Ever heard of The Parts Guys? Neither had I. Now, it seems, the whole world knows about this business and its president, Michael Edward Todd. Both were recently charged with conspiracy to illegally export military components for fighter jets and attack helicopters to Iran.
The Bureau of Industry and Security (BIS) today announced the implementation of the latest license exception under the EAR – the Strategic Trade Authorization (STA) exception. You may recall our earlier posts, back when BIS first proposed this new exception.
Recently, Eric Hirschhorn, Under Secretary of Commerce for the Bureau of Industry and Security (BIS), testified before the House Committee on Foreign Affairs regarding President Obama’s export control reform initiative. Here are some interesting observations I had from listening to his testimony.
A California company and its CEO were sentenced earlier this month for conspiracy to export controlled services to Iran. GWC Valve International and its CEO, David Meador, allegedly attempted to engage in services related to industrial valves for use in Iran.
This week, we’ve all been transfixed by the news that Usama bin Laden was killed by U.S. Special Forces at a hideout in Pakistan. But there’s an interesting footnote to this story, which is starting to get more attention. It has to do with a U.S. helicopter that crashed at the scene.
For more than 30 years, CTS has provided its customers with a wide range of advanced coatings and surface modification services. The company helps solve some of industry’s toughest problems related to wear, corrosion, erosion, abrasion and thermal conductivity.
President Obama’s export control reform initiative continues to move forward. In recent months, DDTC has proposed a variety of new revisions to the ITAR in an effort to clarify issues, erase redundancies and focus more on controlling those items that really matter. This includes new proposals for replacement parts, the export of chemical agent protective gear and online registration fee payments, among others.
The U.S. Bureau of Industry and Security (BIS) recently imposed a $575,000 civil penalty against TW Metals of Exton, Pennsylvania. The company allegedly exported titanium alloy and aluminum bar to China and Israel without first obtaining export licenses.
It’s easy to focus on ITAR, EAR and OFAC... and forget about some of the other U.S. Government acronyms that have an impact on exporters. Today, we’ll take a closer look at the Foreign Trade Regulations (FTR).
DDTC has served up a new proposed exemption for ITAR replacement parts and incorporated components. This follows several DTAG recommendations, some of which have been incorporated into the new language, and others which have not.