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.
2024-08-16T18:17:00Z By Jeff Dale
The Commerce Department’s Bureau of Industry and Security issued guidance to academic research institutions on trends in voluntary self-disclosure to improve export control compliance.
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.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
2025-10-20T17:29:00Z By Ruth Prickett
U.K. motor finance companies are preparing to pay billions in compensation after a Supreme Court ruling found they sold unfair car loans over many years, failing to disclose key information and denying consumers the chance to compare deals or negotiate.
2025-10-17T21:09:00Z By Oscar Gonzalez
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
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