Exporter Assessed $250K Penalty, Denied Export Privileges for EAR Violation
The Bureau of Industry and Security has issued an order regarding a Settlement Agreement with Xun Wang to settle allegations that Wang committed one violation of the Export Administration Regulations. (BIS alleged that Wang conspired to bring about the export…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
of epoxy paint and epoxy paint thinner to Pakistan, through China, in violation of the EAR.) Under the order, Wang is assessed a civil penalty in the amount of $250,000 ($50,000 of which would be suspended for a period of five years and waived if no further violations are committed), denied export privileges for a 10 year period (five of which would be suspended, and eventually waived, if the civil penalty has been paid and no further violations have been committed).