Company Fined by BIS for Russia Exports Says It Improved Compliance Procedures
Indium Corp., which the Bureau of Industry and Security earlier this week penalized for violating export controls against Russia (see 2412230052), has since “enhanced” its internal compliance program and improved its compliance training for employees, CEO Ross Berntson said in…
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an emailed statement. Berntson also noted that Indium voluntarily disclosed the issue to BIS and “fully cooperated with the resulting investigation.”