Worthington Products Settles With BIS for $250K Over Planned Shipment to Iran
Worthington Products and its president, Paul Meeks, will pay a $250,000 civil penalty as part of a settlement agreement between the two and the Bureau of Industry and Security reached after Commerce charged them with conspiracy to export an EAR99-designated…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
item to Iran without proper authorization, BIS said (here). Between approximately May 2009 and November 2011, Worthington and Meeks conspired with others to export a $420,256 waterway barrier debris system, designated as “EAR99” but subject to the Iranian TransactionRegulations, to Iranian government entity Mahab Ghodss, via the United Arab Emirates, without authorization from the Treasury's Office of Foreign Assets Control.