Last week we reported on the settlement agreement that Cabela’s, the outdoor supply store, entered into the the Bureau of Industry and Security (“BIS”) to settle allegations that the company had exported 76 rifle scopes without the required BIS licenses.…
ABOVE: Marina Hemingway, Cuba In 2003 Michele Geslin and Peter Goldsmith, residents of the Conch Republic, otherwise known as Key West, organized the Conch Republic Regatta, a sailboat race between Key West and the Marina Hemingway outside Havana, Cuba. The…
After ABC News alleged that Blackwater was exporting weapons and other defense articles to Iraq hidden inside bags of dog food, Blackwater issued a press release with the following reply to that charge: Blackwater has never hidden anything inside a…
Cabela’s, the mammoth hunting and outdoor supplies retailer, was recently smacked with an equally mammoth $680,000 fine by the Bureau of Industry and Security (“BIS”). The fine was paid by Cabela’s to settle charges that it exported rifle scopes without…
The Office of Foreign Assets Control (“OFAC”) announced today that it was eliminating the general license for so-called U-turn transactions involving Iran. A U-Turn transaction, formerly permitted under section 560.516(a)(1) of the Iranian Transaction Regulations, is one which starts and…