (UFF) and NII-related matters, aiming to enhance customs supervision efficiency. The meeting emphasized the application of technologies such as big data and artificial intelligence, and discussed topics including radiation detection, data analysis, and centralized image analysis. The goal is to promote the modernization of global customs supervision and facilitate trade security and facilitation.

12/30/2025 Customs Knowledge
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Moldova Boosts Trade Efficiency with Customs System Upgrade

Moldova Boosts Trade Efficiency with Customs System Upgrade

Supported by the SECO-WCO Global Trade Facilitation Programme, Moldovan Customs held a workshop on strategic planning and performance evaluation to enhance strategic alignment, governance, and accountability. Participants utilized tools like PESTLE and SWOT analysis to develop strategic objectives and KPIs. The WCO will continue to provide support, assisting Moldovan Customs in becoming a new engine for efficient trade. The workshop aimed to improve customs operations through better planning and performance measurement, ultimately contributing to increased trade facilitation and economic growth in Moldova.

12/30/2025 Customs Knowledge
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Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova, with the support of the SECO-WCO Global Trade Facilitation Programme, held a virtual Time Release Study (TRS) workshop to assess clearance times and develop a national implementation roadmap. The goal is to complete the TRS report by January 2026, covering import and export processes, and to make it available to all stakeholders. The WCO pledged continued technical support to help Moldova improve trade facilitation and promote economic development. The TRS aims to identify bottlenecks and recommend improvements to streamline border procedures.

12/30/2025 Customs Knowledge
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WCO Boosts Nicaraguas Trade and Security Through Customs Reform

WCO Boosts Nicaraguas Trade and Security Through Customs Reform

The World Customs Organization (WCO) Deputy Secretary General visited Nicaraguan Customs to support its modernization efforts. Nicaragua is enhancing its national competitiveness and integrating into the global trade system through initiatives like implementing the AEO program, introducing non-intrusive inspection technologies, and participating in Central American customs integration. Dialogue with the private sector is also crucial for building a mutually beneficial and trustworthy partnership. Nicaragua's case offers valuable lessons for other developing countries seeking to modernize their customs procedures and facilitate trade.

12/30/2025 Customs Knowledge
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WTO WCO Aid Cape Verde in Customs Reform to Enhance Trade

WTO WCO Aid Cape Verde in Customs Reform to Enhance Trade

The WCO-WACAM project assists Cape Verde in implementing the WTO Trade Facilitation Agreement. Through support for measures categorization assessment and Time Release Study (TRS), it aims to simplify customs clearance processes, reduce trade costs, and improve trade efficiency. The project not only enhances Cape Verde's compliance capabilities but also provides valuable experience for other developing countries, jointly promoting global trade facilitation. This initiative is crucial for boosting economic growth and competitiveness in Cape Verde by streamlining trade procedures and reducing associated costs.

12/30/2025 Customs Knowledge
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