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ARTICLE · 15 SEPTEMBER 2006

Export, Customs & Trade Enforcement Highlights, Summer 2006

Reed Smith
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Ingersoll-Rand Company of Woodcliff Lake, N.J. entered into a settlement agreement with BIS under which it will pay a $680,000 civil penalty to settle charges of improperly exporting diaphragm pumps, without the required license, to India and Israel, by misrepresenting facts on an SED, and acting with knowledge that a violation would occur.

United StatesInternational Law
Leigh Hansson
Leigh Hansson
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  • The Department of Treasury, Office of Foreign Assets Control ("OFAC") announced that it reached settlement agreements with the following entities:
    • Augsburg College in Minneapolis, Minn. has paid $9,000 to settle allegations that it violated the Cuban embargo regulations on four occasions between January 2000 and June 2004. OFAC alleged that Augsburg acted without an OFAC license or outside the scope of its license by arranging travel to, from, and within Cuba for other organizations. OFAC maintained that Augsburg was not licensed to act as a travel service provider; it was not affiliated with and did not share a joint OFAC license with these organizations.

    • Chevy Chase Bank of Bethesda, Md., agreed to pay $3,352.86 to settle allegations that it violated the Iranian Transactions Regulations ("ITR") on July 8, 2002. OFAC alleged that Chevy Chase processed an unauthorized funds-transfer with payment information referencing services of Iranian origin.

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