The Office of Foreign Assets Control (“OFAC”) today released its monthly civil penalty report for June. The report indicates that General Reinsurance Company (“Gen Re”) agreed to pay $59,130 to settle allegations that it had paid $309,740.65 in 2005 under…
According to this Law360 post (subscription required), James Larrison, a former employee of Aegis Electronic Group, was sentenced to probation for his role in the company’s export of an EAR99 Hitachi JU72 video camera junction to Iran. Larrison pleaded guilty…
The Office of Foreign Assets Control (“OFAC”) today announced a new round of sanctions against various Iranian entities including the national airline Iran Air and its domestic air carrier Iran Air Tours. The press release announcing the sanctions highlighted Iran…
The Bureau of Industry and Security (“BIS”) just released settlement documents pursuant to which a regional sales manager at PPG agreed to a $500,000 penalty arising out of one unlicensed export of EAR99 epoxy paint. The paint, valued at $25,0000,…
ABOVE: Kaesong Industrial Park The White House has been ratcheting up U.S. sanctions against North Korea, culminating in Executive Order 13570 on April 18, 2011, which banned all imports from North Korea. Today the Office of Foreign Assets Control (“OFAC”)…