Export Control Freaks?
An
article entitled, Export Control
Freaks,
appeared today on Forbes website regarding the
increased enforcement of export control
penalties especially in regard to exports to
China. The article discusses the U.S.
government's concern over the potential for
Seagate Technology to be purchased by a Chinese
company and highlights recent enforcement
actions against Springer Magrath Co. (resulting
in a penalty of $500,000) and Armor Holdings (a
division of BAE Systems) (resulting in a $1.1
million settlement agreement). The Armor
Holdings settlement agreement was related to
charges that Armor exported plastic handcuffs
above the allowable license value. Armor had
exported $1,980 under a license that allowed
exports up to $1,000 in value.