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$36,800 Penalty to Settle Charges of for Antiboycott Violations

Tuesday, November 12, 2013
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order imposing a $36,800 penalty against a Virginia shipping company to settle charges that it committed 15 antiboycott violations in connection with transactions involving the sale and/or transfer or goods or services to Bahrain, Kuwait, Lebanon and the United Arab Emirates. The company was charged with four counts of furnishing information about business relationships with boycotted countries or blacklisted persons and 11 counts of failing to report the receipt of a request to engage in a restrictive trade practice or foreign boycott against a country friendly to the U.S. The order states that if the company fails to pay the penalty in a timely manner the BIS may suspend its export privileges for one year.

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