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The Bureau of Industry and Security has issued an order imposing a $54,000 civil penalty against a U.S. company to settle charges that it committed 27 violations of the anti-boycott provisions of the Export Administration Regulations. BIS alleged that from January 2011 through November 24, in connection with the sale and/or transfer of goods or services (including information) from the U.S. to Qatar and the United Arab Emirates, the company failed to report its receipt of requests to take an action that would have the effect of furthering or supporting a restrictive trade practice or unsanctioned foreign boycott. If the company fails to pay the penalty in a timely manner the BIS may suspend its export privileges for one year.
September 28, 2020 // Trade Report
September 25, 2020 // Trade Report
September 14, 2020 // Trade Report