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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
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News and analysis for the well-informed compliance or audit exec.
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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.
2023-12-11T19:27:00Z By Kyle Brasseur
Five agencies of the U.S. government combined to issue best practices guidance for entities in the maritime and other transportation industries to help reduce risk of sanctions and export control violations and evasion efforts.
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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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