Iraq, Israel, Kuwait, Lebanon, Libya, OFAC, Qatar, Sanctions, Saudi Arabia, Syria, Treasury Dept, UAE, Yemen
By: Melissa Proctor, Polsinelli PC Companies doing business in the Middle East take note: The Treasury Department recently published its quarterly list of countries that currently require participation or cooperation with an international boycott, such as the Arab...
BIS, CCL, Denied & Restricted Parties, EAR, Embargoes, Export License, Lebanon, Syria, Violations & Fines
By: Danielle McClellan Tecnoline SAL (Tecnoline )of Sin El Fil, Beirut, Lebanon pled guilty to 7 charges of Causing, Aiding, or Abetting a Violation of the Regulations and will pay a civil penalty of $450,000. Tecnoline reexported US-origin mass spectrometers, gas...
Antiboycott, Commerce Dept, EAR, Kuwait, Lebanon, Pakistan, Qatar, Saudi Arabia, Syria, UAE, Yemen
By: Danielle McClellan Coty Middle East FZCO (UAE) has agreed to pay $238,000 to settle 70 violations of 15 CFR §760.2(d) – Furnishing Information about Business Relationships with Boycotted Countries or Blacklisted Persons. Coty Middle East FZCO is a foreign...
Iran, OFAC, Sanctions, Sudan, Syria, Violations & Fines
By: Danielle McClellan Alcon Laboratories, Inc., (Fort Worth), Alcon Pharmaceuticals Ltd. (Fribourg, Switzerland) and Alcon Management, SA (Geneve, Switerland) (collectively, “Alcon”) have agreed to settle a potential civil liability with the US Department of...
Embargoes, Export License, Sanctions, Syria, UAE, UK
By: Danielle McClellan In November 2012, three individuals and one company were indicted with charges of criminal conspiracy, wire fraud, illegal export of goods, money laundering, and false statements. Until now the indictment remained under seal pending the arrest...
Sanctions, Syria, USA Regulations, Violations & Fines
By: Brooke Driver Robbins & Myers Belgium S.A., a subsidiary of Myers & Robbins Inc. has agreed to pay a total of $1 million in criminal fines and to serve a term of corporate probation for four separate violations of the International Emergency Economic...