Alcoa Europe SA Enters in Settlement Agreement Over Failure to Report of Antiboycott Requests
Alcoa Europe SA (AESA) of Lausanne, Switzerland recently entered into an agreement with the Bureau of Industry and Security (BIS) in which it agree to pay $6,000 to settle charges that the company failed to report certain antiboycott requests received by the company in connection with sales to the Middle East. BIS alleged that AESA committed six violations the U.S. Antiboycott Regulations for failing to report the receipt of a request to engage in Restrictive Trade Practice or Foreign Boycott in connection with six transactions involving the sale and/or transfer of goods from the United States to Dubai.
Specifically, AESA failed to report language received from the customer that read as follows: "The Seller shall not supply goods or materials which have been manufactured or processed in Israel nor shall the services of any Israel organisation be used in handling or transporting the good or materials." Section 760.5 of the Antiboycott Regulations requires U.S. persons (which includes foreign subsidiaries of U.S. companies) to report boycott requests to BIS's Office of Antiboycott Compliance. The charging letter and settlement agreement can be found at the following link.
Labels: Boycotts
|posted by Douglas N. Jacobson| Permalink 
