$3.5 Million Fine for Illegal Exports to Multiple Countries
The U. S. Department of Commerce – Bureau of Industry and Security (BIS) imposed a $3.5 million penalty on Streit USA (South Carolina), Streit Group (UAE), Streit Middle East (UAE), and two corporate officers. They sold U.S. -origin vehicles retrofitted with ballistic steel and bullet proof glass to various end-users in multiple countries without the required licenses. The vehicles are controlled under the Export Administration Regulations for national security reasons.
From David W.Mills, the Assistant Secretary of Commerce for Export Enforcement:
The scope of today’s settlements highlights the fact that both exporters and foreign reexporters face consequences if they do not comply with U.S. export control regulations. These penalties should also serve as a reminder to corporate officers of their responsibility to ensure the export of national security controlled items are properly licensed, and of the importance of providing full and accurate information to the BIS.
Individually charged:
- The Chairman & CEO of Streit Group and Streit Middle East – for his role in causing, aiding, and abetting, in unlicensed transfers and reexports.
- The President of Streit USA was charged with causing, aiding and abetting in a false statement to the U.S. government for his role in relation to a pending export license application.
To read the entire press release
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