October 2018 — Question 54
When may a $10,000 recordkeeping penalty be assessed?
- AWhen the broker has been involved in larceny, theft, robbery, extortion, forgery, counterfeiting fraudulent concealment, embezzlement, or misappropriation of funds
- BWhen the failure to comply with a CBP records request is a result of negligence in maintaining, storing, or retrieving the demanded record✓ CBP's answer
- CWhen the failure to comply with a CBP records request is a result of an Act of God
- DWhen the entry is not filed within 10 days of importation
- EWhen the broker does not maintain the record of the POA on a corporation for 5 years after the date of written separation
CBP's cited authority
§ 19 CFR 163.6 (b)(ii)
Answer and citations as published in CBP's official answer key for the October 2018 examination.
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