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Export Privileges Suspended for Exports to Iran

Thursday, June 15, 2017
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order suspending the export privileges of a person convicted of knowingly and willfully conspiring to export, reexport, sell, and supply electronic components from the U.S. to customers in Iran without the required U.S. government authorization. As a result, until May 20, 2026, neither this individual nor anyone on his behalf may directly or indirectly participate in any way in any transaction involving any commodity, software, or technology exported or to be exported from the U.S. that is subject to the Export Administration Regulations. BIS is also revoking all export licenses in which this individual had an interest at the time of his conviction.

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