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New York-based company agrees to pay $180,000 for unlicensed shipments of electronics manufacturing materials to Russia

Company sold $96,506 worth of products to Russian end users without necessary BIS licenses

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December 26, 2024

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced a civil penalty of $180,000 against a materials refiner, smelter, manufacturer, and supplier to the global electronics, semiconductor, thin-film, and thermal management markets for unlicensed shipments of solder materials used in electronics manufacturing transistors and related products to Russia.

According to today’s BIS release, the New York-based company sold approximately $96,506 worth of these products to Russian end users between April 2022 and March 2023 without the necessary BIS licenses. The company thus engaged in conduct prohibited by the Export Administration Regulations (EAR) on 11 occasions, even though the company encountered, but failed to appropriately address, red flags throughout these transactions.  

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

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