The Bureau of Industry and Security has issued an order suspending export privileges for a United Arab Emirates company and its managing director for 12 years to settle charges that they violated the Export Administration Regulations. BIS alleged that the company sold, transferred and/or forwarded to, and/or ordered or bought for end users in Iran items procured from the U.S. through an intermediary company in the Netherlands, including masking wax, lithium batteries, and zirconia crucibles designated as EAR99, despite knowing that such actions violated the longstanding U.S. economic embargo against Iran. BIS also charged that while being interviewed by BIS as part of a post-shipment verification the executive falsely represented that he had never conducted any business with Iran since 2001 and had not purchased anything from the U.S. during that period.
As a result, until Dec. 21, 2029, neither of these entities nor anyone on their 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 EAR. BIS is also revoking all export licenses in which these entities had an interest at the time of their convictions.
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