International Trade Today is a Warren News publication.

BIS Revokes Export Licenses to Marc Knapp Following Conviction Under IEEPA

The Bureau of Industry and Security (BIS) said it was denying export privileges to Marc Knapp of Safford, Ariz., until September 13, 2012, after his conviction last year by the U.S. District Court in Delaware on one count of violating…

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.

the International Emergency Economic Power Act (IEEPA) and on one count of violating Arms Export Control Act. Knapp pleaded guilty to knowingly and willfully attempting to export from the U.S. to Iran an F-5B Tiger II fighter jet and other defense articles without getting the required authorization from the Office of Foreign Assets Control in violation of IEEPA. He was sentenced to 46 months imprisonment and ordered to serve three years of supervised release. BIS said it was revoking all export licenses issued to Knapp “pursuant to the Act or Regulations in which” he had “an interest in at the time of his conviction.”