• ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Self-disclosures continue to roll into BIS

Self-disclosures continue to roll into BIS

The U.S. Commerce Department's Bureau of Industry and Security has found no shortage of companies making voluntary self-disclosures of U.S. export control violations, despite the fact that they risk increased penalties for wrongdoing.

   'It hasn't really happened,' said Kevin Delli-Colli, acting assistant secretary for export enforcement at BIS, to industry members of the Regulations and Procedures Technical Advisory Committee in Washington Tuesday.

   Delli-Colli said BIS receives about 200 voluntary self-disclosures per year. Since the start of fiscal year 2009 (beginning Oct. 1), the agency has already received 92 voluntary self-disclosures, he said.

   President Bush’s signing of the International Emergency Economic Powers Act in November raised the maximum penalty amount for civil violations of the export control regulations from $11,000 per violation to $250,000 per violation, or by twice the value of the transaction that is the basis for the violation. For criminal violations, persons may be fined up to $1 million and/or up to 20 years in jail.

   Since 2004, however, BIS has maintained that voluntary self-disclosures are a ” ‘great weight’ mitigating factor” when determining the amount of export penalties to assess.

   Most of the closed cases involving voluntary self-disclosures resulted only in a warning letter and no penalties, but Delli-Colli said taking this action doesn't mean companies avoid penalties altogether. 'Certain cases deserve some consequences,' he said. ' Chris Gillis

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