US: REPORT ON CONFLICT MINERALS REGULATION COMPLIANCE

On 10th September, American Shipper reported a Government Accountability Office (GAO) report that says that companies’ compliance with due diligence requirements under an SEC rule continues to be high.  It says that almost all companies required to conduct due diligence to determine the countries of origin for conflict minerals used in their products did so last year.  The regulation generally requires companies to disclose whether they sourced tin, tantalum, gold and/or tungsten from the Democratic Republic of the Congo (DRC).  In 2018, 1,117 companies filed conflict minerals disclosures, about the same number as in 2017 and 2016, the GAO said.

https://www.freightwaves.com/news/gao-releases-yearly-report-on-conflict-minerals-regulation-compliance

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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