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Suspended $15,000 Penalty for Antiboycott Violations

Wednesday, October 23, 2013
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order assessing a $15,000 civil penalty against a Tennessee company to settle charges that it committed three violations of the antiboycott regulations in connection with sales to Iraq. These violations include knowingly agreeing to refuse to do business with another person pursuant to an agreement with, a requirement of, or a request from or on behalf of a boycotting country; furnishing to persons in Iraq information concerning its or another person’s business relationships with another person who is known or believed to be restricted from having any business relationship with or in a boycotting country; and failing to timely report a request to engage in a restrictive trade practice or foreign boycott against a country friendly to the U.S. The penalty will be suspended for six months and then waived if the company commits no further export violations during that time.

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