Print PDF

Export Privileges Suspended for Export to Iran

Friday, May 06, 2016
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order suspending for ten years the export privileges of a man convicted of knowingly and willfully conspiring with others to export a rate integrating gyroscope to Iran. The man was previously sentenced to five years of probation, a $2,000 criminal fine and a $100 special assessment.

As a result, until Aug. 25, 2025, neither this man 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 man had an interest at the time of his conviction.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines