US Tech Company Discloses Potential Export Filing Violations
Vishay Precision Group, a U.S. sensor technology company, may have violated U.S. export filing requirements, the company said in a Securities & Exchange Commission filing this month. The company said it submitted a voluntary self-disclosure to the U.S. government after it determined that “certain export shipments of products from one of its subsidiaries” didn’t comply with filing requirements of the Bureau of Industry and Security's Export Administration Regulations and the Census Bureau’s Foreign Trade Regulations.
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“Non-compliance with the filing requirements may result in fines and penalties,” Vishay said. “The Company believes that the foregoing matters will not have a material adverse effect on the Company’s business or its financial condition, results of operations, and cash flows.”