DHL Signs $9.44 Million Joint Settlement Agreement
DHL has signed a joint settlement agreement with BIS and OFAC to the tune of a cool $9.44 million. BIS charged that DHL was aiding and abetting exports to sanctioned countries including Syria, Iran, and Sudan. 
OFAC charged that DHL violated OFAC regulations, mainly dealing with recordkeeping, for thousands of shipments to Iran and Sudan between 2002 and 2006.
BIS charged that on eight occasions between June 2004 and September 2004, DHL caused, aided and abetted acts prohibited by EAR when it transported items subject to the EAR from the United States to Syria, and that with regard to 90 exports between May 2004 and November 2004, DHL failed to retain air waybills and other export control documents required to be retained under Part 762 of the EAR.
OFAC charged that DHL violated various OFAC regulations between 2002 and 2006 relating to thousands of shipments to Iran and Sudan. Like DHL’s EAR violations, its OFAC violations primarily involve DHL’s failure to comply with applicable recordkeeping requirements.
As a result, DHL will be paying the $9.44 million as well as conducting external audits on exports to Syira, Iran, and Jordan from March 2007 to December 2011.
This case is also the largest joint settlement for BIS and OFAC. For the complete details, visit the BIS Website: DHL Signs $9.44 Million Joint Settlement Agreement with BIS and OFAC
Screen for Denied Parties & Sanctioned Countries
Restricted Party Screening is a must-have procedure for any company engaging in global trade. The risks associated with not having a system in place are becoming increasingly large when you consider the possible sanctions,fines and penalties that are being dealt by the Department of Homeland Security, BIS, and OFAC. The first step to achieving this is implementing a program focused on Trade Partner screening.
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