{"id":4889,"date":"2018-06-29T18:32:25","date_gmt":"2018-06-29T23:32:25","guid":{"rendered":"http:\/\/supfrt.com\/news\/?p=4889"},"modified":"2023-02-02T17:10:30","modified_gmt":"2023-02-02T23:10:30","slug":"bis-anti-boycott-violation-concludes-warning","status":"publish","type":"post","link":"http:\/\/supfrt.com\/news\/2018\/06\/29\/bis-anti-boycott-violation-concludes-warning\/","title":{"rendered":"BIS: Anti-Boycott Violation Concludes with Warning"},"content":{"rendered":"


\n<\/a>BIS: Anti-Boycott Violation Concludes with Warning<\/p>\n

The Bureau of Industry and Security (BIS) concluded an anti-boycott investigation of a U.S. company, Lockheed Martin Corporation, with a warning letter rather than a penalty, due specifically to Lockheed Martin’s voluntary self-disclosure.<\/p>\n

According to BIS, in connection with the sale and\/or transfer of goods to Korea for sale to third-country customers, the company provided<\/strong> a certification that the goods did not contain Israeli parts or components<\/em> in violation of Export Administration Regulations provisions prohibiting such acts. Also in connection with that transaction the company violated the EAR by failing to report<\/strong> to BIS its receipt of a request to confirm whether the goods contained any parts or components made in Israel.<\/p>\n

However, BIS states that after considering all the facts and circumstances known at this time, including specifically that the company discovered the violations itself and voluntarily disclosed them to BIS, this investigation is being closed with the issuance of a warning letter.<\/p>\n

See the warning letter<\/a><\/p>\n

About Antiboycott Laws —<\/p>\n

The Bureau, Office of Antiboycott Compliance (OAC), is charged with administering and enforcing the Antiboycott Laws under the Export Administration Act.<\/p>\n

Those laws discourage, and in some circumstances, prohibit U.S. companies from furthering or supporting the boycott of Israel sponsored by the Arab League, and certain other countries, including complying with certain requests for information designed to verify compliance with the boycott. Compliance with such requests may be prohibited by the Export Administration Regulations (EAR) and may be reportable to the Bureau.<\/p>\n","protected":false},"excerpt":{"rendered":"

BIS: Anti-Boycott Violation Concludes with Warning The Bureau of Industry and Security (BIS) concluded an anti-boycott investigation of a U.S. company, Lockheed Martin Corporation, with a warning letter rather than a penalty, due specifically to Lockheed Martin’s voluntary self-disclosure. According to BIS, in connection with the sale and\/or transfer of goods to Korea for sale […]<\/p>\n","protected":false},"author":3,"featured_media":1656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"yes","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[6,70],"tags":[49,14,71],"yoast_head":"\nBIS: Anti-Boycott Violation Concludes with Warning - Superior Freight Services Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/supfrt.com\/news\/2018\/06\/29\/bis-anti-boycott-violation-concludes-warning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BIS: Anti-Boycott Violation Concludes with Warning - Superior Freight Services Inc.\" \/>\n<meta property=\"og:description\" content=\"BIS: Anti-Boycott Violation Concludes with Warning The Bureau of Industry and Security (BIS) concluded an anti-boycott investigation of a U.S. company, Lockheed Martin Corporation, with a warning letter rather than a penalty, due specifically to Lockheed Martin’s voluntary self-disclosure. 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