Dubai subsidiary settlement
New Jersey-based Construction Specialties Inc. paid $660k to the Treasury Department’s Office of Foreign Asset Control’s (“OFAC”) to settle possible violations of Iran sanctions between 2016 and 2017. The company’s Dubai operations’ management allegedly concealed product shipments to Iran. The company voluntarily disclosed the violations and committed to improving its trade compliance program.
New deemed export guidance
The Bureau of Industry and Security (“BIS”) clar...
Continue reading
SUBSCRIBED FEATURES
- Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
- Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
- Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.
