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U.S. Equipment Distributor Pays $140,000 On 14 Felony Counts Of Failure To File Export Information - Export Controls & Trade & Investment Sanctions - Vimarsana News

U.S. Equipment Distributor Pays $140,000 On 14 Felony Counts Of Failure To File Export Information - Export Controls & Trade & Investment Sanctions

Intertech was ordered to pay a fine of $10,000 per count, totalling $140,000, and is subject to a two-year term of corporate probation and monitoring.

Source: mondaq.com
New Hampshire distributor fined $140K for misrepresenting export shipments - Vimarsana News

New Hampshire distributor fined $140K for misrepresenting export shipments

In its plea agreement filed in July, Intertech said that it used false descriptions such as “lamp for aquarium.”

Source: boston.com
New Hampshire's Intertech Trading Corporation fined by officials - Vimarsana News

New Hampshire's Intertech Trading Corporation fined by officials

Intertech Trading Corporation, in Atkinson, pleaded guilty to falsely describing the nature and value of the exported items on commercial invoices and shipping forms, the U.S. attorney's office in New Hampshire said.

Source: wmur.com
US Government Expands Export Controls On Semiconductor And Supercomputer Items - Export Controls & Trade & Investment Sanctions - Vimarsana News

US Government Expands Export Controls On Semiconductor And Supercomputer Items - Export Controls & Trade & Investment Sanctions

On October 7, 2022, the US Department of Commerce's Bureau of Industry and Security (BIS) issued two rules amending the Export Administration Regulations (EAR) to expand export controls...

Source: mondaq.com
Distributor fined $140K for misrepresenting export shipments - Vimarsana News

Distributor fined $140K for misrepresenting export shipments

CONCORD, N.H. (AP) — A New Hampshire-based laboratory equipment distributor has been fined $140,000 on 14 felony counts of failing to file export information on shipments to Russia and Ukraine between 2015 and 2019.

Source: apnews.com