The Department of Justice charged via criminal complaint of conspiring to violate the International Emergency Economic Powers Act. In violation of trade sanctions against Iran (state sponsor of terrorism), this person has been accused of allegedly exporting thousands of dollars of industrial parts manufactured by U.S. companies to Iran. If convicted, this person faces a maximum penalty of 20 years in prison for illegally exporting goods for Iranian petro-chemical industry.
To avoid detection and to facilitate the shipment of goods from the United States to Iran, this person allegedly falsified shipping records by indicating the goods were of little value and that the end-user for the goods was located in the United Arab Emirates. Once the goods reached the UAE, the end-user information was changed and the goods were shipped onward to Iran. For more information on this case: bis.doc.gov/news
Don’t let this happen to you! Do you know your customer? Do you check restricted parties lists? Do you know the final destination of your exported goods? Do you take into account inconsistent situations in a transaction? Do you use a ‘Red Flag’ checklist? Here is more information from: Bureau of Industry & Security & Know your Customer Guidance
Do you have questions? If you would like export assistance, please contact us at Superior@supfrt.com
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