Chinese National Stole Sensitive Military Program Documents From United Technologies Yu Long, 38, a citizen of China and lawful permanent resident of the U.S., pleaded guilty to charges related to his theft of numerous sensitive military program documents from United Technologies and transporting them to China. One count of conspiracy to engage in the theft of trade secrets … [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...]
Iranian National Guilty of Illegally Exporting Products From the U.S. to Iran
Iranian National Guilty of Illegally Exporting Products From the U.S. to Iran Mansour Moghtaderi Zadeh, 56, an Iranian national, pleaded guilty to taking part in a conspiracy involving the purchase and shipment of various products, including aviation parts and supplies, from the U.S. to Iran without a license. Zadeh, who had been living in Iran, pleaded guilty to one … [Read more...]