ear 28 January 2021

BIS settles with company which undervalued telecoms exports to Russia

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The Bureau of Industry and Security (‘BIS’), part of the US Department of Commerce, has announced an administrative settlement of $540,000 (partially suspended) with Julian Demurjian of San Francisco, California, relating to allegations that ‘Mr. Demurjian and CIS Project, a company that Demurjian owned and...

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