$9.4 Million Penalty for Violations with OFAC & BIS With over 100 violations, Alcon Pharmaceuticals Ltd. (of Fribourg, Switzerland) and Alcon Laboratories (Dallas/Fort Worth, TX) have agreed to pay a total of $9.4 million in penalties to settle charges that it violated U.S. economic sanctions and export controls by engaging in the sale and exportation of medical end-use … [Read more...]
CEO Pleads Guilty to Conspiring to Export Specialty Metallurgical Metals to Iran
CEO Pleads Guilty to Conspiring to Export Specialty Metallurgical Metals to Iran Erdal Kuyumcu - CEO of Global Metallurgy, LLC, a company based in Woodside, NY, pleaded guilty to one count of conspiring to violate the IEEPA [International Emergency Economic Powers Act] in connection with the export of specialty metals from the U.S. to Iran. Kuyumcu [U.S. citizen] pleaded … [Read more...]
Evasion of Export Controls Results in $250,000 Penalty
Evasion of Export Controls Results in $250,000 Penalty The Bureau of Industry and Security (BIS) has imposed a $250,000 penalty on a U.S. company (Fulfill Your Packages, Inc.) charged with evading the Export Administration Regulations regarding the intended export of a thermal imaging camera subject to export controls ->for national security and regional stability … [Read more...]
Canadian-Iranian Citizen Sentenced To Three Years In Prison For Conspiring To Violate Iran Sanctions
Canadian-Iranian Citizen Sentenced To Three Years In Prison For Conspiring To Violate Iran Sanctions ALI REZA PARSA, a Canadian-Iranian dual citizen and resident of Canada, was sentenced to three years in prison for his participation in a conspiracy to violate the International Emergency Economic Powers Act (“IEEPA”) and the Iranian Transactions and Sanctions Regulations … [Read more...]
Michigan Company Fined $575,000 for Illegal Exports to China
Michigan Company to pay penalty of $575,000 for Illegal Exports to China The BIS (Bureau of Industry and Security) has issued an order fining Weiss Envirotronics, Inc. of Grand Rapids, MI -$575,000 to settle charges that on 20 occasions over three years the company exported items controlled for missile technology reasons to China without the required licenses. However, the … [Read more...]