Brooklyn Resident and 2 Russian Nationals Arrested for Illegally Exporting to Russia Brooklyn Resident and Two Russian Nationals Arrested in Connection with Scheme to Illegally Export Controlled Technology to Russia. Defendants Used Brooklyn-Based Front Companies to Procure Sophisticated Military and Satellite Technology on Behalf of Russian End-Users. From DOJ: The … [Read more...]
Routed Export Transactions
Routed Export Transactions Defining, clarifying, and understanding routed export transactions. What is a routed export transaction? The Foreign Trade Regulations (FTR) defines a routed export transaction as, “an export transaction in which the foreign principal party in interest (FPPI) authorizes a U. S. agent to facilitate the export of a shipment from the U. S. and … [Read more...]
OFAC Reports $5.9 Million Penalty for Violation of Sanctions
OFAC Reports $5.9 Million Penalty for Violation of Sanctions The Office of Foreign Assets Control [OFAC] reported National Oilwell Varco,Inc., a Delaware corporation, and two subsidiaries have agreed to pay $5.98 million to settle their potential civil liability for apparent violations of the Cuban Assets Control Regulations, the Iranian Transactions and Sanctions … [Read more...]
Brooklyn Resident and Two Russian Nationals Arrested in Connection with Scheme to Illegally Export Controlled Technology to Russia
Brooklyn Resident and Two Russian Nationals Arrested in Connection with Scheme to Illegally Export Controlled Technology to Russia From DOJ: Defendants Used Brooklyn-Based Front Companies to Procure Sophisticated Military and Satellite Technology on Behalf of Russian End-Users Alexey Barysheff of Brooklyn, New York, a naturalized citizen of the United States, was … [Read more...]
Texas Man Has Export Privileges Suspended for Unlicensed Ammunition Exports
Texas Man Has Export Privileges Suspended for Unlicensed Ammunition Exports The Bureau of Industry and Security (BIS) has issued an order suspending for ten years the export privileges of a Texas man, Francisco Javier Mendoza-Esquivel, convicted of knowingly and willfully exporting to Mexico 5,860 rounds of ammunition designated as defense articles on the U.S. Munitions List … [Read more...]