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$1 Million in Criminal Fines for Exports to Syria

Wednesday, October 08, 2014
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced Oct. 2 that a Belgian subsidiary of a U.S. company has agreed to pay a total of $1 million in criminal fines and serve a term of corporate probation after pleading guilty to causing four illegal exports to Syria. The subsidiary has also entered into a civil settlement with the Bureau of Industry and Security under which it will pay $600,000 in civil penalties.

The items exported were stators, components of oil extraction equipment that had been made from steel milled in the U.S. According to a joint press release, the subsidiary continued shipments of these items to Syria after being directed to halt them by its parent company. Following those illegal shipments, the press release states, subsidiary employees attempted to hide related documents from U.S. government investigators.

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