$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...]
Company Fined for Antiboycott Violations
Company Fined for Antiboycott Violations A Texas company, RHDC International, LLC, will pay a civil penalty of $9,000 to settle charges from The Bureau of Industry & Security (BIS) that it committed five violations of the antiboycott provisions of the Export Administration Regulations. The allegations involved transactions involving the sale and/or transfer of goods, … [Read more...]
U.S. Exporters: Destination Control Statements (DCS) Changing
U.S. Exporters: Destination Control Statements (DCS) Changing The U.S. Bureau of Industry and Security (BIS) and the Department of State issued dual Federal Register notices on August 17th finalizing a common destination control statement (DCS). When required, the DCS should be included on the exporter’s commercial invoice. The new DCS, which will take effect November 15, … [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...]