June 2009 Volume 23, Number 6
Features
Financial Due Diligence Can Aid Export Compliance
Export-Import Bank advice on transaction due diligence for export financing could provide extra guidance in implementing Know Your Customer screening measures for exporters of controlled goods and technology.
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Focus on Enforcement
Piquet Sentenced to 5 Years in Jail for Export of Defense and Dual-Use Items to China
Joseph Piquet, who was convicted March 5, 2009, on seven counts of conspiracy to evade the Arms Export Control Act (AECA) and the International...
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Two Florida Men Plead Guilty to FCPA Conspiracy to Bribe Haitian Officials
The guilty pleas of two Florida businessmen to violating the Foreign Corrupt Practices Act (FCPA) may be the first of several FCPA cases that will...
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OFAC Fines Varel Holdings $110,000 for Exports of Drilling Equipment to Cuba
Treasury's Office of Foreign Assets Control (OFAC) appears to be targeting trade and services that might help Cuba develop its offshore oil...
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Novo Nordisk Pays More Than $18 Million in Penalties for FCPA Violations in Iraq
Novo Nordisk, a Danish pharmaceutical and medical supply company, agreed May 11, 2009, to pay a $9 million fine for providing kickbacks to the...
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Indictment Claims Yun Was Trying to Obtain Rocket Engines for South Korea
A federal grand jury indicted Juwhan Yun, a naturalized U.S. citizen, April 29, 2009, on charges that he illegally brokered and planned to export...
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Professor Roth Puts Off Judgment Day Again as Court Delays Sentencing
Former University of Tennessee Professor J. Reece Roth still doesn't know his fate. He was supposed to have been sentenced May 13, 2009, after...
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BIS Suspends Penalties on Owner of Heartland Express for Gauge Exports to Iran
The Bureau of Industry and Security (BIS) May 15, 2009, imposed and then suspended a $25,000 civil fine on Matthew Ayadpoor as part of a settlement...
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Macedonia's Micei Fined For Violating BIS Denial Order on Yuri Montgomery
The Bureau of Industry and Security (BIS) May 14, 2009, imposed a $126,000 civil fine and a five-year denial of export licensing privileges on...
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BIS Denial Order Tries to Stop Spain's Orion Air from Exporting Aircraft to Syria
Bureau of Industry and Security (BIS) Acting Assistant Secretary for Export Enforcement Kevin Delli-Colli issued a temporary denial order (TDO) May...
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BIS Issues Denial Order to Pakistani Charged with Exports to Nuclear Plant
A Pakistani man, who had already pleaded guilty to conspiracy to violate U.S. export control laws, has had an order denying his export licensing...
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Enforcement Insights by Mark Menefee
Trapped Ready to Rap
By Mark D. Menefee*
"Now I'm trapped and want to find a getaway
All I need is a 'G' and somewhere safe to stay
Can't use the phone 'cause...
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Inside BIS
BIS Trying to Address Complaints about Backlog of Waiver Requests
The Bureau of Industry and Security (BIS) is responding to growing industry frustration and complaints about delays in getting waivers to export to...
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Obama's Budget Includes Funds to Upgrade BIS Computer System
Ever since Chinese hackers broke into the Bureau of Industry and Security's (BIS) computer system in 2006, agency staffers have not had direct...
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TransTac White Paper Aims to Clarify Rules on Digital Engine Controls
More clarity on export controls for Full Authority Digital Engine Controls (FADEC) is the goal of a draft White Paper being developed by the Bureau...
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U.S. Chip Industry Not In as Bad Shape as Some Fear, BIS Report Contends
The domestic U.S. industry still has the capability to meet defense needs for integrated circuits (ICs) despite a shift to increased overseas...
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Policy Briefs
House Panel Hearing Could Revive Call for Tougher Controls on Domestic Sales
As The Export Practitioner was going to press, the House Energy and Commerce Committee had scheduled a hearing for June 4, 2009, to hear a report...
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House Bill Would Require Review of Defense Export Controls, Speed Licensing
Major changes in defense export licensing policies could be required if Congress adopts legislation (H.R. 4210) reported out by the House Foreign...
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State and Local Enforcement of U.S. Trade Sanctions Adds New Element to Compliance
International bankers and exporters need to be aware that state and local prosecutors may be targeting violations of U.S. trade sanctions in...
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Lots of Talk about Easing Trade Sanctions on Cuba, But Timing Still Uncertain
There appears to be growing support in Congress for ending 50 years of trade and travel restrictions on Cuba, but the congressional agenda may...
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Regulatory Briefs
BIS Drops T 37 Jet Trainers from CCL and Gives DDTC Full Licensing Jurisdiction
The Bureau of Industry and Security (BIS) in the May 6, 2009, Federal Register removed T 37 jet trainers from the Commerce Control List (CCL) and...
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OFAC Issues Darfur Regulations as Companion to Sudan Trade Sanctions
Treasury's Office of Foreign Assets Control (OFAC) in the May 28, 2009, Federal Register finally got around to issuing separate regulations to...
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Regulations Detail OFAC Restrictions on Persons in Democratic Republic of Congo
Rules governing transactions with blocked persons in the Democratic Republic of the Congo (DRC) were spelled out in a final regulation Treasury's...
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Final EAR Changes for Thermal-Imaging Cameras Adds Reexport Controls
The hard-fought compromise that the Bureau of Industry and Security (BIS) had to negotiate with the Defense Department to get agreement on easing...
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END NOTES
BIS : Former Under Secretary Mario Mancuso June 1, 2009, joined DC law firm of Akin Gump Strauss Hauer & Feld LLP as partner in its...
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