TNT Deal Opens UPS To Sanctions Risks

Discussion in 'The Latest UPS Headlines' started by cheryl, May 17, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    TNT Deal Opens UPS To Sanctions Risks - Wall Street Journal

    United Parcel Service Inc. could be opening itself up to new risks as it moves forward with its acquisition of Netherlands-based TNT Express NV, an express-mail company with a global reach that includes Iran, Cuba and Syria.

    In order to avoid running afoul of U.S. sanctions and embargoes, UPS may have to unwind TNT’s business in those countries or institute rigorous and costly compliance and due diligence systems, according to experts on trade and export law.

    It remains unclear whether UPS will continue TNT’s operations in those countries. A UPS spokeswoman declined to comment, as did a TNT spokesman.