US COMPANY PENALISED FOR ANTI-BOYCOTT VIOLATIONS

On 26th February, Sandler Travis & Rosenberg reported that the US Bureau of Industry and Security has imposed a $28,600 penalty against a US company, Mitsui Plastics Inc, to resolve charges that it committed 9 violations of the anti-boycott provisions of the Export Administration Regulations in connection with transactions involving the sale and/or transfer of goods or services to Bahrain.  Under the anti-boycott provisions of the EAR, companies are prohibited from refusing to do business with or in Israel or with companies because of another company’s blacklisting or boycott (or aiding and abetting such a boycott).  BIS alleged that, with the intent to comply with, further, or support an unsanctioned foreign boycott, the company furnished information concerning another person’s business relationships with another person known or believed to be restricted from having any business relationship with or in a boycotting country; and that it failed to report its receipt of requests to engage in a restrictive trade practice or boycott.

https://www.cmtradelaw.com/2018/02/new-york-company-settles-nine-alleged-boycott-violations-with-bis/

https://www.strtrade.com/news-publications-anti-boycott-penalty-Bahrain-exports-022618.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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