Trade Compliance

GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.

Bureau of Industry and Security: Annual Report 2013

Posted January 14, 2014

The Bureau of Industry and Security recently issued its Annual Report to the Congress for Fiscal Year 2013, which includes information on the administration of export controls, enforcement efforts and penalty actions.

BIS investigations during the period covered by the report resulted in the criminal conviction of 52 individuals and businesses for export violations. The penalties for these convictions came to $2.7 million in criminal fines, more than $18 million in forfeitures and more than 881 months of imprisonment.  BIS investigations also resulted in the completion of 71 administrative export and anti-boycott cases against individuals and businesses and $6.5 million in civil penalties.