Fokker Services Fined $21 Million for Export Control Violations

Posted by Colleen Bush on Tue, Jun, 17 2014 @ 11:40 AM

“I’m watching you.” Just as Robert De Niro warned Greg Focker in Meet the Parents, Fokker Services should have realized that the U.S. government was watching too. By doing so, it could have avoided a $21 million fine for exporting U.S.-made goods to Iran, Sudan, and Burma in violation of trade sanctions.

Fokker Services, a subsidiary of the Dutch aerospace company Fokker Technologies Holding BV, admitted to more than 1,100 shipments of banned aircraft parts, technology, and services to sanctioned countries between 2005 and 2010. The $21 million fine represents the value of these transactions.

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Topics: Export Management, Export License Management, Export Compliance, Export Violations

U.S. Trade with Russia Grows in March Despite Rising Tensions

Posted by Colleen Bush on Thu, May, 8 2014 @ 1:42 PM

Surprisingly, U.S. trade with Russia grew in March, despite rising tensions and Russia’s annexation of Crimea. According to the Commerce Department, exports of U.S. goods to Russia rose 9% from the prior month, and imports from Russia rose 36%.

The U.S. tends to import Russian oil, metals and fertilizers and export machinery, vehicles, and food. March’s trade increase can largely be attributed to a surge in exports of civilian aircraft and autos.

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Topics: Export Management, Export License Management, Export Compliance

Company Fined $5.9M For Failing to Obtain Required Export Licenses

Posted by Colleen Bush on Mon, Apr, 28 2014 @ 10:48 AM

Talk about a Cuban Export Crisis….CWT B.V., a Dutch travel agency, has been fined $5.9M by the U.S. government for violating the trade embargo to Cuba. CWT’s violations took place from August 8, 2006 to November 28, 2012 and involved trips to Cuba by 44,430 people.

But why, you might ask, is a Dutch company getting fined by the U.S. government? In 2006, CWT became majority-owned by U.S. entities and thus subject to the U.S. Trading With the Enemy Act. CWT continued doing business with Cuba, but without obtaining the necessary licenses issued by Treasury’s Office of Foreign Assets Control (OFAC).

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Topics: Export Management, Export License Management, Export Violations

U.S. Bans Export Licenses for Defense Items to Russia

Posted by Colleen Bush on Fri, Mar, 28 2014 @ 2:39 PM

The camaraderie of last month’s Sochi Winter Olympics seems to be a fleeting memory as relations between the U.S. and Russia continue to deteriorate. In its latest response to Russia’s annexation of Crimea, the U.S. announced that it has imposed a ban on the issuance of export licenses for defense items and services to Russia. The State Department halted licensing on Monday, while the Commerce Department suspended licensing on March 1st.

The Commerce Department will halt sales of software, electronic devices, optical sensors and cameras, which were all among the $1.5 billion worth of exports to Russia licensed in 2013. Of that $1.5 billion, $798 million were for detonators and $367 million were for software products. Other products included encrypted software, ammunition for firearms, spacecraft, and chemicals.

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Topics: Export Management, Export License Management, Export Compliance

The Latest Export Control Reform Updates

Posted by Colleen Bush on Wed, Feb, 12 2014 @ 9:22 AM

We know that keeping up with Export Control Reform (ECR) changes can be tough, so we’re breaking down the latest updates for you right here!

Get Caught Up: To date, 13 of the 21 categories on the U.S. Munitions list have been modified. These items include aircraft, explosives, gas turbine engines, missiles and military vehicles, which combined account for approximately 90 percent of all export licenses.

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Topics: Export Management, Export License Management, Export Compliance

Favorite Industry Events: Massachusetts Export Expo

Posted by Kelsey Barker on Thu, Dec, 19 2013 @ 1:8 PM

Amber Road had a blast attending the Massachusetts Export Center's Export Expo last week in Boston! Several panels discussed hot topics in export compliance, global trade credit risk, export control reform, and more.

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Topics: Export Management, Product Classification, Export License Management, Export Compliance

Relaxed Iran Sanctions Could Benefit Oil Shippers

Posted by Sam Scordato on Wed, Dec, 4 2013 @ 8:0 AM

Last week in Geneva, a deal was struck between Iran and six world powers, including the U.S. and the European Union, to relax global trade restrictions on cars, petrochemicals, aviation parts, gold, and insurance for oil cargoes. Additionally, Iran will be permitted to continue exporting oil at current levels instead of forcing further reductions.

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Topics: Export Management, Export License Management, Export Compliance

New Jersey Defense Contractor Allegedly Exported Military Blueprints to India

Posted by Kelsey Barker on Wed, Nov, 6 2013 @ 11:52 AM

The owner of two New Jersey defense contracting businesses was arraigned this week for allegedly transmitting military blueprints to India without a license, a major violation of U.S. export laws.

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Topics: Export Management, Export License Management, Export Compliance, Export Violations

Tougher Requirements for Export to Entities on the Unverified List

Posted by Colleen Bush on Mon, Sep, 30 2013 @ 1:30 PM

On September 11th, the Bureau of Industry and Security (BIS) proposed tougher requirements on exports to entities on the Unverified List. BIS will be accepting comments on these proposed requirements through October 11th.

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Topics: Export Management, AES Filing, Export License Management, Restricted Party Screening

Q&A from the “Export Control Reform Update: Preparing for Transition” Webinar

Posted by Sam Scordato on Wed, May, 29 2013 @ 9:14 AM

Amber Road would like to thank all of those who attended Export Control Reform Update: Preparing for Transition, which was hosted by American Shipper on Tuesday, April 23. We had an amazing turn out, and the attendees asked some great questions. Unfortunately, we ran out of time and were unable to answer all of them. The presenters were kind enough to provide us with written responses to those questions. Here is a sneak peak:

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Topics: Webinars, Amber Road News, Export Management, Export License Management