The Bureau of Industry and Security has issued an order suspending for ten years the export privileges of a New York man convicted of knowingly and willfully exporting T700 carbon fiber, an item subject to the Export Administration Regulations, to China without obtaining the required BIS approval. This man was previously sentenced to a $5,000 criminal fine, a $300 assessment and three months’ imprisonment. BIS has also named two New York companies as related persons and made this suspension order applicable to them as well.
As a result, until Nov. 26, 2023, neither 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 Export Administration Regulations. BIS is also revoking all export licenses in which these entities had an interest at the time of the man’s conviction.
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