Update: Hanjin Hanjin Shipping in talks to sell Long Beach Terminal stake to MSC | from Reuters Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping Company S.A.(MSC), a spokesman for the Seoul court overseeing the shipper's receivership said on Friday. Hanjin Shipping owns a 54 … [Read more...]
R & A International Charged $500K for Export Control Violations
R & A International Charged $500K for Export Control Violations BIS entered into a Settlement Agreement with R&A International Trading Inc. doing business as (d/b/a) R&A International Logistics and RU.K.hansa Kadri a/k/a Roxanne Kadri for four alleged violations of the Export Administration Regulations (EAR). The violations … [Read more...]
Anti-Boycott Settlement with Westlake Vinyls Company
Anti-Boycott Settlement with Westlake Vinyls Company The Bureau of Industry and Security (BIS) reports that a Texas company, Westlake Vinlys Company, will pay a $12,000 civil penalty to settle charges that it violated the anti-boycott provisions of the Export Administration Regulations in connection with exports to the United Arab Emirates. Westlake Vinyl was charged … [Read more...]
DOJ Issues New Guidance on Reduced Penalties for Voluntary Disclosure of Export Control and Sanctions Violations
DOJ Issues New Guidance on Reduced Penalties for Voluntary Disclosure of Export Control and Sanctions Violations The National Security Division (NSD) of the U.S. Department of Justice (DOJ) recently issued guidance documenting its policy regarding the voluntary self-disclosure (VSD) of potentially criminal violations of the export controls and economic sanctions laws under … [Read more...]
DOJ: Man from China Sentenced to 15 Months in Prison for Trafficking in Counterfeit Computer Chips
DOJ: Man from China Sentenced to 15 Months in Prison for Trafficking in Counterfeit Computer Chips Daofu Zhang, 40, of Shenzen, China, was sentenced to 15 months of imprisonment for conspiring to sell counterfeits of sophisticated integrated circuits to a purchaser in the United States. From the press release: According to court documents and statements made in court, … [Read more...]