April 8, 2016
Publication:
The Export Practitioner
Related Country:
- Belgium
A Belgian chemical distributor, Chemical Partners Europe S.A. (CPE), agreed to pay a $350,000 fine to the Bureau of Industry and Security to settle six charges related to the export of coatings, pigments, and paints to Iran. Between January 2010 and March 2011, CPE allegedly exported about $244,358 worth of U.S.-origin items with nuclear or marine applications to Iran using falsified export declarations.
