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BIS leaves no stone unturned…

A very cool story out of the Export Law Blog. BIS fined C A Litzler $45000 for the unlicensed export of machinery by Western Advanced Engineering Company (WAECO), whose assets it had bought. But, since WAECO still exists as a shell company, BIS also got a settlement out of them for a 3-year export denial order.

Due diligence is a marvelous thing, isn't it?

Link:

BIS Slaps Defunct Company with Suspended Export Denial Order

 

Categories: BIS Updates Export Control Settlements

eric9to5

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