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Company Fined $56,000 for Anti-boycott Violations

Monday, September 30, 2013
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order imposing a $56,000 civil penalty against a Minnesota company charged with committing 63 violations of the anti-boycott provisions of the Export Administration Regulations in connection with sales to the United Arab Emirates and Malaysia. The alleged violations include furnishing information about business relationships with boycotted countries or blacklisted persons and failing to report requests to engage in a restrictive trade practice or foreign boycott against a country friendly to the U.S. If the company fails to pay the penalty the BIS may suspend its export privileges for one year.

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