I screamed at the top of my lungs what’s going on! Come by for a casual end-of-year chat about what’s happening in the world of international trade. Our experts have a grab bag of topics, and you’re welcome to submit your own questions!
BIS: Bureau of Industry and Security Settles with TE Connectivity Over Alleged Export Violations
BIS: Bureau of Industry and Security Settles with TE Connectivity Over Alleged Export Violations
August 16, 2024/
BIS settled with TE Connectivity (both the Pennsylvania and the Hong Kong branches) for $5.8 million in civil penalty assessment. This was to resolved alleged violations of US export controls; specifically, shipments of low-level items to parties connected to Chinese hypersonics, UAV, and military electronics programs.
Related Posts
Justice: Venezuelan Man Sentenced for Role in Scheme to Evade U.S. Sanctions on Oil Company
A Venezuelan man was sentenced to 30 months in prison and 3 years of supervised release for participating in a scheme to evade US sanctions on a sanctioned oil company. Read More
OFAC: Treasury Reaches Settlement with American Life Insurance
Treasury announced a settlement with American Life Insurance Company for 2,331 apparent violations of Iranian sanctions. There were insurance policies provided to UAE entities that were owned or controlled by the Iranian government. American Life self-disclosed the violations. Read More
Justice: Justice Department Proposes Rule to Control Access to Bulk Personal and U.S. Government Data
Justice is proposing a rule that implements an Executive Order from February, with the goal of controlling access to bulk personal data and US government-related data. Comments are due by 11/29/2024. The 112-page document also address comments that were made following the March 2024 advanced notice of proposed rulemaking. The rule here identifies classes of…
BIS: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
BIS has imposed a civil penalty of $500,000 on GlobalFoundries US. GlobalFoundries is a semiconductor manufacturer in New York, and they shipped ~$17.1 million in semiconductor wafers to a company on the BIS Entity List without licenses. They voluntarily disclosed, cooperated with the investigation, and took remedial issues after discovery. Read More