Electronics Firm Faces Penalty Over Export Violations

Law360, New York (January 7, 2014, 6:25 PM EST) -- A Pennsylvania-based maker of electronics faces a suspended $500,000 penalty under an agreement with the U.S. Department of Commerce for allegedly exporting nearly $3 million in amplifiers from the U.S. to countries including China and Russia without licenses to clear national security export restrictions.

Souderton, Pa.-based Amplifier Research Corp. agreed to settle the allegations by the Bureau of Industry and Security, part of the U.S. Department of Commerce. The bureau said it would suspend the $500,000 civil penalty for two years and waive it at the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.