October 21, 2009
Found a succinct list of rules of thumb to ensure Trade Compliance at MondialTradeCompliance.com 10 General Prohibitions Export and re-export of controlled items to listed countries.(Get your export licenses!) Re-export and export from abroad of foreign-made items incorporating more than a de minimis amount of controlled U.S. content. Re-export and export from abroad of the [...]
September 28, 2009
After Iran announced intentions for new nuclear facilities, the US is seeking to expand sanctions on Iran, encouraging China and Russia to participate. The Obama administration is scrambling to assemble a package of harsher economic sanctions against Iran over its nuclear program that could include a cutoff of investments to the country’s oil-and-gas industry and [...]
September 14, 2009
BIS has extended the denial of re-export privileges to Iran for Mahan Airways. The company may not directly or indirectly partipate or benefit from any transaction subject to EAR (Export Administration Regulations) for 180 days. It is also a violation of the EAR for any person to participate in a transaction subject to the EAR [...]
August 6, 2009
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 [...]
