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$250,000 Penalty, Suspension of Export Privileges for Illegal Exports to Iran

Friday, June 24, 2016
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has imposed a $250,000 civil penalty against an Ohio company and its president to settle charges that they conspired to evade the U.S. embargo against Iran by transshipping an item designated as EAR99 through the United Arab Emirates to Iran without the required U.S. government authorization. Furthermore, the intended recipient of the item was an Iranian government entity placed on the Office of Foreign Assets Control’s list of specially designated nationals.

In addition to paying the penalty, the company and its president will be required to complete export controls compliance training on the Export Administration Regulations annually for five years. BIS has also denied their export privileges for five years but is suspending this action provided the fine is paid, the training is completed and no further export violations are committed during that five-year period.

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