In FY 2011 combined U.S. Government Export Compliance Enforcement resulted in penalties of $732.8 MILLION and criminal prosecutions of 50 individuals and businesses.
DON’T LET THIS HAPPEN TO YOU!
In FY 2011, settlements with 11 businesses were reached for a total of $623,000,000 in penalties as compared to 21 settlements in FY 2010 for a total of $91,000,000.
Since FY 2008, OFAC investigations resulted in settlements with 339 businesses for a total of $2,670,000,000. ( that’s $2.6 BILLION ! )
BIS investigations in FY 2011 resulted in the criminal conviction of 39 individuals and businesses for export violations, as compared to 31 convictions in FY 2010. The penalties for these convictions came to $20,214,000 in criminal fines, more than $2,100,000 in forfeitures, and more than 572 months of imprisonment; compared to $12,298,900 in criminal fines, more than $2,000,000 in forfeitures, and more than 522 months of imprisonment in FY 2010.
In FY 2011, BIS investigations resulted in the completion of 47 administrative cases against individuals and businesses and $ 8,508,300in administrative penalties, as compared to 53 cases and more than $ 25,400,000 in administrative penalties in FY 2010.
In FY 2011 DOS entered into 1 consent agreement for a total of $79,000,000 in fines, as compared to 3 consent agreements in FY 2010 for $43,000,000. The Department also pursued in FY 2011 a total of 11 criminal prosecutions, as compared to 51 criminal prosecutions in FY 2010.