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Legal Alert: Five Million Dollar Penalty May Be for Real

05/01/2007
Recent enforcement actions and a bill proposed by the Bush Administration show how serious government agencies consider violations of U.S. export controls and economic sanctions. These laws, which include the Arms Export Control Act and Export Administration Act, restrict the transfer of various domestic origin products, technology, software, and services to certain foreign nationals, foreign entities, and countries. They also prohibit certain financial transactions with various prohibited persons, entities, and countries, such as Cuba and Iran.

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