BIS Slaps Export Ban on Texas Co. Over Computer Shipments to Iran
The Bureau of Industry and Security eliminated exporting privileges for Texas-based Borna Faizy and Touraj Ghavidel for 10 years, after concluding the two conspired to export computers to Iran from the United States via the United Arab Emirates. The computers,…
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controlled for anti-terrorism purposes, are located on the Commerce Control List and subject to the Iranian Transaction Regulations, BIS said. The two traders used their company Signal Micro Systems to send hundreds the computers to Iran from 2009 to 2011, with a value of more than a million dollars. That company is also barred from participating in the export of goods for 10 years. Faizy was president of Signal Micro Systems during the time the violations were committed, and Ghavidel served as chief operating officer. The two allegedly did not obtain authorization from BIS or Treasury’s Office of Foreign Assets Control.