WASHINGTON -- Commerce Assistant Secretary for Export Enforcement, F. Amanda DeBusk today announced that Itochu Project Management Corp., a Houston, Texas marketing agent, has agreed to pay a $4,000 civil penalty for an alleged violation of the antiboycott provisions of the Export Administration Regulations.
The Department alleged that Itochu Pipe and Tube Company, now merged with Itochu Project Management, in a transaction involving a sale to Syria in 1994, furnished information regarding another company's business relationship with or in Israel, by certifying that the goods did not contain Israeli materials. Furnishing such information is prohibited by the Regulations. While neither admitting nor denying the allegations, Itochu Project Management agreed to pay the civil penalty.
The antiboycott provisions of the Export Administration Act and Regulations prohibit U.S. companies and individuals from complying with certain aspects of unsanctioned foreign boycotts maintained against any country friendly to the United States that is not itself the object of any form of U.S. sanctioned boycott. Through its Office of Antiboycott Compliance, the Commerce Department investigates alleged violations, provides support in administrative or criminal litigation of cases and prepares cases for settlement.
In April of 2002 the Bureau of Export Administration (BXA) changed its name to the Bureau of Industry and Security(BIS). For historical purposes we have not changed the references to BXA in the legacy documents found in the Archived Press and Public Information.