Firm Receives One of the Largest Fine in U.S. Export Violation History

American Shipper Magazine reports that Balli Aviation Ltd. was sentenced to five years probation and is to pay $2 million for exporting B747 planes to Iran. Balli Aviation plead guilty to issuing three planes to be shipped to Iran without properly obtaining an export license from BIS or receiving authorization from the Treasury Department’s Office of Foreign Assets Control. Furthermore, they continued negotations with Iran even after BIS issued a Temporary Denial Order.

The $2 million fine combined with the $15 million civil settlement is one of the largest fines a company has received in U.S. export violation history.

There couldn’t be a more better example of how important it is to remain compliant then reading about Balli Aviation. Simply using a broker or adding software can help eliminate these huge fines and help keep companies out of court.

Management Dynamics offers an export trade solution that ensures compliance with export requirements of all major trading countries around the world allowing businesses to move goods across borders legally and efficiently.

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