Pennsylvania Company Settles - For Charges of Illegal Exports The Bureaus of Industry & Security (BIS) reached a civil settlement with Pennsylvania company Amplified Research Corporation in connection with the illegal export of U.S.-origin amplifiers (controlled for national security reasons) to Hong Kong, China, Singapore, Malaysia, Taiwan, Korea, and Thailand. This … [Read more...]
BIS – Order Temporarily Denying Exports
The BIS (Bureau of Industry & Security) & OFE (Office of Export Enforcement) issued a order temporarily denying export privileges for a period of 180 days to 3K Aviation Consulting & Logistics (along with their other DBA's). Temporarily denying export privileges is requested and issued when it is necessary to prevent an "imminent violation" of the Regulations … [Read more...]
$100 Million Penalty for Export Violations
$100 Million Penalty for Export Violations Texas company to pay $100 million for export violations to Iran, Syria, Cuba, and Other Countries - Fine is largest civil penalty ever levied by the Bureau of Industry and Security Weatherford International Ltd. in Houston, Texas, and its subsidiaries agreed to the allegations that Weatherford exported oil and gas equipment to … [Read more...]
ATTENTION! DELAY of FTR Export Requirements
ATTENTION! Delay of the effective date for changes to the FTR (Foreign Trade Regulations) Export Requirements! Previously scheduled to take effect on January 8, 2014, the FTR Export requirements will now be effective April 5, 2014. Why the change? Because the new Automated Commercial Environment (ACE) will not be deployed until April 5, 2014. Changes to the FTR are … [Read more...]
Trade Compliance – Recordkeeping for Exporters
Trade Compliance - Recordkeeping for Exporters Each agency has its own regulations: Bureau of Industry and Security (BIS): 15 CFR Parts 762 and 772 Directorate of Defense Trade Controls (DDTC): 22 CFR Part 122.5 What Export Records Must be Kept for BIS? Export control documents and related documents listed in EAR Part 762.2 and in the definition … [Read more...]