BIS reaches $60k settlement with Dutch pipeline company over Iran export violations

The US Bureau of Industry and Security has announced that an administrative settlement of $60,000 has been reached with Kleiss & Co, a Dutch pipeline manufacturer and distributor, to settle 2 breaches of the Iranian Transactions and Sanctions Regulations (ITSR). BIS also imposed a 2-year denial of export privileges order, which has been suspended. In June 2016 and March 2017, …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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