Mailroom Mix-Up: $15 Export Results in $90,000 Penalty

Posted by Kelsey Barker

We’re sure it happens all the time: your company receives a product order, but you can’t decide whether to send it to the account address or the shipping address. However, if those two addresses are in Iran and Dubai, and your product could potentially be used in nuclear programs, you may want to double-check where your shipment is headed – or you could get slapped with a $90,000 fine.

That’s what happened to Lee Specialties, a Canadian manufacturer of oil field equipment, when they shipped rubber circles known as Viton o-rings to Iran in January 2012.

Read More

Topics: Export Management, Supplier Compliance Questionnaires, Restricted Party Screening