Exporter Assessed $250K Penalty, Denied Export Privileges for EAR Violation
The Bureau of Industry and Security has issued an order regarding a Settlement Agreement with Xun Wang to settle allegations that Wang committed one violation of the Export Administration Regulations. (BIS alleged that Wang conspired to bring about the export…
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of epoxy paint and epoxy paint thinner to Pakistan, through China, in violation of the EAR.) Under the order, Wang is assessed a civil penalty in the amount of $250,000 ($50,000 of which would be suspended for a period of five years and waived if no further violations are committed), denied export privileges for a 10 year period (five of which would be suspended, and eventually waived, if the civil penalty has been paid and no further violations have been committed).