The Bureau of Industry and Security (“BIS”) has agreed an administrative settlement of $540,000 with a company that created invoices which undervalued its exports of telecommunications networking equipment controlled for national security and anti-terrorism reasons that were destined for Russia.
BIS alleged that Mr. Julian Demurjian of San Franciso, CA, through his company CIS Project, caused seven violations of the Export Administration Regulations (“EAR”). According to the BIS investigati...
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