BIS Denies Export Privileges of Texas Man for Illegal Transshipment to Iran
The Bureau of Industry and Security ordered Billy Powell of Kingwood, Texas, to pay $100,000, and denied his export privileges for five years, for an alleged scheme to export oil and gas equipment parts through the United Arab Emirates to…
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Iran without the required license. According to BIS, an Office of Foreign Assets Control license was required for the shipments. Powell knew a license was required, but didn’t get one. Per the terms of the order, Powell may not export or perform activities related to exporting, until June 19, 2018.