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DHL's $9.44 Million Settlement Agreement with BIS and OFAC Signals Continued Commitment to Enforcing Sanctions Laws |
August 19, 2009
On August 6, 2009, the U.S. Government announced that it reached a $9.44 million agreement with DHL to settle allegations that the company made hundreds of shipments to Iran, Sudan, and Syria, and failed to meet recordkeeping requirements in violation of U.S. export controls and sanctions laws. This case represents the largest joint settlement involving the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") and the U.S. Department of Commerce's Bureau of Industry and Security ("BIS").
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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