Companies Settle Charges of Antiboycott Violations
December 2006
Violations of the 2003 Antiboycott Act have resulted in penalties for two companies. Price Brothers (UK), Ltd. of Surrey, UK has settled charges relating to five violations related to Libyan transactions resulting in a $15,000 civil penalty International Specialists, Inc. of Boston , MA settled charges relating to violations resulting from transactions with Oman. Their imposed civil penalty was for $3,600.
View details of the charges and penalties at efoia.bis.doc.gov/Antiboycott/Violations/TOCAntiboycott.html & efoia.bis.doc.gov/Antiboycott/Violations/A681.pdf
(Hmmm, with penalties like that, it makes you wonder how much of your resources you should devote to antiboycott compliance when the cost of implementing a compliance program is greater than the amount of the fines. OK, I was just kidding… sort of. — John Black. )
