- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-06-04T17:20:00
Satellite communications company Airbus DS Government Solutions received a reduced penalty from the Department of Commerce’s Bureau of Industry and Security (BIS) for admitting self-disclosed violations of antiboycott regulations.
The Texas-based subsidiary of Airbus U.S. Space & Defense was fined $44,750 for three violations of the antiboycott provisions of the Export Administration Regulations, the BIS announced Monday.
In November 2019, Airbus DS participated in a trade show in Kuwait. In connection with the event, it furnished to a freight forwarder/logistics provider a commercial invoice/packing list concerning proposed business relationships with boycotted countries or blacklisted persons, the BIS explained in its order. The information provided included certification that the goods were not of Israeli origin and not manufactured by a company on the Israeli boycott blacklist.
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The Commerce Department’s Bureau of Industry and Security issued guidance to academic research institutions on trends in voluntary self-disclosure to improve export control compliance.
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