Know what to expect before your surety asks for it. Join Michael D. Easton, president of Star USA, and Travis Smith, President of Trade Risk Guaranty, as they explore how customs bond requirements are changing, driven by tariffs, enforcement shifts, and…
BIS: $5.4 Million Penalty and 3-Year Denial Order Imposed on M&M Wireless for Alleged EAR Violations and Recordkeeping Failures
BIS: $5.4 Million Penalty and 3-Year Denial Order Imposed on M&M Wireless for Alleged EAR Violations and Recordkeeping Failures
Bureau of Industry and Security is initiating proceedings against M&M Wireless for violations of the EAR. The claim is that M&M Wireless falsified value and quantity on some exports and failed to comply with recordkeeping requirements. The company was subpoenaed and they responded "no such records exist".
The order has a $5.4 million penalty and $462,700 civil forfeiture, along with 3-year denial order and required export compliance training. The denial order can be suspended/waived if the training is completed.
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