CBLE Professional Ethics and Conduct 3

Question 1

Under CBP regulations, a broker who has been convicted of a felony involving moral turpitude may have their license:

Accepted Answer

Revoked by the Secretary of Homeland Security

Answer

Under 19 USC 1641(d), CBP may revoke a broker's license for conviction of a felony involving moral turpitude.

Question 2

A customs broker receives a check from a client to cover duties but deposits it in the broker's general operating account instead of a separate trust account. This action:

Accepted Answer

Violates the broker's fiduciary duty to handle client funds separately

Answer

Brokers have a fiduciary obligation to safeguard client funds and must not commingle duty payments with their own operating funds.

Question 3

How often must a customs broker who is not associated with a licensed customs broker organization file a status report with CBP?

Accepted Answer

Every three years in February of the triennial period

Answer

Under 19 CFR 111.30, individual brokers must file a triennial status report every three years in February to maintain their license.

Question 4

A broker knowingly files a false entry by declaring goods as samples of no commercial value when they are actually for resale. This act may result in:

Accepted Answer

Criminal prosecution under 18 USC 542 for entry of goods by false statement

Answer

Knowingly filing false entry documents can constitute a federal crime under 18 USC 542, in addition to civil penalties.

Question 5

When a client terminates a relationship with their customs broker mid-shipment, the broker's ethical duty is to:

Accepted Answer

Provide reasonable transitional assistance to avoid harm to the client's interests

Answer

Even upon termination, a broker should provide reasonable assistance to transition the client's affairs and avoid prejudicing the client's interests.

(CBLE) Customs Broker License Exam Practice Test

(CBLE) Customs Broker License Exam Practice Test

CBLE Professional Ethics and Conduct 3