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$55,000 Penalty for Violating Export Denial Order

Friday, November 22, 2013
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order imposing a $55,000 penalty on two California companies to settle charges that they took action prohibited by a BIS denial order. If this penalty is not paid in a full and timely manner, BIS may suspend these companies’ export privileges for one year.

According to the order, a United Arab Emirates trading company ordered about 2,300 computer motherboards from these companies, but the ultimate consignee in the UAE was an Iranian airline that has been listed as a denied person since March 2008. That airline then transshipped the motherboards to Iran.

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