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Practice Areas

$350,000 Penalty for Evading Restrictions on Exports to Iran

Tuesday, March 22, 2016
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order imposing a $350,000 civil penalty against a European company to settle charges that it took actions with the intent to evade U.S. restrictions on exports to Iran by transshipping coatings, pigments and paints, including items that are suitable for use in nuclear facilities or have marine applications. BIS alleged that the company concealed the fact that the items were destined to Iran when ordering and/or buying them directly from the U.S. and listed a false ultimate consignee and destination on the shipper’s export declarations filed with the U.S. government.

If the company fails to pay the penalty in a full and timely manner, BIS may issue an order denying all of its export privileges under the Export Administration Regulations for one year.

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