Danish Company’s Voluntary Disclosure Nets $119,250 Penalty, More for Its Subs
September 2008
BIS announced on August 14, 2008 that Reson A/S (RAS), a Denmark company that sells underwater acoustic equipment globally, has agreed to pay $119,250 in civil penalties. The company voluntarily disclosed 29 violations involving unlicensed exports and reexports of underwater navigation equipment to destinations in South Africa, Singapore, UAE, Mozambique, Taiwan, Russia and India between 2002 and 2006.
In addition to RAS’s penalties, its subsidiaries were also fined. Reson, Incorporated of California will pay $83,000, Reson Offshore Limited of the UK ($9,900), and a former subsidiary Underwater Surveys of Cape Town, South Africa ($29,700) for their involvement regarding the violations.
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