California Company Fined For Illegal 'Deemed Exports' The Bureau of Industry and Security (BIS) fined Intevac, Inc. the amount of $115,000 for violations of the Export Administration Regulations (EAR), that includes "deemed exports," releases of controlled technology made to a foreign national located in the U.S. Intevac voluntarily disclosed the unauthorized release of … [Read more...]
Penalty for Anti-boycott Violations
Penalty for Anti-boycott Violations The Bureau of Industry and Security (BIS) has reached an agreement regarding a Maryland company that will pay a $9,000 penalty to settle the violations of the anti-boycott provisions of the Export Administration Regulations. The company was charged with one count of furnishing information about business relationships with boycotted … [Read more...]
Export Basics – Develop Your Plan
Export Basics - Develop Your Plan [3rd in the series] So the next step is creating an export plan - it is important for defining your company's present status, internal goals and commitment. Completing and analyzing an international 'export' business plan helps you anticipate future goals, assemble facts, identify constraints and create an action statement. From Export … [Read more...]
Are You Ready for Export Requirement changes effective April 5, 2014?
Are You Ready for Export Requirement changes effective April 5, 2014? Are you aware of the new Export requirements being implemented on April 5th, 2014? The Foreign Trade Regulations (FTR) and how they will affect you Are you aware of upcoming changes? Changes in reporting requirements New fields added to the Automated Export System Changes in … [Read more...]
What is the Foreign Sanctions Evaders (FSE) List?
What is the Foreign Sanctions Evaders (FSE) List? Are you familiar with Foreign Sanctions Evaders (FSE) List? OFAC publishes a list of foreign individuals and entities determined to have violated, attempted to violate, conspired to violate, or caused a violation of U.S. sanctions on Syria or Iran. It also lists foreign persons who have facilitated deceptive transactions … [Read more...]