Connect with the right partners. Strengthen your program. Export compliance doesn’t have to be overwhelming, especially when you know where to turn for help. This session features Star USA’s president Michael D. Easton alongside Nate Ward from the SBDC Export…
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
November 22, 2024/
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.
Related Posts
USTR: Administration Outlines Next Phase of Tariff Enforcement and Trade Investigations
The administration has detailed a broad strategy to advance its trade objectives while reinforcing existing enforcement tools. Officials confirmed that a temporary 10 percent surcharge will be applied to certain imports under Section 122 authority as a means of stabilizing trade policy during ongoing negotiations. In parallel, new Section 301 investigations will examine a wide…
USTR: Administration Announces Import Surcharge to Address Balance of Payments Deficit
Federal law, including section 122 of the Trade Act of 1974, authorizes the President to impose temporary import surcharges and other restrictions when the nation faces serious international payments challenges. Acting under this authority, the Administration has determined that an ad valorem import surcharge is necessary to respond to substantial balance of payments deficits. Officials…
OFAC: U.S. Expands Sanctions Relief With New Licenses for Venezuela Oil and Gas Investment
The Office of Foreign Assets Control last week issued General License 49 authorizing parties to negotiate and enter into contingent contracts for new investment in Venezuela’s oil and gas sector, provided that performance of those agreements remains subject to separate authorization from OFAC. The license covers a wide range of preliminary agreements, including executory contracts,…
OFAC: Launches Online Portal for Voluntary Self Disclosure Submissions
The Office of Foreign Assets Control has introduced a new online Voluntary Self Disclosure Portal designed to streamline the submission of potential violations under sanctions programs it administers. The secure platform replaces prior submission methods with a centralized digital system that allows individuals and organizations to file disclosures more efficiently and track communications throughout the…