ZTE’s $1.19 Billion Settlement: What It Means for Export Control Professionals and Your Company
On March 7, 2017, Zhongxing Telecommunications Equipment (“ZTE”) of China entered into a $1.19 billion multi-agency settlement agreement stemming from violations of U.S. export control and sanctions regulations. Please join us as we discuss one of the largest export control and sanctions fines to date and what it means for today’s export control compliance professionals.
- evolution of the investigation and complicating factors
- how BIS used the Entity List to further its investigation
- steps taken to address the issues and resolve the case
- practical implications for an everyday export compliance professional
- key aspects to use in your corporate training and awareness programs
Erin Clark is Senior Export Controls Advisor for Sandler, Travis & Rosenberg, P.A., based in San Diego, California. Ms. Clark has almost 20 years’ experience in global trade compliance. Her clients include a diverse range of U.S. and foreign entities from a broad array of industries, including aerospace, automotive, chemical, defense, electronics, energy, manufacturing, network systems, satellites, semiconductors and telecommunications.
Steven Brotherton is a Member of Sandler, Travis & Rosenberg, P.A., resident in the San Francisco office, and leads its Export Controls and Sanctions Practice. A leading authority on U.S. export control matters, Mr. Brotherton counsels a wide variety of clients, from Fortune 50 companies to mid-size companies to start-ups, on export control laws and regulations.