By Aaron Nicodemus2024-03-04T18:21:00
Aerospace giant Boeing will pay a $51 million civil penalty to the State Department to resolve alleged export control violations related to unauthorized transfers and retransfers of technical data to foreign-person employees and contractors.
Boeing voluntarily disclosed the apparent violations of the International Traffic in Arms Regulations (ITAR), the majority of which occurred before 2020, the State Department said Thursday in a press release. The airline manufacturer cooperated with the agency’s investigation.
As part of the settlement, Boeing signed a three-year consent agreement, to be overseen by a special compliance officer. The agreement will also require two external audits of the company’s ITAR compliance program and the implementation of additional compliance measures.
2024-09-24T15:10:00Z By Aaron Nicodemus
There are dozens of ways foreign countries can get their hands on U.S. military secrets, including cyberhacking, espionage, theft, and more. But one increasingly concerning way has been through unintentional disclosures by trusted defense contractors, including Boeing, 3D Systems Corp., and RTX Corp., parent company of Raytheon.
2024-06-26T16:26:00Z By Jeff Dale
PetroChina International America agreed to pay a fine and forfeiture of $14.5 million to settle charges with the Department of Justice that it violated U.S. export control laws.
2024-05-15T17:43:00Z By Jeff Dale
The Department of Justice notified aerospace giant Boeing it breached its 2021 deferred prosecution agreement that required compliance commitments following high-profile crashes of its 737 MAX airplane.
2025-09-08T14:27:00Z By Adrianne Appel
Bank of New York Mellon, Citigroup, Santander, UBS, and two other financial institutions paid a total of $8.3M to settle separate compliance violations with the CFTC.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
Site powered by Webvision Cloud