The Bureau of Industry and Security (BIS) has imposed a $162,000 civil penalty against Pelco – a U.S. company to settle charges that it violated (allegedly 66 times) the anti-boycott provisions of the Export Administration Regulations. Specifically, in connection with the sale or transfer of goods from the U.S. to the United Arab Emirates and Kuwait, the company is charged with
- knowingly agreeing to refuse to do business with another person with intent to comply with, further, or support an unsanctioned foreign boycott, and
- failing to report its receipt of requests to take an action that would have the effect of furthering or supporting a restrictive trade practice or unsanctioned foreign boycott.
BIS states that if the company fails to pay the civil penalty in a timely manner it may deny all of the company’s export privileges for one year.
To read the details of the violation: anti-boycott