Avnet Asia to pay $3.2m & former employee charged over illicit exports

The US Department of Commerce has announced that Avnet Asia, the Singapore-based unit of Avnet, a US electronic components and software distributor, has agreed to pay $3,229,000 (partially suspended) to settle allegations that it violated the EAR. BIS alleges that between October 2007 to January 2014, Avnet Asia knowingly ordered/sold/forwarded and/or transferred over $1.2 million worth of items controlled for …