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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-06-04T17:20:00
Satellite communications company Airbus DS Government Solutions received a reduced penalty from the Department of Commerce’s Bureau of Industry and Security (BIS) for admitting self-disclosed violations of antiboycott regulations.
The Texas-based subsidiary of Airbus U.S. Space & Defense was fined $44,750 for three violations of the antiboycott provisions of the Export Administration Regulations, the BIS announced Monday.
In November 2019, Airbus DS participated in a trade show in Kuwait. In connection with the event, it furnished to a freight forwarder/logistics provider a commercial invoice/packing list concerning proposed business relationships with boycotted countries or blacklisted persons, the BIS explained in its order. The information provided included certification that the goods were not of Israeli origin and not manufactured by a company on the Israeli boycott blacklist.
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News and analysis for the well-informed compliance or audit exec.
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2024-06-12T21:47:00Z By Kyle Brasseur
Matthew Axelrod, assistant secretary for export enforcement at the Bureau of Industry and Security, addressed efforts to reach financial services firms, working with the Financial Crimes Enforcement Network, and more during his fireside chat at CW’s Financial Crimes Summit.
2024-05-20T15:21:00Z By Kyle Brasseur
IT services company DXC Technology disclosed it received word from the Office of Foreign Assets Control and Bureau of Industry and Security that it won’t be penalized regarding potential Russian sanctions/export control violations it voluntarily self-disclosed in 2022.
2024-03-22T15:57:00Z By Kyle Brasseur
The Bureau of Industry and Security adopted a final rule to extend its export restrictions across more entities and individuals designated under certain sanctions programs maintained by the Office of Foreign Assets Control.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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