A Maryland-based water testing equipment manufacturer agreed to pay $685,051 to settle charges that it knowingly exported luminometers and test kits to Iran without required authorization, the US Bureau of Industry and Security (“BIS”) announced on October 1.
The settlement agreement included a suspended three-year denial of export privileges during a three-year probationary period, which would be activated if the firm fails to comply with the audit, training and civil penalty provisions o...
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