Background

The Bureau of Industry and Security reports that a U.S. subsidiary of a state-owned company in Vietnam has agreed to pay a $1.87 million civil penalty to settle charges that it committed a number of egregious violations of the Export Administration Regulations. Specifically, the company was charged with providing false end-use and end-user information to officials of BIS and other federal agencies in connection with export license applications and other export activities to conceal the defense purposes of some of its exports.

BIS notes that $200,000 of the penalty will be suspended for two years provided that the company (1) spends $25,000 on additional ongoing export control compliance efforts and (2) retains a director of trade compliance to oversee its export activities for two years.

For more information on ensuring export compliance for your business, please contact attorney Kristine Pirnia via email.

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