Background

The Bureau of Industry and Security has announced that a Texas company will pay a civil penalty of $9,000 to settle charges that it committed five violations of the antiboycott provisions of the Export Administration Regulations. In connection with transactions involving the sale and/or transfer of goods or services (including information) to Kuwait, Lebanon, Qatar and the United Arab Emirates, BIS charged the company with five counts of failing to report its receipt of requests to take 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 civil penalty in a timely manner its export privileges may be suspended for one year.

Close

Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.