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BIS Announces $469,060 Settlement Agreement with California-based Semiconductor Company For Conspiracy Involving exports to Two Entity Listed Chinese Companies

August 22, 2021
Source: lexblog.com lexblog.com
News Snapshot:
On August 16, 2021, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) that it had reached a settlement agreement with Dynatex International (“Dynatex” or “the company”) – a California-based semiconductor company – where the company would pay a civil penalty of $469,060 for allegedly violating the Export Administration Regulations (EAR). In its Proposed Charging Letter (PCL), BIS charged Dynatex with only one violation of Conspiracy (15 C.F.R. § 764.2(d)), alleging that Dynatex conspired with “others known and unknown,” between December 14, 2015 and January 17, 2020, to export a “DTX-150 MDB scribe and break tool and associated...
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Tags: agreement | California | charging | Chengdu | China | Chinese | customer | distributor | export | Exports | Gadgets & Electronics | HERE | international | IT | labor | law | military | Myanmar | research | Sanctions | Security | semiconductor | shipping | Software | technology

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