$10 Million Penalty, Four Years in Prison for Illegal Exports to Iran

On October 22, 2012, in Compliance, International Trade, U.S. Customs Issues, by Martin Rayner

The Department of Justice announced Oct. 18 that a Florida man will forfeit $10 million and has been sentenced to four years in federal prison for conspiracy to violate the International Emergency Economic Powers Act and the Iranian Transaction Regulations.

The man was convicted of conspiring with others to unlawfully export nearly $15 million worth of sophisticated, enterprise-level computer and related equipment from the U.S. to Iran in violation of the U.S. embargo against that country. DOJ notes that the man and his co-conspirators shipped the goods through the United Arab Emirates and employed fake identities, fake end-users and coded language in an effort to conceal their activities.

Source: STR Trade Report

Related:
• Tampa Man Guilty of Exporting to Iran, Violating Embargo (TBO.com)
• Iran Sanctions Regulations Revised (STR Trade Report)

 

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About the author

Martin Rayner

Martin Rayner is an independent consultant with more than 27 years of diverse experience working in various operational facets of the customs brokerage and international trade logistics field. Martin has also held executive-level positions in the industry with a number of the leading trade service providers across Canada and during his career has acted in both professional advisory and advocacy capacities for companies seeking to leverage opportunities in the regulatory environment to their benefit.

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