Superior Freight Services Celebrates 25 Years! On March 1, 2017, Superior Freight Services, Inc. celebrated their 25th Anniversary. From the beginning, the vision was to construct an International logistics company that was focused on a total commitment to exceptional customer service. The goal was to build their business that creates partnerships working as logistics … [Read more...]
ZTE Fined More Than $1 bln for U.S. Sanctions Violations
ZTE Fined More Than $1 bln for U.S. Sanctions Violations Combined Penalty of $1.19 Billion with Department of Commerce and Department of Treasury Actions Shows All of Government Approach to Sanctions Enforcement From Reuters: The Chinese telecoms equipment giant ZTE agreed to pay more than a billion dollars in fines and plead guilty to criminal charges for illegally … [Read more...]
OFAC: $516,000 Penalty for Violating Sanctions on Iran and Cuba
OFAC: $516,000 Penalty for Violating Sanctions on Iran and Cuba The Office of Foreign Assets Control (OFAC - Department of the Treasury) settles with Toronto-Dominion Bank -a financial institution headquartered in Canada has agreed to pay $516,105 to settle potential civil liability for 167 violations of the U.S. sanctions against Iran and Cuba. OFAC has also issued a … [Read more...]
BIS: Engaging in Prohibited Conduct
BIS: Engaging in Prohibited Conduct The Bureau Of Industry & Security (BIS) advises that Milwaukee Electric Tool Corporation engaged in prohibitive conduct on 25 occasions between April 2012 and May 2014. They exported thermal inaging cameras from the USA to various countries including, Hong Kong, Columbia, Ecuador, El Salvador, and Mexico without the required Department … [Read more...]
Alleged Anti-Boycott Violation
Alleged Anti-Boycott Violation 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 … [Read more...]